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Uganda’s vibrant capital transformed into a hub of innovation as Day One of the 8th Annual Edition of Sports Betting East Africa+ Summit unfolded. With a spotlight on groundbreaking ideas and transformative business strategies, sports betting leaders converged, aiming to propel East Africa s betting and iGaming landscape into uncharted territories.
Gaming operators under declaring revenue by half - audit
Tuesday April 20 2021
This file photo shows a man with his child bets on football games at sports betting shop in Kampala, Uganda. AFP PHOTO
Summary
Ms Juliet Namuli warned that they are unlikely going to meet their Shs50.6b target in the coming financial year, citing the negative impact caused by Covid-19 imposed lockdown on gaming centres, which has caused a 36 per cent reduction of the revenue collection in the last eight months.
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The Parliamentary Committee on Finance yesterday heard that the lotteries and gaming industry has been under declaring its revenue by half, causing government Shs50b loss in revenue.