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    Home»Investments»Zimbabwe Tighter Gambling Rules: Regulatory Controls Strengthened
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    Zimbabwe Tighter Gambling Rules: Regulatory Controls Strengthened

    Kingsman | Financial AdvisorBy Kingsman | Financial AdvisorJune 7, 2025No Comments3 Mins Read
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    Zimbabwe eyes tighter betting policies

    The Lotteries and Gaming Board (LGB) has announced plans to tighten regulatory controls over Zimbabwe’s betting industry following increasing concerns about illegal gaming operations, financial crimes, and the social impact of gambling addiction.

    Talking before the legislative portfolio committee on security and home affairs last week, LGB interim secretary Misheck Chingozha highlighted the rapid growth of both local and international investments in the gaming sector, which has brought regulatory challenges and adverse social effects.

    “The past few years have seen an increase in investment in the betting sector by both international and local investors,” Chingozha said. “As a result, gambling density has become a cause for concern.”

    The board has been alarmed by reports circulating on social media linking gambling losses to suicides, a development that has spurred immediate action.

    “Instances of suicide attributed to gambling have been circulating on social media,” he noted. “The regulatory authority is giving its all to ensure public awareness and promotion of responsible gambling where players are encouraged to know their limits, not chase losses, and understand when to stop and walk away.”

    In an effort to curb illegal gambling activities, Chingozha revealed that no new betting shops are currently being permitted in Harare’s central business district. Additionally, a strict screening and due diligence process is in place before new licenses are issued to ensure only qualified investors are accepted.

    Beyond social issues, the LGB is also addressing the use of the gambling industry as a channel for illicit financial flows.

    “The regulatory authority recognizes the proliferation of illegal online gambling activities within Zimbabwe’s gaming space, despite existing legal frameworks that do not explicitly prohibit such operations,” Chingozha said. “This proliferation is facilitated by technological advancements, increased accessibility, and the borderless nature of online platforms, posing significant enforcement challenges.”

    He further noted that widespread illegal operations have led to significant revenue leaks and loss of tax income for the government.

    To enhance oversight, the regulator is developing a gaming management system that will monitor and track operators’ activities in real-time to ensure compliance.

    “Effective enforcement is hindered by limited manpower and resources to shut down illegal operators,” Chingozha acknowledged. “However, working with stakeholders, we conduct joint operations with the police and the Financial Intelligence Unit to curb illegal gambling.”

    The regulatory authority also plans to expand enforcement efforts nationwide to improve compliance.

    “Gambling can be addictive and dangerous if undertaken without restraint,” Chingozha reminded, emphasizing the importance of responsible gambling practices.

    The Lotteries and Gaming Board’s advocacy for stronger regulation aims to protect the public from the dangers of gambling addiction, safeguard government revenue, and eradicate illicit gambling activities undermining the industry’s integrity.

    author avatar
    Kingsman | Financial Advisor
    Kingsman a 35-year-old financial advisor from London, UK, epitomizes the blend of analytical prowess and personable guidance. With a decade of experience in the financial sector, Kingsman has cultivated a reputation for his strategic approach to wealth management and investment advising. His journey began at the University of Oxford, where he graduated with honours in Economics, a discipline that fueled his fascination with the financial markets and their intricacies.
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    Kingsman a 35-year-old financial advisor from London, UK, epitomizes the blend of analytical prowess and personable guidance. With a decade of experience in the financial sector, Kingsman has cultivated a reputation for his strategic approach to wealth management and investment advising. His journey began at the University of Oxford, where he graduated with honours in Economics, a discipline that fueled his fascination with the financial markets and their intricacies.

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