BETTING KENYA Kenya – SportPesa halting operations due to a drastic hike in taxes 4 years ago Iwo Bulski Post Views: 573 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 Nolimit City Celebrates South Africa Debut 8 hours ago Samuel BETTING GR8 Tech enters long-term partnership with Mojabet 8 hours ago Szarlot BETTING KENYA Odibets unveils Sh5m sponsorship for Kenya Women 3X3 basketball team 2 days ago Szarlot EXPERTS KENYA Tappi expands services across Africa beyond Kenya and Nigeria 2 days ago Samuel KENYA ONLINE iGaming’s Global Growth: From Africa to North America 2 days ago Szarlot KENYA ONLINE Kenya’s Blockchain Association Makes Plea for Detained Binance Executives 2 days ago Samuel BETTING NIGERIA Seun Kuti criticizes Nigerian elites over youths sleeping in betting shops 3 days ago Samuel BETTING KENYA Kayole Matatu Driver Newest Millionaire in Town After Winning KSh 3.4m 6 days ago Samuel BETTING NIGERIA Reps to organise public hearing on age limit for betting 1 week ago Samuel BETTING NIGERIA BetKing Renews Commitment To Ikorodu City FC 1 week ago Szarlot EXPERTS KENYA The impact of Kenya’s Gambling Control Bill 1 week ago Samuel KENYA ONLINE Love For The Screens As African Gamers Hit 186 Million 1 week 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.