Africa

How Kenya’s gambling tax hike could affect its economy

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In June 2017, Kenya’s president Uhuru Kenyatta signed into law a 35% tax on all gambling revenue from the country’s lotteries, betting operators, online sportsbooks, and similar. This rate is now one of the highest in the world, and is in addition to a 30% corporate tax operators must also pay. The new rate is a major increase from the …

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Betting on Football casts its eye over the sports betting world

sports betting

Betting on Football 2018, held at Stamford Bridge from 20-23 March, will demonstrate its international appeal by delivering updates around the biggest sports betting jurisdictions. Global Market Profiles, which takes place on the first full day of #bofcon2018 on Wednesday 21 March, is one of five main tracks at the event, which will feature a total of more than 40 …

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SportPesa CEO seeks open dialogue with Kenyan government

Following the termination of all SportPesa Kenyan sports sponsorships, Chief Executive Ronald Karauri has defended his firm’s position against MP backlash. Entering 2018, Karauri ordered SportPesa to suspend all active sports sponsorships in protest of the Kenyan TNA government’s blanket 35% tax hike on betting and lottery services. During 2017 High Court hearings, Karauri had previously warned the government that …

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Winning Post – Shake up in Sweden

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. Sweden: remote POC legislation – drafts or chess? The Swedish government has published a draft law to regulate gambling across channels, with an implementation date of 1 January 2019 (replacing the Lottery …

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Sekabet to receive Twelve40 integration

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Twleve40 has agreed a deal a deal with Sekabet, under which it will provide its collection of instant win titles. The lottery and instant win platform provider continues its commercial momentum, having penned similar such agreements with both Pariplay and VSoftCO in recent months. Andy Jarrett, Chief Executive Officer at Twelve40, said: “We are delighted to introduce our leading selection …

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BtoBet and Spinomenal become iGaming partners

Spinomenal, the cross platform games supplier, has become a partner of iGaming and sportsbook platform BtoBet, winners of Rising Star in Sports Betting Innovation at the SBC Awards 2017. Commenting on the partnership, Lior Shvartz, Spinomenal CEO, stated: “We constantly strive to reach the perfect balance of amazing graphics, fun game flow and easy access for worldwide clients. “Since its …

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SportPesa blackout hurts Kenyan Football funding

The Football Kenya Federation (FKF) faces a funding crisis as bookmaker SportPesa has terminated all Kenyan sports sponsorships, due to the government upholding its 35% blanket tax charge on betting and lottery services. This January, the Kenyan TNA government will move to implement its much protested 35% industry tax hike, which has been deemed as ‘unworkable’ by Kenya pro-betting stakeholders. …

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Editec chooses BtoBet to drive online growth in Africa

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Editec has chosen industry platform provider BtoBet as the technological partner to drive its collection of online brands towards sustained growth across Africa. The London-headquartered Editec, which operates under the brands of Premier Bet, SBA, Guinee Games, and R&S Betting, already holds a strong presence in several regions across the continent, along with an established retail estate and network of …

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IGT extends agreement with OPTIMA for award winning platform

Betfred

Major gaming distributor IGT has announced that it has signed an agreement with Optima Group for the licensing, support, and development of IGT’s sports betting platform in all international regions outside of Italy, the United States, and Canada. As part of the agreement, signed on 15 December, IGT is licensing its Sports Betting platform to Optima, enabling it to provide …

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Vermantia teams with ARC for Nigeria expansion

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Omni-channel content solutions supplier Vermantia has teamed with ARC, the largest racecourse group in the UK, as it looks to launch the first Live Greyhound Racing Channel in Africa with YangaBet, a fast-growing Nigerian betting operator. The channel will include a compact daily schedule of top quality greyhound racing, from fully accredited UK and Australian tracks, enabling betting on at least …

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