Gambling: Capital of Rs 2.5 Billion for the State

9 years ago - July 22, 2013
The odds of winning in games of chance are slim, except for the state, which always has the right combination, put the right horse or good football team by putting their pockets with tax revenues and other permits operation. It should pocketing Rs 2.5 billion this year.

Mauritius should collect, as taxes on gambling, the sum of Rs 2.1 billion against Rs 1.8 billion in 2012 and Rs 2.19 billion in 2011. Thus, for 2013, Rs 749 million that the state will collect lottery operators (Rs 575 million in 2012), Rs 830 million bookmakers organizing paris on horse racing and football (Rs 760 million in 2012 ) and Rs 585 million casino and other gambling houses (Rs 500 million in 2012).

And that's not all, the Gambling Regulatory Authority (GRA), the regulatory authority, has amassed as Gambling Licenses on behalf of the State, the sum of Rs 223 million in 2011, Rs 338 million in 2012, while forecasts for 2013 indicate a sum of Rs 342 million.

According to the latest annual report of the GRA, 57 bookmakers horse racing were in operation in 2011, two bookmakers telephone and SMS which had 20 branches. The number of bookmakers in the football field was 10 to 76 branches. Four casinos were also in operation while the number of gaming machines amounted to 1809. Also included in this list agent Foreign Pool and Pool Local promoter and new operators darts, among others.

The bookmakers horse racing paid particular close to Rs 15 million as License Fees, Rs 1.2 million by SMS bookmakers and Rs 2.2 million for those providing the service by phone. The Gaming Machines reported to the GRA Rs 121.4 million, casinos have had to pay Rs 12.25 million, and the operators of the lottery, Rs 7.7 million, among others.

These License Fees, according to the report, were as follows: Rs 3.5 million per year, payable in four installments for casino operators, Rs 50,000 for Gaming Houses (B), that is, those with games such as Mahjong or Rummy. The sole organizer of horse racing including prize money, the Mauritius Turf Club (MTC), it should pay Rs 1 million annually for its license, among others.

The annual report of the GRA also mentioned the complaints. In 2011, 48 were recorded and six were referred to the Police games, while 29 have been resolved.

Operators

Number

Bookmakers horseracing

57

Gaming Machines

1809

Bookmakers Football

76 branches

Bookmakers horseracing

20 branches

 

Lotto: the cow loses weight

Lottotech, sponsor Loto Mauritius, contributes heavily to state coffers. In 2012, Rs 564 million have been paid to Consolidated Fund and Rs 43 million to the National Solidarity Fund. In 2011, it was Rs 684 million have been directed to the Consolidated Fund. The contribution to the fund is down about 17.5% in one year for the simple reason that the company is far from being in a win-win situation.

For despite its 577 retailers across the island (2012), the Company recorded losses of Rs 92.2 million since its incorporation in 2008. "Without improvements, the sale of Lottery will continue to fall. The approved Lottotech at the time of grant of the license plan provides for the timely introduction of innovative games.

The government's decision to refuse to approve new games and enhancements will continue to cause a decline in sales in the future. This will in turn have a negative impact on the amount of contributions received by the Consolidated Fund and the National Solidarity Fund. Considering the results of the last two years, Lottotech will fail to meet the expectations of the original approved plan, unless there is a radical change in the position of the Ministry of Finance and the Gambling Regulatory Authority, "says is in the final 2012 annual report of the shareholders.

 

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