BETTING GHANA SafariBet did not pay out the winnings and disappeared from Ghana 2 years ago Iwo Bulski Post Views: 430 It has emerged that one of the top betting companies operating in Ghana a few years ago, SafariBet Sports Betting, failed to pay a Ghanaian man who won Ghȼ57 million ($5 million) and later closed shop. Theophilus Morgan won the money in a high-stakes bet that involved top football games like the English Premier League, the Champion League, Italian Serie A and the Europa League. The story of how a Ghanaian man who won GH¢57 million through sports betting but could not receive his winnings has re-emerged. Theophilus Morgan won the huge bet by staking bets on top football games like the English Premier League, and the Champion League, among others Various attempts to get his money have failed as the company, SafariBet has even stopped operations in Ghana. According to a report on the incident by state-owned Daily Graphic on June 30, 2023, Morgan’s groundbreaking win of Ghȼ57 million was the result of extensive betting activities that spanned five days. The incident happened in 2018 and was covered extensively by YEN.com.gh, however, it re-emerged recently during a Regulatory Compliance Workshop held in Accra. SafariBet could not honour the huge payout After Morgan failed to get his winnings, he first filed a complaint with the Gaming Commission and later sought legal redress at the courts. The Gaming Commission did not help much at the time, so he filed a case at the court. At the Regulatory Compliance Workshop, the new Board Chairman of the Gaming Commission of Ghana, Gary Nimako Marfo, promised that the unfortunate incident won’t happen under this administration. He said steps have been put in place to prevent any gaming company from failing to make payouts or frustrating winners. 19-year-old boy bets GH¢10 to win GH¢900k Meanwhile, YEN.com.gh reported in a separate story that a 19-year-old boy reportedly won almost GH¢900,000 from sports betting, but the problem is that his father is not comfortable with it. The boy was said to have staked just about GH¢10 and was lucky to get the large amount, but his father said betting was wrong. In a story that has gone viral, the boy’s brother shared an anonymous message asking for advice on how to convince their father. Ghana government imposes new 10% tax on winnings from sports betting. Also, the government of Ghana has imposed a 10% tax on all earnings from sports betting and lotteries in the country. Many Ghanaians have vehemently disagreed with the new policy and have called for it to be abolished. Some have stated that lotteries, especially sports betting, have become a social nuisance among the youth and should be abolished. Source: YEN.com.gh 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: Ghana, SafariBet, Theophilus Morgan Continue Reading Previous Ronaldinho Launches iGaming PlatformNext SAFA bags new sponsor for Bafana Bafana More Stories BETTING NIGERIA Popular disciplines to predict sports betting in Africa 2 days ago Samuel EXPERTS GHANA Ghana’s Finance Minister moves to scrap betting tax in 2025 budget 2 days ago Samuel BETTING KENYA 64 Teams Ready to Kick off the Mozzart Bet Cup 2025 Season 2 days ago Samuel BETTING ETHIOPIA Betting Banned in Addis Ababa: Ethiopia’s Gambling Industry 2 days ago Samuel BETTING ETHIOPIA What Ethiopian Bettors Love to Bet On 7 days ago Samuel BETTING NIGERIA Teni Celebrates $50,000 Win 1 week ago Samuel BETTING ZAMBIA What sets the online betting market in Zambia apart 1 week ago Samuel BETTING UGANDA Jinja teacher wins big in fixed games betting 1 week ago Samuel BETTING KENYA Kakamega Homeboyz renew sponsorship deal with betting firm 1 week ago Szarlot BETTING WORLD NEWS European watchdog takes aim at online gambling, gaming among youths 2 weeks ago Szarlot BETTING NIGERIA Profitable sports betting: basic principles and key steps for accurate predictions 2 weeks ago Samuel BETTING KENYA Master Aviator and Aviatrix 2 weeks 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.