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Gambling rakes in P79m

Ricardo Kanono by Ricardo Kanono
March 3, 2021
in News
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Gambling rakes in P79m

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  • No Fund order to pass the money to Govt

PHILLIMON MMESO

editors@thepatriot.co.bw

Public funds amounting to P79, 940,116 are lying idle in a private account at the Gambling Authority because relevant authorities at the parastatal and government enclave are failing to set up a levy Fund to remit the funds to government coffers.

According to Gambling Authority 2019/21 report, the funds were collected as licence levy payable to Levy Fund compared to P58, 126,868 in 2018/19. The collection of the levy by the Gambling Authority has raised questions from the Parliamentary Public Accounts Committee (PAC) in the past who questioned why funds are collected through the levy when there is no fund order to remit to government.

Gambling Authority Chief Executive Officer, Thulisizwe Johnson, has indicated that they  have taken a decision to keep the funds in a separate bank account to ensure that it did not get used for the authority’s operations. Johnson defended the collection of the levy saying that their interpretation of the Act through which Gambling Authority was established, was that licensees were obliged to continue paying a certain amount of their gross gambling revenues as per the provisions of the Act. It was on that basis that the Gambling Authority began to collect funds even before a Fund Levy could be put in place, he stated.

“The Authority considers License Levy collected as amounts collected on behalf of the Levy Fund and has recognised as a liability and included under current liabilities pending the establishment of the Levy Fund and finalisation of its structure, control and administration. The accounting treatment will depend on the final conclusions relating to its structure, control and administration upon its establishment,” reads the report.

On the Casino entrance fees, the Authority managed to collect P1, 584,904 in 2020 compared to P1, 597,459 in 2019. One of the major issues that affect casino industry is harmful gambling habits which led to some squandering their money even property. To address the issue, Gambling Authority introduced a responsible gambling strategy which is supported by a counselling and psychosocial treatment strategy that is coupled with an exclusion programme.

According to the report there were 36 exclusions, including 1 relapse and only 18 managed to exclude themselves. 20 people have been excluded for 4 consecutive years according to the report.The total number of people who have been excluded for four (4) consecutive years is 20.

According to Gambling Authority financial report the organisation spent P136, 588 on Covid-19 crisis management, Responsible Gaming Costs 2,025,348, Total expenditure 49,261,983 40,224,948, and Salaries and wages 20,468,438 1 9,841,367

Johnson said in their efforts to protect the funds from mismanagement as has been the case with other levies, they have in addition to keeping the money in a different bank account, had the account audited to further ensure the safety of the funds.

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  • VACANCIES: BR PropertiesMay 17, 2022
    INTERNSHIP OPPORTUNITY Finance and Administration Closing date: 18th May 2022.
  • BANANA CLUB HOSTS FIRST MAUN EDITIONMay 17, 2022
    The artist-led collective, Banana Emoji Productions in collaboration with the European Union Delegation in Botswana hosted the beloved BANANA CLUB dialogues in Maun on the 14th of May 2022.  The multi-disciplinary creative group is committed to working with artists […]
  • Orange Botswana CEO among Africa’s most inspirational women in leadershipMay 12, 2022
    – Declares House of Rose House of Rose Professional Pte. Ltd (HORP) has announced its 2022 List of Africa’s Most Inspirational Women in Leadership. The list included over 100 inspirational leaders and was curated by House of Rose Professional […]
  • Unions ‘consider’ a Workers PartyMay 12, 2022
    Masisi snubbed trade unions on Workers Day, chose Khawa BOFEPUSU warn Masisi that Khawa could cost him elections Opposition will be top beneficiary of a Workers Party -Analyst BAKANG TIRO editors@thepatriot.co.bw Aggrieved trade union federation, Botswana Federation of Public, […]
  • Munyadzwe breeds, commercialises phane wormMay 12, 2022
    “We have had clients from as far as England, Ethiopia, Nigeria, Ghana and they really like the phane worms. People are talking about snack protein, and we are part of that revolution, food security, healthy sources of protein, going […]
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