Kenya : CS Henry Rotich keen to increase tax on sport betting - News Summed Up

Kenya : CS Henry Rotich keen to increase tax on sport betting


This is despite the new levies that have done little to slow down the unanticipated growth in sport betting. Apart from the dozens of new millionaires that sport betting has created in the last year, many more gamers have lost out to betting. Updated Wed, June 8th 2016 at 11:36 GMT +3When Treasury Cabinet Secretary Henry Rotich hinted he would reintroduce gaming tax, betting was far from the phenomenon it is today. However, in the whole betting, Safaricom has emerged as a surprise beneficiary. In a recent interview, Safaricom boss Bob Collymore said sport betting was the most significant revenue stream in the reported earnings from MPesa.


Source: Standard Digital June 08, 2016 08:37 UTC



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