Odibets, Mozzartbet among 10 betting firms cleared by State

Odibets, Mozzartbet among 10 betting firms cleared by State
The CS has insisted that renewals are subject to proof of tax compliance

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Betting firms have been on the spot in the recent months after Government crackdown led by Interior CS Fred Matiang’i over tax compliance.

Matiang’i had announced that they would do security vetting on their operations and directors in Kenya before renewing the licenses of the betting firms.

On April, the CS vowed to introduce tough measures to regulate betting sector, which he accused of leading youth astray.

The CS gave all firms three months up to July 1 to seek fresh renewal of licenses upon proving tax compliance.

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Following the deadline, the State shutdown the pay bills of the betting firms in radical measures to ensure they toe the line to the new regulations.

Despite the companies moving to court and public outcry even including some leaders, only licenses of about 10 companies were renewed which were deemed to be tax compliant by Kenya Revenue Authority (KRA).

Odibets deemed as one of the fastest-growing in the country,  is among those cleared by the Government for operations. It has further implemented the 20% withholding tax on their winnings.

However, the State has declined to renew the licenses of betting giants Sportpesa and Betin, whose fate still remains unknown.

Other firms cleared are Eazi Bet, Ken Bookmakers, Eastleighbet, Mozzartbet, Lucky 2u, Palms Bet, Bet boss, Kick off and Easi bet.

 

 

 

 

 

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