The Rwanda Development Board (RDB) has announced the resumption of issuing license to new gambling operators, lifting a suspension that had been in place since 2024.
In a statement issued, RDB stated that it is currently undergoing a “thorough review and redesign” of the legal and regulatory framework governing the gambling industry.
The suspension affected both new license applicants and those seeking to renew expired licenses. It was implemented to allow time for the development and approval of a new national gambling policy and to address serious challenges reported within the industry.
An internal RDB report from 2023 highlighted several concerns, including:
- Weak regulatory enforcement
- Underreporting of earnings
- Rising cases of gambling addiction
- Lack of digital monitoring systems
As RDB resumes licensing, it emphasized that existing regulations remain in effect, including the Law Regulating Gambling and the 2023 Ministerial Order concerning sanctions.
The regulatory body has invited new investors, particularly those interested in land-based casinos, online casinos, and sports betting, to submit Expressions of Interest (EOIs) by September 30.
Industry Landscape: Currently, Rwanda has over 30 registered gambling operators, which include local and international businesses managing sports betting shops, online platforms, and lottery services.
New Tax Framework: As licensing resumes, operators will encounter a new tax framework that was approved by Parliament. Under this framework, gambling operators will be taxed at a rate of 40%, an increase from the previous 13%.
Market Growth: The global gaming market was valued at $198.40 billion in 2021 and is projected to reach $339.95 billion by 2027, with an annual compound growth rate of 8.94% anticipated from 2022 to 2027.
