SportPesa which made an exit after a row with the government over stringent betting taxes that hugely weighed negatively on them stated on Friday that they had acquired a new licence and have resumed operations in the country.
SportPesa CEO Ronald Karauri made the announcement on social media, saying the company resumed operations under a new Betting Control and Licensing Board (BCLB) licence holder.
— Hon. Capt. Ronald Karauri (@KarauriR) October 30, 2020
The firm said Government’s decision to impose a 20 per cent tax on all betting stakes was damaging on both their customers and treasury.
SportPesa is delighted to resume operations in Kenya. Thank you for your support.
— SportPesa Kenya (@SportPesa) October 30, 2020
“SportPesa is disappointed with the decision by the Kenyan legislature to impose a 20 per cent excise tax on all betting stakes. The tax is based on a fundamental misunderstanding of how revenue generation works in the industry. These taxes have a damaging impact on our customers,” read a statement.