BETTING KENYA Kenya – How gambling giant SportPesa made waves in Africa 5 years ago Samuel Post Views: 1,025 Founded in Nairobi as a partnership of wealthy, politically influential Kenyans with Bulgarian investors, SportPesa mined its huge fortune exploiting an online gambling craze in the east African country. Kenya’s interior minister, Fred Matiang’i, warned recently of rising addiction and suicides, adding that gambling will “destroy the moral fabric” without strengthened regulation. Barely heard of in Britain until it launched a spree of Premier League club sponsorships in 2016, the online gambling platform SportPesa has since spread its name across football, rugby, horseracing and Formula One, associating its branding with good works in Africa. At Everton, where SportPesa is the main sponsor, its name is prominent all over Goodison Park, the club have been in Kenya for a pre-season tour, and they promote SportPesa’s “Kits for Africa” initiative, with a donation bin in the club store. Everton’s chief executive, Denise Barrett-Baxendale, wrote in the club’s annual report: “We value our developing relationship with SportPesa, who have demonstrated a strong alignment with our values. A spokesperson for Everton, who describe themselves as “the people’s club” – said Barrett-Baxendale was referring to the sponsor’s support for the club’s extensive community work, which she herself pioneered in the deprived areas around Goodison Park. In the UK, while SportPesa has promoted its brand through the Everton sponsorship and partnerships with Arsenal, Southampton and Hull City, it makes use of the “white label” system, allied to a company, TGP Europe, registered offshore in the Isle of Man, a tax haven. This structure, permitted by the UK government, means SportPesa does not require a licence from the Gambling Commission, UK bets are paid to the Isle of Man, and no SportPesa company appears to pay UK corporation tax on those revenues, nor contribute to UK gambling welfare programmes. Full article you read HERE 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: Kenya, SportPesa Continue Reading Previous Kenya – the gambling dilemaNext Online gambling on European football More Stories BETTING SOUTH AFRICA Navigating the vibrant world of online sports betting in Africa 1 day ago Szarlot BETTING KENYA Odibets Champions Community Development with CSR Initiative in Nandi County 1 day ago Samuel BETTING NIGERIA No Plan To Ban Sports Betting In Nigeria — Lawmaker 3 days ago Samuel BETTING WORLD NEWS Sports betting regulations and licensing around the world 3 days ago Szarlot BETTING NIGERIA BetKing’s 6th Anniversary Marked by Epic Football Showcase 3 days ago Samuel EXPERTS KENYA Kenya Cracks Down On Crypto To Avoid Financial Blacklist 4 days ago Samuel ANGOLA BETTING Exploring the vibrant tapestry of sports betting in Angola 4 days ago Samuel BETTING UGANDA Fortebet Uganda: Revolutionizing the Betting Experience 4 days ago Szarlot EXPERTS KENYA Betting Board Launches Renewed Campaign On Illegal Gambling Dens 5 days ago Szarlot BETTING KENYA Betting Regulator Enforces Court Order Against Speed Dial Feature On Internet Browsers 5 days ago Samuel BETTING GHANA Sports betting operators support communities affected by dam spillage 5 days ago Samuel BETTING SOUTH AFRICA Understanding Correct Score Betting Meaning 5 days 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.