BETTING KENYA The government should work with the betting industry 6 days ago Iwo Bulski Post Views: 357 The government of Kenya through the Betting Control and Licensing Board (BCLB) has been keen to protect the public from the overstimulation of latent gambling by limitation of gambling opportunities and imposing tighter restrictions on advertising. This does not just end there, the regulator has imposed more scrutiny on the financial activities of the betting companies and their beneficial owners. Just recently, The Communication Authority (CA) gave out a warning to all players in the betting industry who have not renewed their licenses for the Financial year 2022-2023, that they risk being shut down. According to the government regulator, all betting companies in Kenya should obtain clearance from the Inter-Agency Security Team, Financial Reporting Center, Communications Authority, and Kenya Revenue Authority. Foreign gaming investors are also not left out of the regulator’s strict rules. While the regulation of the betting industry is necessary, the government should encourage partnership with genuine betting companies, after all the industry has its brighter side. The betting companies have over time proved to be a game changer by providing financial support to the sports teams and activities in the country, Gor Mahia and AFC leopards among the premier league teams have benefited a lot, not to mention the many CSR activities demonstrated in the grassroots levels. Foreign betting companies have also provided stability to the economy by creating job opportunities and paying annual subscription fees to the state. Let the government push for partnerships for the good of the larger public. 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: Betting Control and Licensing Board, Kenya, sportsbetting Continue Reading Previous The influencers paid to push hashtags More Stories KENYA ONLINE The influencers paid to push hashtags 6 days ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 1 week ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 1 week ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 1 week 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 2 weeks ago Samuel BETTING SOUTH AFRICA South African start-up wagers on peer-to-peer betting 2 weeks ago Szarlot BETTING GHANA Betway charts path in compliant sports betting with conferences 2 weeks ago Szarlot BETTING NIGERIA BetConstruct Takes Harmony to Africa 2 weeks ago Iwo Bulski BETTING KENYA Sportpesa’s nine lives in regulatory onslaugh 2 weeks ago Samuel BETTING Types of Basketball Bets 3 weeks ago Szarlot BETTING KENYA Kenya’s Gambling, Travel Sectors Top Target For Online Fraudsters 3 weeks ago Iwo Bulski 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.