BETTING KENYA Kenya – SportPesa is back with a new offer 3 years ago Iwo Bulski Post Views: 716 After a hiatus which was forced by the government, SportPesa, Kenya’s leading sports gambling organization, is back in business. The organization, along with several other gambling operators, were forced by the KRA (Kenya Revenue Authority) to cease operations. This move came after the Kenyan government went ahead to rewrite their tax related laws. This caused a massive problem for most of the operators as they had to start looking for or hundreds of millions of dollars. As luck would have it, the KRA has restored SportPesa’s license which permits the company to get back to business. The relaunch of business activities was released by SportPesa in a statement, explaining, “Sportpesa has been engaging stakeholders on the current licensing issue. Our sessions with regulators and government are targeted towards creating a better understanding of the gaming industry with the view of creating a shared perspective on related regulation, including tax administration. There has been notable progress in these sessions and we are pleased to announce that Kenya Revenue Authority has now cleared us to have our license renewed. SportPesa is confident that these processes will be completed soon allowing the company to resume full operations.” Recently, Kenya made changes to how its tax code was interpreted in relation to gambling. This meant that a 20% tax on the gross amount staked was to be paid, not on the amount won. Operators like Betway and SportPesa were shocked to see that their licenses were suspended by the Betting Control and Licensing Board. Betway was the first company to resume operations after it was determined by the KLA they were in full compliance with the law. In addition to SportPesa’s statement, they further added; “We recognize the support of our employees, customers, and key stakeholders in this process and will be communicating soon on when we will be commencing operations. As Sportpesa, we reaffirm our commitment to supporting the government’s economic development agenda by operating as a law-abiding business that is committed to tax compliance.” There’s a serious possibility that SportPesa realized they were fighting a battle they could not win, so they decided to give in. When issues with the government started, they took the case to court, but a judge ruled that they did not have enough grounds to claim injustice. For now, the operators believe the matter can be settled and it was time to resume operations. It’s not smooth sailing yet as all operators are still tentative as they’re awaiting a presidential directive which may either allow them to continue operations or ban them entirely. Source: news.tunf.com 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, renewed licence, SportPesa Continue Reading Previous Kenyan bookmakers are trying different solutions when licensing requirements become clearNext Kenya – Another Betway customer wins big More Stories BETTING GHANA Ghana: Gaming Commission Must Regulate Industry 17 hours ago Szarlot BETTING KENYA Kenyans spend over KSh 300b on bets, cigarettes and liquor yearly 18 hours ago Szarlot BETTING NIGERIA All About Cricket Betting 2 days ago Iwo Bulski EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 2 days ago Szarlot BETTING KENYA Kenyan government orders all operators to close for election day 2 days ago Iwo Bulski BETTING KENYA The government should work with the betting industry 1 week ago Iwo Bulski KENYA ONLINE The influencers paid to push hashtags 1 week ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 2 weeks ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 2 weeks ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 2 weeks ago Samuel BETTING KENYA Tanzania joins Kenya, Uganda tax squeeze on gamblers’ winnings 2 weeks ago Iwo Bulski BETTING HOT NEWS KENYA BCLB clears 11 betting companies to receive operating licenses 3 weeks 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.