BETTING KENYA Kenya – following Uganda in banning football betting 2 years ago Iwo Bulski Post Views: 473 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 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 BETTING APO Group’s new deal with Getty Images will introduce African sport to the world 3 days ago Iwo Bulski BETTING NIGERIA Multichoice Announced Plans to Increase it Stake in BetKing 3 days ago Adeleye Awakan HISTORY KENYA Kenya – Gamblers among losers in treasury’s Kshs. 3.03T budget 3 days ago Szarlot BETTING HOT NEWS RWANDA Rwanda Gaming Operators Reopened After one year 4 days ago Adeleye Awakan BETTING KENYA Nairobi introduces citywide gambling regulations 4 days ago Samuel KENYA NEWS Smartphone penetration fuels gambling in Kenya. 5 days ago Fahad Luyzburg BETTING WORLD NEWS Pronet Gaming unveils innovative sports betting widgets ahead of UEFA’s Euro 2020 5 days ago Iwo Bulski BETTING SOUTH AFRICA Hollywoodbets Announced Sponsorship for SA women League 6 days ago Adeleye Awakan BETTING UGANDA Fortebet unveils mighty Alex Muhangi as ambasador 6 days ago Szarlot BETTING SOUTH AFRICA Betfred purchases Betting World to crack South Africa 2 weeks ago Iwo Bulski CASINO KENYA Illegal gambling machines are returning to Meru, Kenya 2 weeks ago Iwo Bulski KENYA ONLINE Kenya shifts gambling market from credit cards to mobile transactions 2 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. This site uses Akismet to reduce spam. Learn how your comment data is processed.