Tag Archives: AGOK

Crippled… Kenya Treasury hits bookmakers with blanket 50% tax charge

SBC News Crippled... Kenya Treasury hits bookmakers with blanket 50% tax charge

Kenyan betting and lottery operators are by far the ‘biggest losers’ of the 2017/18 Kenya National Budget presented by Treasury Secretary Henry Rotich. The worst nightmares of Kenyan betting industry stakeholders came to life, as Rotich and the National Alliance (TNA) government announced a ‘uniformed 50%’ industry revenue tax on all verticals, more than tripling current gambling tax charges of …

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Increased Kenya betting taxes may harm nation’s sports funding

SBC News Increased Kenya betting taxes may harm nation's sports funding

Kenyan betting industry and sports stakeholders have detailed concern about the potential rise in gambling and lottery taxes which could create negative business conditions and hinder effective tax revenues vital to the nation’s sports and social development programs. The restructuring of Kenya’s gambling laws have been a key mandate for the National Assembly which seeks to improve consumer provisions and …

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Kenyan operators urge congress to stop ‘industry killing’ gambling bill

SBC News Kenyan operators urge congress to stop 'industry killing' gambling bill

Kenyan betting stakeholders have warned the government that proposed laws drafted by MP Jakoyo Midiwo may end up stagnating the growing industry and killing off any potential tax revenues. Represented by industry body the Association of Gaming Operators of Kenya (AGOK), representatives have asked the National Assembly to halt Midiwo’s proposed National Gambling Bill, stating that its industry directives were deeply …

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