The spotlight on betting companies is not dimming just yet. This is due to a drawn out dispute with the Kenyan Government on the revision of taxes due and owed. As such the government is yet to renew business licenses on most betting companies.
However, a lucky pack of 7 firms have managed to have their business licenses renewed. This is the list of companies that have secured the elusive green light to operate:
The Kenya Government has zeroed in on the industry with reports of most firms failing to prove that they were tax compliant as required by the Betting Control and Licensing Board (BCLB). Subsequently, a multi-agency team was constituted to probe the betting and gaming companies.
The most damning of the findings of the Board during the vetting is that the companies made a cumulative amount of Ksh.204 billion last year, but paid a partly Ksh. 4 billion in taxes. The crackdown on the firms also brings a threat to their senior non-Kenyan managers – who risks possible deportation.
November 11, 2019