Leading betting and gambling company Sportpesa has shut its operations in Kenya. This follows a protracted feud between the betting companies and the government. The tough conditions set by the government for renewal of their operations licences is what pushed the firm to close its local operations. Also facing same fate is Betin Kenya, another popular betting company.
Here is the presser from Sportpesa, released on Saturday September 28, 2019;
“Greetings! Regretfully, SportPesa has decided to halt operations in Kenya due to the decision by the Kenyan legislature to impose a 20% excise tax on all betting stakes.
Thank you for the support.”
It remains to be seen as what will be the fate of the other Betting companies whose Licences are yet to be renewed.
