Daily news

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    The Kenyan Tax Appeals Tribunal has ruled in favour of betting operators that challenged whether a controversial gambling tax should be levied on player winnings, rather than their original stakes.

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    SportPesa has announced that it has made its 453 Kenyan employees redundant after closing its operations in the country, as it urged the country’s authorities to repeal the 20% excise tax rate on all stakes that caused it to withdraw from the market.

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    Kenya’s largest betting operator SportPesa said it will halt operations in Kenya after the country’s parliament voted to increase a tax on betting stakes at 20% for the 2019-20 fiscal year.

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    The Kenyan National Assembly is considering a bill that would revamp the country’s regulatory framework for gambling, imposing significantly higher costs on licensed operators and establishing the country’s first national lottery.