Shocking tax increase for gambling operators in Kenya

20 Jun 2017

gambling kenyaBad news for Kenya’s gambling operators. After the legislative session among the president of the country, Uhuru Kenyatta and Kenyan lawmakers, the tax for gambling in the country will go up to 35% from 7.5%.

President Kenyatta, refused to sign the Finance Bill, as he had requested tax obligations to go up to 50%, however, the legislators denied that. Finally, a compromise was made at the rate of 35%.

This percentage has offered a middle ground solution, in order to avoid the Finance Bill's twist in the wind due to continued disagreement.

Kenya is considered to have one of the most mature and commercial gambling markets in Africa. According to industry experts though, these developments, will lead to new challenges for sports betting, gaming and lottery operators.

President Kenyatta and Treasury Secretary, Henry Rotich, the man who proposed the initial 50% tax law, persist on their view that the increased tax rate is the only way to "protect the exposed youth from the dangers of gambling".

iGaming experts are closely watching the consequences of the legislation changes and are already speculating on whether operators will continue to view Kenya as an attractive market under the new taxes.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

Kaizen Gaming has signed a deal with the website optimisation company LeanConvert to enhance its on-site player conversion and UX disciplines across i...

Read more »

Betfair introduced its sports betting exchange to the Italian market aiming at expanding its betting offering in the country. However, the Italian gov...

Read more »

Entain has made an offer to acquire the Baltic operator Enlabs putting on the table $341.6m. This offer means that Εntain (formerly known as GVC Holdi...

Read more »

The Malta Gaming Authority (MGA) is willing to appoint a new chief executive. In its job post, MGA stated that it’s looking for a “dynamic, passionate...

Read more »

William Hill has announced the acquisition of Alfabet S.A.S., a Colombian gambling operator. The globally known betting company William Hill stated th...

Read more »

Russia’s online bookies have received a postponement from the proposed regulatory changes; hoping that the government will change its mind regarding t...

Read more »

The ATP Tour has lifted the two-year ban on men’s tennis tournaments signing deals with sports betting operators. The ATP Tour reached the decision to...

Read more »

The Spanish minister of Consumer Affairs, Alberto Garzón, is about to start a public consultation on a new draft Royal Decree designed to make the cou...

Read more »

Skrill and Neteller have informed sportsbooks that they will not be processing online gambling payments in Norway anymore. Both e-wallets will stop ac...

Read more »

Swiss gambling regulators, the Eidgenössische Spielbankenkommission (ESBK) and the Swiss Lottery and Betting Board (Comlot) have blacklisted another 4...

Read more »

Latest Betting Offers