Sportpesa Fights Back<\/strong><\/h2>\nMeanwhile, the homegrown market leader Sportpesa, sponsor of EPL club Everton, took out a full-page advertisement in several domestic newspapers explaining its finances.<\/p>\n
It claimed that last year it collected around $193 million in revenues, made around $87 million in gross profit, and paid around $62 million in taxes. It also detailed its commitment to social responsibility programs and noted it had invested almost $12 million in grassroots soccer and rugby in Kenya, as well as in social and agricultural programs.<\/p>\n
But on Thursday, the Central Bank of Kenya weighed into the argument, calling on banks to halt transactions related to online betting services.<\/p>\n
\u201cThis is to bring to your attention that the Betting Control and Licensing Board) has not renewed the operating licences of certain bookmakers and lottery operators for the period July 1, 2019, to July 1, 2020. Please find attached the list of entities whose licences have not been renewed for your information,\u201d it said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Kenyan Interior Ministry has ordered 17 foreign directors of Kenyan-facing internet sports betting companies to be deported from the country immediately, the Associated Press reports. The move comes a week after the government effectively shut down Kenya\u2019s regulated online betting industry, giving some 12 million people 48 hours to withdraw funds from their accounts. […]<\/p>\n","protected":false},"author":36,"featured_media":109526,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[61,1074],"tags":[],"acf":[],"yoast_head":"\n
Kenya Orders Deportation of Foreign Sports Betting Company Execs<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n