HERE’S WHY BETTING FIRM SPORTPESA,19 OTHERS FACE CLOSURE
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HERE’S WHY BETTING FIRM SPORTPESA,19 OTHERS FACE CLOSURE

Jul 11, 2019 | Fatimah Senait

Betting Firm Sportpesa together with 19 others are on the verge s shutting down business in the country after the Betting and Licensing Board declined to renew their operating license.

The gambling and betting company has been denied an operating license after a Committee constituted with probing their operations declined to give a go-ahead with the license renewal.

The firms, which include 13 casinos, 6 lotteries and betting companies such as Betin, Betway, 1*Bet, Mozzart Bet, Dafa Bet, Atari Gaming, Palms Bet, Bet Boss, Bet Pawa, Worlds Sports Betting, and Lucky2u Betting sites were denied operating licenses after they failed to prove to the Betting Control and Licensing Board that they were tax compliant.

The crackdown on these betting sites has also exposed foreign managers of the companies who have been operating in the country and now they risk being deported.

According to a report by the Betting Control and Licensing Board, all the 19 companies made an accumulative 204 Billion in the previous year (2018) but only paid 4 Billion shillings in taxes.

All Betting licenses were suspended as from 1st July 2019 following a decree by Interior CS Fred Matiang’i, earlier in April during stakeholders meeting between himself and the Betting sites representatives.

Matiang’i has also ordered Mobile Money Transfer services to shut down all the above named Betting firms’& casinos’ Paybill and Till numbers until the licenses are renewed.

Sportpesa has however denied claims of tax evasion, claiming that the firm is a law-abiding corporation and that the accounts of clients will remain safe as they seek to solve the matter with the government.

Since last year, there has also been a crackdown on casinos in the country in the recent past with coin boxes being destroyed.

Betin Firm has however gone to court seeking to get their license renewed and the matter is still underway.

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