KENYA Kenya following Uganda in banning football betting 4 years ago Iwo Bulski Post Views: 820 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. Kenya’s Interior Minister Dr. Fred Matiang’i, said that the government will be turning the betting industry inside out. He called for changes in the Betting and Licensing regulations. According to the reports by the local media house NTV. Interior CS Fred Matiang’i says the betting, licensing and control sector needs to be cleaned up. @OBurrows #NTVAtOne pic.twitter.com/sAuSZqcNm9 — NTV Kenya (@ntvkenya) April 1, 2019 The minister ordered the Betting Control and Licensing Board to oversee that betting firms are in compliance with the taxes to avoid obstruction, reports Kenya’s Standard Media Group. “To show that we are serious, all betting licenses in the country stand suspended effective July 1, 2019 unless the holders pay all their taxes,” – said Dr. Fred Matiang’i. Kenya recorded the highest number of youth betting with at least 76 percent of them involved in betting following a recent GeoPoll survey) carried out among youth between the ages of 17-35 in Uganda, Tanzania, Ghana, Nigeria, South Africa and Kenya. The survey further shows that Kenyans spend the highest amount of money in gambling and the highest frequency compared to other African countries. Whilst other countries bet mostly once a month, a majority of Kenyans bet once a week spending about $50 per month mostly on football bets. Youth elsewhere spend less than $50 a month. What of Uganda? Kenya’s order comes months after the President of Uganda banned betting companies in the country citing the bad effect betting is having on the youth. State Minister of Finance David Bahati, was quoted by the privately-run Daily Monitor portal as confirming that no new licenses will be issued for the betting companies and that old licenses will not be renewed upon expiration. 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: betting, Kenya, Uganda Continue Reading Previous Here’s why Everton are not donning SportPesa jerseysNext Six months after war on betting, more pain than gain More Stories KENYA ONLINE Best betting sites with Aviator game in Kenya 11 hours ago Samuel BETTING KENYA Is online sports betting a popular hobby? 2 days ago Samuel BETTING KENYA Payouts to gamblers thin out as fresh taxes hit winners 2 days ago Samuel BETTING KENYA Odibets To Reward Customers With 100 ‘Mbuzis’ For Christmas 4 days ago Samuel BETTING KENYA Sportspesa risks losing license if found guilty of disobeying court order 7 days ago Szarlot EXPERTS KENYA Gamblers stake Sh620 billion in four years as betting craze rises 7 days ago Samuel BETTING KENYA Gamblers stake Sh620 billion in four years as betting craze rises 1 week ago Szarlot EXPERTS KENYA President Ruto unveils plan to privatise 35 state companies in Kenya 2 weeks ago Samuel EXPERTS KENYA Top 10 African payment trends for 2024 2 weeks ago Samuel BETTING KENYA Kasarani Teams Get Sh5 Million SportPesa Sponsorship 2 weeks ago Samuel BETTING KENYA Kenya is plotting to steal the shine from gambling craze 3 weeks ago Szarlot EXPERTS KENYA Kenya’s Gambling Control Bill proposes sweeping changes on sector 3 weeks ago Samuel 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.