Browsing: Tenlot Group

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.

“We see tremendous potential in Kenya. It is an exciting investment for us, as it is one of the world’s leading countries in the use of Mobile Wallet,” said Tenlot chief executive Yossi Abadi was quoted by UK media last week.

KCS has built a magnificent national gaming infrastructure, in a market with potential of US$500 million, which