BETTING KENYA Kenya – SportPesa halting operations due to a drastic hike in taxes 5 years ago Iwo Bulski Post Views: 620 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 KENYA ONLINE How crypto betting is changing Africa’s gaming scene 1 day ago Samuel BETTING GHANA The Rise of Live Mobile Sports Betting in Africa 1 day ago Samuel BETTING GHANA Betpawa to invest 1.3 million cedis in “Locker Room Bonuses” 3 days ago Szarlot BETTING SOUTH AFRICA Premier Soccer League doubles down on responsible betting 3 days ago Szarlot BETTING SOUTH AFRICA Hollywoodbets Brings Cricket Into All SA Living Rooms 3 days ago Samuel BETTING HOT NEWS NIGERIA Nigeria’s sports betting boom: The $2 billion industry shaping the economy 3 days ago Szarlot BETTING TANZANIA EveryMatrix secures largest African turnkey deal with MBet 6 days ago Szarlot BETTING SOUTH AFRICA Betway Joins Forces with PSL to Champion Safer Gambling in South Africa 6 days ago Szarlot BETTING KENYA African Nations Shaping the Continental Sports Wagering Scene 1 week ago Szarlot BETTING KENYA Gambling firm appeals against order banning use of speed dial features 1 week ago Samuel BETTING NIGERIA How Tips180 Is Changing The Prediction Game 1 week ago Samuel BETTING KENYA Sunbet Sporting Site Set To Disrupt Africa’s Betting Industry 1 week 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.