BETTING KENYA F1 Team Racing Point Drops SportPesa’s Sponsorship 2 years ago Iwo Bulski Post Views: 535 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 betting company. Nevertheless, the bookmaker unexpectedly terminated the title sponsorship ahead of the new F1 season which begins March 15 with the Melbourne Grand Prix.Szafnauer spoke to Motorsport.com and stated: “They had some difficulties in their home market. They still want to be involved but maybe at a different level, but not as a title sponsor. So we’re still talking to them and they’re friends of the team and hopefully we can also include them as part of our sponsors and partners.” The home market issues mentioned by Szafnauer seem to refer to SportPesa becoming the highest-profile bookmaker to be expelled from the Kenyan market in 2019 after a dispute over unpaid player taxes with the Uhuru Kenyatta government. Sergio Perez, Racing Point RP19 The recent gambling reform in Kenya has also resulted in Betin, another major market participant, allegedly giving up and opting to close and redundant. SportPesa has yet to regain access to markets in its home town. With the tax dispute apparently not coming to an end, it seems that the company’s associated professional sports teams have decided to withdraw from existing agreements. Everton has also recently withdrawn from a multi-year deal with SportPesa, alongside Racing Point. Previously, the club had advertised the betting business on its jerseys, as well as being considered a big sponsor alongside fellow supporter Hull City on the SportPesa website. Replacing SportPesa as the title sponsor for Racing Point will be BWT, an Austrian-based maker of water treatment systems. SportPesa and Racing Point, as mentioned earlier, are in talks over a new partnership. The contract, however, would definitely be less financially lucrative compared to the deal made last year. Source: inkedin.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Everton, F1 Team, SportPesa Continue Reading Previous Ethiopia untapped gambling industryNext What is the Fun of Sports Betting Online? 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 BETTING NIGERIA All About Cricket Betting 4 days ago Iwo Bulski EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 4 days ago Szarlot 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 KENYA ONLINE The influencers paid to push hashtags 2 weeks ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 2 weeks ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 2 weeks ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 2 weeks ago Samuel BETTING KENYA Tanzania joins Kenya, Uganda tax squeeze on gamblers’ winnings 2 weeks ago Iwo Bulski 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.