The tax made the business unattractive for most operators, a move that forced the Betting Control and Licensing Board to suspend the permits of Kenyan-based bookmakers. By VICTOR RABALLA More by this AuthorThe taxman is eyeing millions of shillings in revenue lost through offshore betting sites even as gambling operators peg their hopes on the recent scrapping of a controversial tax to make a comeback. The tax made the business unattractive for most operators, a move that forced the Betting Control and Licensing Board (BCLB) to suspend the permits of Kenyan-based bookmakers. Much of what is held by the industry players are individual investments of players or punters. It wanted the turnover tax reduced to 15 per cent but MPs resolved to withdraw it altogether.

Source: Daily Nation July 12, 2020 07:30 UTC