EC Bingo halls contribute healthily to tax revenue

01 Feb 2016 | Admin Author

The six licensed Bingo halls in the Eastern Cape continued to contribute healthily to tax revenue from gaming and betting in November last year.

Figures published by the Eastern Cape Gambling and Betting Board show that Bingo halls contributed R1.26 million in November, bringing the total tax paid in the first eight months of the current financial year to just over R6.2 million.

Two of the licensed halls are in Nelson Mandela Bay and two in Buffalo City, with the others in Mthatha and Jeffrey’s Bay.

Turnover at the six halls increased from R134.6 million in April last year to R254.2 million in November.

The Board has held public hearings ahead of the issuing of a further nine Bingo licenses in the Eastern Cape, but the finalisation of this process could be delayed as a result of concerns raised by the National Assembly’s Trade and Industry Portfolio Committee.

Source:Metrominute