Kenia - Future of 19 betting firms now depends on security vetting

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The government has moved in to rein in betting firms after it declined to renew licenses for 19 entities following a rigorous vetting process.

The Interior ministry, in a statement released Monday, revealed that the future of the firms, whose identities were not revealed, now depends on further “security vetting on both their operations and directors”.

In addition, the ministry also announced it had deferred the renewal of licenses for 13 casinos, six lotteries and eight betting firms.

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The announcement was made two days after Interior Cabinet Secretary Fred Matiang’i hinted that most betting firms would lose their operating licenses once the vetting process is concluded.

Speaking in Kisii on Saturday Dr Matiang’i said that most of the betting firms have not been paying taxes and are to blame for increased idling amongst the youth in the country.

In Summary

The ministry also announced it had deferred the renewal of licenses for 13 casinos, six lotteries and eight betting firms.
Dr Matiang’i said that most of the betting firms have not been paying taxes.
He hinted that most betting firms would lose their operating licenses once the vetting process is concluded.

Source: nation.co.ke

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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.

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