BETTING KENYA BCLB directs betting firms to renew licenses, migrate to new system 4 months ago Szarlot Post Views: 363 Betting firms and gaming entities can now apply for the renewal of their licenses for the financial year 2024/25. The Betting Control and Licensing Board (BCLB) on Wednesday called on all operators to comply, even as the roll out the new gaming management system continues. This automation, the Board says, will streamline the collection of revenue by the Kenya Revenue Authority (KRA), in line with a government directive on the same. In a stakeholder engagement, BCLB directed all betting firms to swiftly transition to the new gaming management system, emphasizing compliance. The directive comes amidst reports indicating that only 97 out of the 180 licensed operators have integrated their systems with KRA to enable real-time monitoring of the industry, with the aim of closing revenue leakages and enhancing regulatory oversight at KRA. “We have been doing applications and processes manually for years but now the time has come when we need to automate our processes.” – BCLB CEO Peter Mbugi said. “So in terms of moving forward we require that our operators process their applications through the online system which is the gaming management system.” The betting regulatory body has also initiated the renewal of licences for the financial year 2024/2025. This comes as the board implements essential changes to streamline operations within the betting industry. “We have participated in the development of the first gambling policy in Kenya and developed the GMS. We have as well successfully uploaded all our services to eCitizen, we have streamlined the licensing process by institutionalizing an open-door policy at BCLB,” – said Board Chairperson Dr. Jane Makau. “The board is moving forward to look for issues relating to having a central monitoring system where we can be able now to monitor activities in the industry online and also without wasting a lot of time,” – Mbugi added. Source: citizen.digital About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: betting, Kenya, Kenya Revenue Authority, renewal licenses Continue Reading Previous BetKing Renews Partnership to Promote Responsible GamingNext Issue executive order to check dangers of sports betting More Stories BETTING SOUTH AFRICA South Africa’s betting revenue soars 3 days ago Samuel BETTING ZAMBIA Checkd Dev enters Africa with Smart Acca launch, alongside 888Africa 3 days ago Szarlot BETTING Watch and win: All you need to know about Live streaming on 1xBet 3 days ago Iwo Bulski BETTING KENYA The financial impact of sports betting legalisation on emerging markets 3 days ago Samuel BETTING NIGERIA Top 4 Horse Racing Betting Sites in Nigeria 4 days ago Szarlot BETTING NIGERIA Nigeria’s Top Betting Habits 4 days ago Samuel BETTING How to Grow Business and Attract New Partners 4 days ago Iwo Bulski BETTING GHANA The rise of online sports betting in Ghana 5 days ago Samuel BETTING SOUTH AFRICA 10bet announces games library expansion thanks to BetGames collaboration 6 days ago Szarlot BETTING LALIGA partners with SportyBet to expand African footprint 6 days ago Samuel BETTING GHANA Industry players call on Gov’t to review withholding tax on betting 1 week ago Samuel BETTING KENYA Kenya Must Clamp Down On Betting Operators With Deceptive Bonus Advertising 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.