With very few rules and no welfare or research similar frameworks sponsored by industry limitations of the UK problem gambling seriously seems to have become entrenched Among Young Kenyans, who are gambling and losing far more away than elsewhere in sub-Saharan Africa.
Matiang Xian, which finally proposed new regulations in May, said $ 2 billion was gambled annually in Kenya. Mostly, low-income people and 500,000 young people failed to repay the funds.
SportPesa was one of the few gambling companies in Kenya whose license was suspended. This was because of reported concerns about non-compliance, although SportPesa said it has complied and continued operates on court orders
Gamblers in Nairobi can use their phones to access the SportPesa or website
Well-placed sources told undiscovered Finance investigation website SportPesa made more than $ 1 billion in revenue in a year in Kenya. However, the company made no revenue or profit in South African or the UK.
SportPesa has a registered UK company, SportPesa Global Holdings. Established in March 2017, the company claims its shareholders and accounts. However, the brand structure means gambling revenue in You are not accepted by that company.
Guerassim Nikolov, Bulgaria’s largest holding company, Guerassim Nikolov, a casino owner, moved to Nairobi in 1999 from Sofia, where he ran a casino, and he founded SportPesa in 2014.
Described as the group’s chief executive officer, Nikolov completely denied claims made in the Bulgarian media in 2006 that he left the country after being questioned by police in connection with a criminal case.
Mr. Nikolov has an inactive interest in the casino (i.e. he is not involved in their day-to-day operations). Mr. Nikolov has passed regulators’ familiar client checks in some jurisdictions including some of the most stringent in the world.
Kenya’s largest shareholder is Asenath Wacera, his late husband, Dickson Wathika, the mayor of Nairobi and a longtime friend of the country, Uhuru Kenyatta.
The President of Kenya, Uhuru Kenyatta
Kenyan President Uhuru Kenyatta has reversed his pledge to tax gambling by 35%
In June 2017, Kenyatta reversed its commitment to taxing 35% on gambling. This was to finance sports, arts, and global wellness after endlessly campaigning by SportPesa and gambling companies. other. Instead, after the re-election in November 2017, the president introduced a 15% rate. Meanwhile, he imposed a 20% tax on individual winnings, explaining it is a benefit to enhance the merits and fair.