African bookmaker SportPesa manages to avoid confiscation

Gambling News and Lucky Stories

News has appeared in the Kenyan media that the person involved in the trial, the betting company SportPesa, managed to keep its financial assets and avoid confiscation. According to Business Daily, the Kenya Revenue Authority intended to freeze the bookmaker’s accounts. The dispute between KRA and SportPesa itself was resolved at the appeal stage of the meeting, which resulted in a decision that such enforcement measures from the tax service are impossible while withholding tax penalties. The bookmaker was issued a debt for unpaid taxes on winnings received during the reporting period of 2018, in the amount of just over fifteen million in dollar terms. After being notified by the KRA (Kenya Tax Authority), the bookmaker filed an appeal and the court sided with him. Recall, as My Lucky Story reported earlier, it was in 2018 that South Africa made decisions to tighten the rules for regulating gambling. Today, the online African gambling market is developing – the Cameroonian bookmaker Winnerbet will receive a new platform for betting in land-based and online formats.

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