BETTING KENYA Kenya – following Uganda in banning football betting 3 years ago Iwo Bulski Post Views: 653 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. 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. Source: Euronews 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 comapnies, Fred Matiang'i, Kenya Continue Reading Previous Kenia – Future of 19 betting firms now depends on security vettingNext Kenyans given 48 hours to cash out of betting firms More Stories EXPERTS KENYA Report Reveals Sectors With Highest Digital Fraud Rate in Kenya 2 days ago Samuel BETTING KENYA Betika partners fast track to drive retention in Africa 2 days ago Szarlot BETTING KENYA Ruto: Betting companies are operating in opaque space 3 days ago Samuel BETTING KENYA Sportpesa commits to settle outstanding KothBiro prize money 4 days ago Samuel BETTING KENYA Boxer Fatuma Zarika excited about SportPesa 6 days ago Samuel BETTING NIGERIA Betting Companies And The Question Of Social Responsibility 6 days ago Samuel BETTING NIGERIA Nigerian Online Sports Betting Operator License Requirements 6 days ago Samuel BETTING WORLD NEWS UKGC fines Betway $400,000+ for marketing on children’s pages 1 week ago Szarlot BETTING KENYA Court freezes new SportPesa licence amid shareholder row 2 weeks ago Szarlot BETTING GHANA betPawa GPL sponsorship less than $1 million 2 weeks ago Iwo Bulski BETTING ETHIOPIA In Ethiopia, Addiction To Sports Betting Affects All Layers Of Society 2 weeks ago Szarlot BETTING NIGERIA Evolution of sports betting in Nigeria 2 weeks 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.