BETTING UGANDA Uganda: BungaBet makes betting simpler 3 years ago Iwo Bulski Post Views: 1,192 BungaBet, a fast-rising Ugandan betting firm, has introduced a simple way of placing your betting odds using any mobile handsets. Online or mobile betting has been out of reach of many people since they needed smartphones and internet to play. However, BungaBet has made it much easier, with a code that can be used to place odds, as well as deposit and withdraw money. Speaking to Mr Prosper Tuhaise, at the company’s head office, the chief executive officer of the firm said, *238# is a simpler way to play without spending more money on the game. He, however cautioned people that betting, should be above 25 years old. Mr Tuhaise, a strong proponent for responsible betting and gaming, saying, they are complying with all requirement of theLotteries and Gaming Regulatory Board, agovernment body that is mandated to regulate the gaming industry through licensing and monitoring the management, establishment and operation ofgaming,betting and lotteriesin Uganda. Asked about what betting companies should do to be more responsive to the needs of the Ugandan community, Mr Tuhaise said, betting companies should know that they are involved in business that needs regulation, internal and external. He said, for that purpose, they try to show the human side of their company by doing community service. BungaBet, one of the youngest betting firms, is already paying for school fees of about 100 students, it sponsors the feeding of the Crested Cranes at the Entebbe Zoo also known as the Uganda Wildlife Education Centre. In the recent past, they have donated to hospitals such as Nshwere and Bukiro health centres as well as Kawaala orphanage school. Last month, BungaBet has also entered into sponsorships for motor rally. Betting companies have been under scrutiny especially by the ministry of finance, who believe, a ceiling should be put on foreign betting companies to take out a lot of money from the country without investing here. Foreign betting companies have also crossed the line, butting their booths in as far as villages where people live on less than a dollar a day. There is therefore a move to restrict their area of operations as well as how much they take which leads to shortage of foreign currencies in the country. Source: wathdoguganda.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: Bunga Bet, mobile money, Uganda Continue Reading Previous Kenya – SportPesa to cut club sponsorship after KRA truceNext Kenyan bookmakers are trying different solutions when licensing requirements become clear More Stories BETTING NIGERIA All About Cricket Betting 13 hours ago Iwo Bulski BETTING KENYA Kenyan government orders all operators to close for election day 14 hours ago Iwo Bulski BETTING KENYA The government should work with the betting industry 1 week ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 1 week ago Iwo Bulski 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 3 weeks ago Iwo Bulski BETTING KENYA Sportpesa’s nine lives in regulatory onslaugh 3 weeks ago Samuel BETTING Types of Basketball Bets 3 weeks ago Szarlot EXPERTS UGANDA NETBALL: The search for $ 36 billion starts with fundraising 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.