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Gamblers given two days to withdraw money from betting platforms

Kevin NamunwaJul 12, 20191 Mins read829

Punters had discovered a betting site that did not charge them withholding tax but the government busted their little discovery. www.businesstoday.co.ke

Punters had discovered a betting site that did not charge them withholding tax but the government busted their little discovery. Photo/ FILE- Business Today

The government has given Kenyan gamblers a period of two days to withdraw all their money from all the betting firms that have been listed for closure.

According to Nation, a statement from the Betting Control and Licensing Board (BCLB), gave a 48-hour window for gamblers to withdraw their cash from their online wallets.

“This is to permit you to allow gamers of the subject firms to withdraw any funds they may have deposited in the material period within forty-eight hours from the date hereof and duly notify them of the same, quoting this letter as authority,” the statement from BCLB’s acting director, Liti Wambua, dated July 11, 2019 read in part.

[Read: Government orders telcos to withdraw betting firms’ pay bill numbers]

The government has been fighting betting firms in the recent past as it tries to curb the gambling vice in the country. A list of 27 companies which is basically all the betting companies operating in the country had their licenses withdrawn with the government claiming that they prove they have been tax compliant before acquiring new licenses. No firm has renewed its license so far.

In April, Interior CS Fred Matiang’i gave these firms until July to comply to all industrial regulation. Dr Matiang’i said that if the firms would not have complied to the regulations by July 1^st their licenses would be withdrawn. No firm seemed to have complied as the licenses were withdrawn on July 1^st.

Earlier this week, the government had ordered all the telecommunication companies in Kenya to withdraw the 27 betting firms’ pay bill number. Apparently banks were also asked to do them. Safaricom declined to take down the pay bill numbers on the grounds that there are pending court cases on the same.

The firms whose licenses have since been canceled include, SportPesa, Betin, Betway, Betpawa, Elitebet, PremierBet, Lucky2u, 1xBet, MozzartBet, Dafabet, World Sports Betting, Atari Gaming, Palms Bet, Betboss, Kick-Off, Atari, Millionaire Sports Bet, Palmsbet, Chezacash, Betyetu, Bungabet, Cysabet, Saharabet, Easibet, Easleighbet, Sportybet and AGB Lottery & Gaming.