KENYA LOTTERIES Kenya Market in Jeopardy; State-Run Lottery Favored 7 months ago Iwo Bulski Post Views: 403 A Kenyan report on possible constitutional changes in the nation has recommended private betting industry be shut down and replaced with a state-sponsored national lottery. With operators already getting pressed for taxation, the Kenya market regulation model may be crumbling The Report’s Conclusion Released November 27th by the The Building Bridges Initiative (BBI) , the report asserts that the private betting industry in the country “is leading to hopelessness and greater poverty.” Government Lottery Recommended The report calls for a government-run lottery to generate funds for activities that “uplift the youth, sports, culture and other social activities beneficial to citizens.” Report History The report has been in the making for over a year and a half, ever since leading national political rivals President Uhuru Kenyatta and Raila Odinga united on March 9, 2018 to embark on a joint study to to improve the lives of Kenyan citizens. The Study The BBI held participation forums across Kenya’s 47 counties to decide study topics. Over 7,000 Kenyans responded, including over 400 current or former politicians and 123 individuals “representing major institutions.” Private Operator Discontent It turns out that long-time private betting operators such as Sportpesa and Betin have been at odds with Kenyan authorities over taxes for quite some time. Tax Crisis The tension came to a head last July 1st, when Kenya gambling regulator Betting Control and Licensing Board (BCLB) refused to renew the licence applications of SportPesa and 26 other companies over unpaid taxes, due to failure to meet the Kenya Gaming Bill application of a 20% tax on winnings to both profit and original bettor stake. State and Sportpesa Clash This culminated in a state ordered block on banking services to the 27 companies, serving to prevent customers from making deposits, to which SportPesa responded by suspending all of its sport sponsorships in the country and threatening legal action. Grim Outlook With President Kenyatta subsequently encouraging legislators to introduce a nationwide gambling ban last August, prospects suddenly look bleak in Kenya, a rather stunning swing from one of Africa’s most developed markets. Source: onlinecasinoreports.com 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: Kenya, Kenya Gaming Bill, Lottery Continue Reading Previous Life after departure of top betting sitesNext Big acceleration for bookmakers in Kenya after a favorable court decision More Stories BETTING KENYA Kenya scraps controversial 20% tax on betting stakes 1 day ago Iwo Bulski BETTING KENYA Sports betting firms set for comeback 2 days ago Szarlot LOTTERIES NIGERIA The proliferation of football lottery in Nigeria and its social and spiritual consequences 3 days ago Samuel BETTING KENYA NEWS Kenya lawmakers vote to remove sports betting turnover tax 1 week ago Samuel EXPERTS KENYA Kenya’s central bank extends mobile payments relief by six months 1 week ago Samuel LOTTERIES SOUTH AFRICA Hijacked organisation gets millions in Lottery grants 1 week ago Iwo Bulski 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.