Cabinet Secretary for the Ministry of Interior and Coordination of National Security Fred Matiang’i has today said that all betting companies’ licences stand cancelled effective July 1,2019 except for the companies which will have already paid their taxes fully.
The CS has added that no any single licence will be renewed for any company which will not have paid its taxes.
Matiang’i seemed annoyed by the increase in number of betting companies in the country.He said that these companies just take advantage of Kenyans adding that no any single country has ever developed as a result of gambling.
“76 percent of young people are actively involved in betting and 54 percent of those actively involved in betting are low-income earners,” Matiang’i said.
“I promise you some of you will be out of the business soon because we are going to effect a strict regime that requires order in the way in which we do business,” he warned betting companies on Monday.