SportPesa Directed To Reapply For License To Be Allowed To Operate

By Wilkister Alao / September 20, 2019



sportpesa

The Betting Control and Licensing Board (BCLB) has now issued orders that the betting company, SportPesa does fresh application for a license.

The betting companies regulator’s director, Peter Mbugi had on Thursday, September 18thsaid that SportPesa must ensure the reapplication is done for the board to determine whether or not it will give the betting company a nod to resume its business.

Mr. Mbugi said that other such companies have been given the same directive and can only render their services after duly complying with the regulator’s requirements.

“SportPesa must reapply for a business license just like the other gaming firms and operators. We will have the reapplication scrutinized then make a decision as to whether the firm can continue with operations. This is what has happened to other firms,” said Mr. Mbugi.

SportPesa was among the 27 betting and gaming firms whose permits were not renewed as they were waiting for clearance on their suitability to perform.

SportPesa also had a row with the Kenya Revenue Authority (KRA) over tax compliance which had further delayed the firm from getting its betting permit.

The betting company has however said that it has finally reached a ceasefire with the revenue collection authority and is looking forward to resuming operation once it is cleared by the regulating board.

The taxman had earlier in June 2019 accused SportPesa and its rival betting company Betin, of failing to comply with the tax demands and had taken action against the 200 billion betting sector.

During the period of betting firms closure, the taxman demanded that Safaricom pays 5.29 billion shillings, as withholding tax arrears from Betin and a further payment of 3.29 billion shillings as withholding tax arrears due from Sportpesa.

While SportPesa CEO had earlier confirmed that the firm had settled all the issues it had with the taxman and was positive that it would come back to business after being cleared by the regulating board BCLB, he has recently evaded the question on reapplication of license and the development of the inquiry that was to determine the firm’s suitability of operations.

Records from SportPesa show that in 2017, the firm paid a total of 3.63 billion shillings which increased to 6.29 billion shillings in 2018.





More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (251)
  • July 2019 (339)
  • August 2019 (293)
  • September 2019 (307)
  • October 2019 (134)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (248)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (108)
  • May 2015 (116)
  • June 2015 (120)
  • July 2015 (148)
  • August 2015 (157)
  • September 2015 (188)
  • October 2015 (169)
  • November 2015 (174)
  • December 2015 (207)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950