Blow to the sports fraternity as betting firm Sportpesa terminates sponsorship of all local sports
2 months ago, 2 Jan 14:17
Sports betting firm Sportpesa has ended all local sports sponsorship. The company took the measure after the government imposed a 35 per cent tax on all gambling revenues. Sportpesa challenged the imposition at the High Court but lost the case Giant betting firm Sportpesa has ended sponsorship of all local sports with immediate effect. The company took the drastic decision after the Kenyan government imposed a 35 per cent tax rate on betting, lotteries and gaming activities. The law was initiall ...
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