BETTING KENYA SportPesa CEO Ronald Karauri to run for Kasarani MP seat 12 months ago Iwo Bulski Post Views: 536 Ronald Karauri, the Chief Executive Officer of SportPesa betting company, has declared interest in the Kasarani parliamentary seat. In a brief text message to The Standard on Wednesday, February 9, Karauri said he will seek to unseat Mercy Gakuya in the August 9, 2022 General Election. Karauri, 44, remained mum on which party he is seeking to contest on. “I will decide on the party later,” – he said. The SportPesa boss has undergone a turbulent two-year period at the helm of the embattled betting firm, after the Government, in October 2020, revoked the company’s operating license over a Sh14.9 billion tax dispute. SportPesa’s parent company, Pevans East Africa Limited, has since ceased operations in the country. SportPesa’s subsequent attempts to bounce back to business, through court processes, were blocked. Karauri and other SportPesa shareholders were, consequently, forced to look for other ways of re-entering the lucrative Kenyan market. The firm approached newly-registered betting company, Milestone Games Limited, which onboarded SportPesa in December 2020 under its operating license. The government’s attempts to revoke Milestone Games Limited’s license have been met with opposition, and a barrage of court countersuits by SportPesa. At its peak, SportPesa was making tens of millions of shillings daily, prompting the government to dig in its tax books. At the same time, the Interior Cabinet Secretary Fred Matiang’i expressed concern at the rise of stress levels among the youth who had lost funds in betting. In an interview with The Standard four years ago, Karauri said the number of people who were affected by bet losses were fewer compared to those who were benefiting from gambling. “It is your imagination [that betting has destroyed careers and broken families]. It could be one or two cases, but I have not come across these ‘problems’ that people are trying to create. Most of the stories are speculative and cannot be verified. Besides, in a society, some people will always misbehave. It is important to exercise responsibility,” – added Karauri. Source: standardmedia.co.ke 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: Karauri, Milestone Games Limited, Pevans, SportPesa Continue Reading Previous Sportpesa boss Karauri bets on dirty game of politicsNext Carry your wives along when betting, says BetKing AFKON winner More Stories KENYA ONLINE Leading Africa’s casino GamePawa launches in Kenya 5 hours ago Szarlot BETTING KENYA Court orders gambling firm to pay former staff Sh12m in terminal dues 6 hours ago Samuel BETTING SOUTH AFRICA Kambi Group to Continue Supplying SunBet with Solutions 9 hours ago Samuel BETTING GHANA Betway extends sponsorship for Ghana Women’s Premier League 9 hours ago Samuel BETTING WORLD NEWS LeoVegas Group launches new global partnership with Inter 9 hours ago Iwo Bulski BETTING KENYA Ndungú’s stake in Sportpesa firm risks seizure without pay 1 day ago Szarlot BETTING NIGERIA Parimatch Tech evolves into GR8 Tech 1 day ago Szarlot CASINO KENYA Illicit brew, counterfeit goods retrieved in a nationwide police crackdown 1 day ago Samuel BETTING SOUTH AFRICA SIS, Kiron Interactive in Africa partnership 4 days ago Szarlot BETTING UGANDA Melbet online betting is a stable source of income 4 days ago Szarlot BETTING WORLD NEWS Bookmaker 1xBet denies problems with license and connection with Russia 4 days ago Samuel EXPERTS KENYA Gamblers Rejoice As Court Scraps Nairobi Law 4 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.