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Five casino concessions in Mozambique generated investments of USD 36 million (€32.3 million), the President of the Republic, Filipe Nyusi, announced in parliament on 8 August.
The revenue from taxes paid by casinos in Mozambique increased by 14.6% in the first six months of the year, year-on-year, to 226 million meticais (€3.2 million), a figure nevertheless below forecasts.
According to data compiled from the economic and social report on the implementation of the State Budget for the first half of the year, revenue from the Special Tax on Gaming compares with the 197.3 million meticais (€2.8 million) collected from January to June 2023.
Despite the year-on-year first-half growth, this is only 18.3% of all revenue that the Government estimates to collect from the gaming tax in 2024, a figure of almost 1,235 million meticais (€17.3 million).
Taxes paid by casinos in Mozambique in the first half of the year represented just 0.1% of all Mozambican state revenues, according to the same report. Five casino concessions in Mozambique generated investments of USD36 million (€32.3 million), the President of the Republic, Filipe Nyusi, announced in parliament on 8 August.
These “private sector-driven ventures” that the government encouraged “resulted in an investment of just over USD 36 million,” Nyusi said at the opening of the 10th edition of Fikani, the Mozambique International Tourism Fair.
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The income from taxes paid by casinos in Mozambique had grown by 21.9% in 2023, compared to the previous year, to 371.1 million meticais (€5.3 million).The collection of the Special Tax on Gaming in 12 months of last year compares with 304.4 million meticais (€4.4 million) in 2022.
