7 News Belize

How Much Was The Brad’s Haul For GOB?
posted (October 25, 2019)
The 10 year contract was awarded in 2009 and is about to come to an end. And - while we may never know how much Brad's Gaming Company Limited profited - how much did government get from that 10 year privatization? Well about 20 million flat, according to the Fin Sec:

Reporter
"The revenue from the Brads Boledo concession, she characterized as lucrative."

Joe Waight, Financial Secretary
"I think there is an annual license fee of 2 million Belize dollars and that's a flat fee, no percentage."

Reporter
"Any taxes on winnings etc?"

Joe Waight, Financial Secretary
"Yes there is."

Reporter
"On the boledo?"

Joe Waight, Financial Secretary
"I don't think so. The boledo can be very small, but I know to operate and to get the license they pay a flat 2 million annually."

Cabinet has been agreed that the new contract will be put to tender when the contract expires.

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