BETTING KENYA Fair playing ground necessary in the betting industry 3 years ago Samuel Post Views: 555 Betting firms in the country have reportedly resorted to unfair competition practices including sponsoring not so rosy content against each other in a bid to control the market space, Nairobi News understands. Some of this content on social and mainstream media appears to paint the foreign-owned betting firms as being involved in malpractices such as money laundering. These claims are, however, not substantiated. “A successful foreign company has been at the centre of this well-choreographed media campaign. It appears someone is out to banish foreign-owned betting companies from the market and take up dominance in an illegal and primitive way of setting up scandals through the media.” – a source who spoke off the record, claimed The source also shared the fear that this practice, if not checked, could lead to the closure of betting firms in the country, further resulting to loss of business opportunities and jobs, affecting an already struggling economy. “Kenya is on the verge of becoming an undesirable environment for foreign investors because of individuals working against the interests of the population. It leaves the future of about 55,000 employees at stake.” Despite a drop in profits owing to harsh business environment and effects of the coronavirus pandemic, betting companies in the country reportedly paid up to Sh6 billion in taxes to the national and county governments in 2020. Other firms have also supported the community with continuous donations to the health sector aimed at supporting exposed persons affected by the coronavirus pandemic. The firms have also supported sports activities by sponsoring Kenyan Premier League clubs. Source: nairobinews.nation.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: fair play, Kenya, sports betting Continue Reading Previous Betting sites in South Africa with bonusesNext Incentive Games To Supply FTP For Betsafe Kenya More Stories BETTING SOUTH AFRICA Nolimit City Celebrates South Africa Debut 6 hours ago Samuel BETTING GR8 Tech enters long-term partnership with Mojabet 6 hours ago Szarlot BETTING KENYA Odibets unveils Sh5m sponsorship for Kenya Women 3X3 basketball team 2 days ago Szarlot EXPERTS KENYA Tappi expands services across Africa beyond Kenya and Nigeria 2 days ago Samuel KENYA ONLINE iGaming’s Global Growth: From Africa to North America 2 days ago Szarlot KENYA ONLINE Kenya’s Blockchain Association Makes Plea for Detained Binance Executives 2 days ago Samuel BETTING NIGERIA Seun Kuti criticizes Nigerian elites over youths sleeping in betting shops 3 days ago Samuel BETTING KENYA Kayole Matatu Driver Newest Millionaire in Town After Winning KSh 3.4m 6 days ago Samuel BETTING NIGERIA Reps to organise public hearing on age limit for betting 1 week ago Samuel BETTING NIGERIA BetKing Renews Commitment To Ikorodu City FC 1 week ago Szarlot EXPERTS KENYA The impact of Kenya’s Gambling Control Bill 1 week ago Samuel KENYA ONLINE Love For The Screens As African Gamers Hit 186 Million 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.