KCS has built a magnificent national gaming infrastructure, in a market with potential of US$500 million, which
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Browsing: Betting in Kenya
International lottery and gaming operator Tenlot Group has acquired an 85 per cent stake in Kenya Charity Sweepstake (KSC), the country’s oldest public lottery. KSC was established in Kenya in 1966 with the aim of helping to alleviate poverty and to provide financial support to social causes.
The acquisition is meant to take advantage of a growing gaming culture in Kenya that has blossomed in the last five years. The country has seen the entry of international betting companies leading to the government coming up with tough measures to rein on them.
Kenya has moved to rein in betting companies in what has been described as an ‘increasing political opposition into the industry as a whole.’
The industry has been thriving in the country until the government in late 2017 embarked on different measures to control gambling.
Top on the onslaught has been Kenya Revenue Authority, Cabinet Secretary of Interior Dr Fred Matiang’i and Betting Control and Licensing Board (BCLB) which has either objected in the manner betting companies were operating or complained of tax evasion.
Dr Matiang’i made good his threat to deport foreign operatives of these betting companies by signing deportation letters of 17 workers of different companies on charges of working in Kenya illegally as well as evading taxes.
He said betting companies owe KRA huge sums of money in revenue and their presence in Kenya was making the situation worse.
“Poignantly, attempts to recover this amount have not …