Proposed Gaming and lotteries Policy
Agency | Ministry of Finance |
---|---|
Period | Mar 15 2021 TO Mar 15 2021 |
Status | Closed |
Industry | Arts, Entertainment and Recreation |
Proposed Gaming and lotteries Policy
The Government of the Republic of Zambia has observed that the country has in the last few years have seen an unprecedented growth and interest in the establishment of businesses that are categorized under the gaming and lottery industry. The games encompass casinos, sports betting, horse racing and lotteries. Gaming and Lottery patterns are undergoing a constant transformation which is changing the landscape and making the industry more accessible than was the case in the past. This has been coupled with technological advancements which have brought new players in the market.
The Gaming and Lottery Industry is one industry whose contributions can be substantial and significant to the economy. Whilst, the Country has experienced a proliferation of lotteries and other gaming outlets, the monitoring and supervision mechanism has remained stagnant. As of 2018, Zambia registered and licensed twenty-four (24) casinos and as of end August 2019 the number rose to thirty-four (34); whilst the licensed betting and lottery business stood at fifty (50) as of end 2018.
The regulatory oversight role of the gaming and lotteries industry is highly fragmented, and regulation of the industry has become challenging. The challenges range from players not strictly adhering to regulations or outrightly engaging in illegal activities. The main challenge has not been the lack of regulation per se, but that the existing pieces of legislation are administered by different ministries and organisations and has consequently led to ineffective enforcement of regulation.
The Government proposes a policy to guide regulation of the Gaming and lotteries sector.
Arts, Entertainment and Recreation
Gaming and gambling
Stakeholders are advised to Read the RIA Report.
Closed
- Name: Ministry of Finance
- Ministry of Finance
- Fax:
- Address: Ministry of Finance, P.O. Box 50062 Chimanga/Independence Avenue, LUSAKA
- Telephone: +260 211 251843, +260 211 250657, +260 211 253786
- Email: info@mof.gov.zm
- Website: https://www.mof.gov.zm
- Working Hours: 08 - 17 hours
Comments
You can submit your comment as a guest user or sign up to give your comment. Signing up allows you to like comments and make attachments along with your comment. Read our Comment Policy here.