BETTING KENYA The government should work with the betting industry 2 years ago Iwo Bulski Post Views: 1,989 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 hashtagsNext Kenyan government orders all operators to close for election day More Stories BETTING BURUNDI 1xBet supported women with albinism in Burundi 4 days ago Tools BETTING NIGERIA PalmPay And BetKing Promote Responsible Gaming In Nigeria 4 days ago Samuel BETTING SIERRA LEONE Sierra Leone welcomes betPawa 4 days ago Samuel BETTING GHANA The captivating world of sports betting in Africa 5 days ago Samuel BETTING IVORY COAST FL Entertainment eyes further African growth after revenue jump 6 days ago Samuel BETTING NIGERIA Should sports betting be banned or regulated? 1 week ago Szarlot BETTING SENEGAL GR8 Tech partners with Mojabet 1 week ago Samuel BETTING NIGERIA Bet9ja Breaks Silence After Nigerian Man Wins N110 Million 1 week ago Samuel BETTING GHANA New gaming firm Odibets enters Ghana’s betting market 1 week ago Szarlot EXPERTS HOT NEWS KENYA Understanding Responsible Gambling 1 week ago Samuel BETTING KENYA Kiron Interactive and Betika’s Kiron.Lite partnership 2 weeks ago Samuel ANGOLA BETTING Melbet Angola — Leader in The World of Sports Betting 2 weeks ago Samuel 1 thought on “The government should work with the betting industry” Hi, I would like to be a subscriber to these notifications within the industry. Melissa Reply 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.