BETTING UGANDA Betting Uganda have witnessed a boom since Sportpesa and Betin quit the Kenyan 3 years ago Samuel Post Views: 1,185 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 KENYA Gambling operators ignore orders to close during the election 2 days ago Iwo Bulski BETTING GHANA Ghana: Gaming Commission Must Regulate Industry 3 days ago Szarlot BETTING KENYA Kenyans spend over KSh 300b on bets, cigarettes and liquor yearly 3 days ago Szarlot ONLINE UGANDA The Contextual Analysis of Social Media in Uganda 3 days ago Szarlot BETTING NIGERIA All About Cricket Betting 4 days ago Iwo Bulski BETTING KENYA Kenyan government orders all operators to close for election day 4 days ago Iwo Bulski BETTING KENYA The government should work with the betting industry 2 weeks ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 2 weeks ago Iwo Bulski BETTING KENYA Tanzania joins Kenya, Uganda tax squeeze on gamblers’ winnings 2 weeks ago Iwo Bulski BETTING HOT NEWS KENYA BCLB clears 11 betting companies to receive operating licenses 3 weeks ago Samuel BETTING SOUTH AFRICA South African start-up wagers on peer-to-peer betting 3 weeks ago Szarlot BETTING GHANA Betway charts path in compliant sports betting with conferences 3 weeks 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.