BETTING KENYA Kenya – SportPesa halting operations due to a drastic hike in taxes 4 years ago Iwo Bulski Post Views: 569 Online sports betting companies such as SportPesa have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports, with the government saying the gaming industry achieved a combined revenue of 204 billion shillings ($2 billion) last year. That sparked government concern about the social impact of betting, and in May Kenya introduced new gambling regulations, including a ban on advertising outdoors and on social media. This week, parliament voted an amended proposal raising the excise duty proposed in the 2019/20 (July-June) budget on the amount wagered at the time a bet is placed on all betting platforms to 20% from an initial 10%. SportPesa said it was “disappointed” by the move and that it would stop its operations until a “non-hostile regulatory environment” returned. Newspapers Daily Nation and Standard reported that a second firm, Betin Kenya, had also ended its operations, citing the heavy taxation as the main reason. The company could not be immediately reached for comment. Source: Reuters 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: Kenya, SportPesa, sports betting Continue Reading Previous After leaving Kenya, Sportpesa remains in 5 marketsNext The future of betting in Kenya More Stories BETTING NIGERIA No Plan To Ban Sports Betting In Nigeria — Lawmaker 2 days ago Samuel BETTING WORLD NEWS Sports betting regulations and licensing around the world 2 days ago Szarlot BETTING NIGERIA BetKing’s 6th Anniversary Marked by Epic Football Showcase 2 days ago Samuel EXPERTS KENYA Kenya Cracks Down On Crypto To Avoid Financial Blacklist 3 days ago Samuel ANGOLA BETTING Exploring the vibrant tapestry of sports betting in Angola 3 days ago Samuel BETTING UGANDA Fortebet Uganda: Revolutionizing the Betting Experience 3 days ago Szarlot EXPERTS KENYA Betting Board Launches Renewed Campaign On Illegal Gambling Dens 4 days ago Szarlot BETTING KENYA Betting Regulator Enforces Court Order Against Speed Dial Feature On Internet Browsers 4 days ago Samuel BETTING GHANA Sports betting operators support communities affected by dam spillage 4 days ago Samuel BETTING SOUTH AFRICA Understanding Correct Score Betting Meaning 4 days ago Szarlot BETTING NIGERIA The Rising Contribution of Online Betting to Nigeria’s GDP 7 days ago Samuel KENYA ONLINE Kenya To Introduce Cryptocurrency Regulation 7 days 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.