BETTING KENYA Kenya – SportPesa halting operations due to a drastic hike in taxes 3 years ago Iwo Bulski Post Views: 475 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 SOUTH AFRICA 4Racing host the inaugural Championship season at Turffontein 29 mins ago Samuel KENYA ONLINE Leading Africa’s casino GamePawa launches in Kenya 21 hours ago Szarlot BETTING KENYA Court orders gambling firm to pay former staff Sh12m in terminal dues 22 hours ago Samuel BETTING SOUTH AFRICA Kambi Group to Continue Supplying SunBet with Solutions 1 day ago Samuel BETTING GHANA Betway extends sponsorship for Ghana Women’s Premier League 1 day ago Samuel BETTING WORLD NEWS LeoVegas Group launches new global partnership with Inter 1 day ago Iwo Bulski BETTING KENYA Ndungú’s stake in Sportpesa firm risks seizure without pay 2 days ago Szarlot BETTING NIGERIA Parimatch Tech evolves into GR8 Tech 2 days ago Szarlot CASINO KENYA Illicit brew, counterfeit goods retrieved in a nationwide police crackdown 2 days ago Samuel BETTING SOUTH AFRICA SIS, Kiron Interactive in Africa partnership 5 days ago Szarlot BETTING UGANDA Melbet online betting is a stable source of income 5 days ago Szarlot BETTING WORLD NEWS Bookmaker 1xBet denies problems with license and connection with Russia 5 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.