BETTING UGANDA Betting Uganda have witnessed a boom since Sportpesa and Betin quit the Kenyan 3 years ago Samuel Post Views: 1,292 Betting shops in Uganda have witnessed a boom in business since Sportpesa and Betin quit the Kenyan market almost two weeks ago. Kenyan youth, living near the Uganda border have exported their betting across the border where they are guaranteed value for money. These youths, mostly around the Busia and Malava border prefer doing their business in Museveni’s country because their winnings are not affected by the controversial 20% withholding tax. “In Uganda, the issue of 20 per cent withholding tax is not there, so you get your money. You stake and you get the expected earnings,” – one of the youths told a local daily. This is how it happens. Most of the youths have acquired Ugandan sim cards. When they cross the border, they exchange their money into Ugandan currency and deposit at a mobile money agent. then it is systems go. “We place our live bets, win our money, do shopping for our families and come back to Kenya,” the youth said. Commodities in Uganda are relatively cheap compared to Kenya and the youths say they also do shopping for their families with part of their winnings before coming back to Kenya like someone from abroad. The revelation is a new headache for the government, especially coming just weeks after Interior CS Fred Matiang’i said that the government was winning the war on gambling. Sportpesa cited a hostile business environment when they announced that they were quitting the Kenyan market in September. The firm said compounded by the currently in-effect 20 per cent withholding tax on winnings, the economic incentive to place bets will be completely removed as the taxes will deprive consumers of their total winnings. “The tax is based on a fundamental misunderstanding by the (former Treasury CS Henry) Rotich led treasury of how revenue generation works in the bookmaker industry. This decision will have a damaging impact on both customers and treasury,” – reads part of a statement sent to newsrooms. Source: kdrtv.co.ke About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: betting shop, SportPesa, Uganda Continue Reading Previous Uganda’s authorities move to tighten AML measuresNext Kenya – lack of jobs, IT growth fuel obsession with gambling More Stories BETTING SOUTH AFRICA 4Racing host the inaugural Championship season at Turffontein 22 mins ago Samuel BETTING KENYA Court orders gambling firm to pay former staff Sh12m in terminal dues 22 hours ago Samuel BETTING SOUTH AFRICA Kambi Group to Continue Supplying SunBet with Solutions 1 day ago Samuel BETTING GHANA Betway extends sponsorship for Ghana Women’s Premier League 1 day ago Samuel BETTING WORLD NEWS LeoVegas Group launches new global partnership with Inter 1 day ago Iwo Bulski BETTING KENYA Ndungú’s stake in Sportpesa firm risks seizure without pay 2 days ago Szarlot BETTING NIGERIA Parimatch Tech evolves into GR8 Tech 2 days ago Szarlot BETTING SOUTH AFRICA SIS, Kiron Interactive in Africa partnership 5 days ago Szarlot BETTING UGANDA Melbet online betting is a stable source of income 5 days ago Szarlot BETTING WORLD NEWS Bookmaker 1xBet denies problems with license and connection with Russia 5 days ago Samuel BETTING TANZANIA Betting firm employs 142 Tanzanian youths 1 week ago Szarlot BETTING SOUTH AFRICA Betfred SA denies it owes Joburg City Power over R3m in unpaid lights bill 1 week ago Szarlot 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.