Formula One team Racing Point has ended its title sponsorship with Kenyan bookmaker SportPesa due to ‘home market difficulties,’ according to team leader Otmar Szafnauer of the group. Racing Point had initially signed a multi-year title sponsorship with SportPesa prior to the 2019 F1 season, described as the biggest sponsorship pledge ever by the Kenyan […]
The Kenya government, using moralist arguments, has imposed very tough restrictions on sports betting. But it seems the decision was not based on facts in a world where technology has entrenched betting in consumer culture.
Kenya gives notice to betting companies to comply with tax regulations or face closure. The government of Kenya has declared war on betting companies due to its adverse affects on the youth and high spending by patrons.
Everton on Saturday replaced the SportPesa logo in front of its jerseys during the English Premier League match versus Crystal Palace, but the club announced the move was temporary.
Leading sports betting firm Betika continues to invest in sports in the country and has today deployed football kits, nets and balls to over 200 football teams across the country.
Gaming company SportPesa, which started out in Kenya before spreading its world to the rest of the world, has been dealt with another heavy blow as the Football Association of Ireland (FAI) terminated its contract with the company.
The requirement that betting firms get security clearance is the reason giant gaming firm SportPesa folded its operations in Kenya. The firm closed shop last October and declared over 360 workers redundant in what was first said to be a tax standoff with the Kenya Revenue Authority.
As the use of mobile money platforms continues to take almost every transaction in Kenya, it has emerged that 82 percent of Kenyan youth are using mobile money platforms such as M-Pesa to transact for gambling and betting.
After spending several months with gamblers in Kenya, Mario Schmidt finds that many people see their activity as a legitimate attempt to make a living in an economy that does not offer stable employment.
The republic of Kenya is a country in East Africa. The country is named after Mount Kenya, a very significant landmark and the second among the highest mountain peaks of Africa.