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Sportpesa takes another shot at tax appeal as it pulls plug on sponsorships - 3 Jan 2018 16:30

By: Cynthia Ilako @la ...

Sportpesa hangs on its last shred of hope as it prepares to appeal a High Court ruling that dismissed their bid to overturn the law raising tax on gambling.  CEO Ronald Karauri said SportPesa has had to take cautionary measures to reduce operational costs. The firm has since withdrawn full value of all its local sponsorships. “We went to court and unfortunately lost. Even though we are going to appeal, we cannot just wish that we will win. We have to take action now to ensure that we do not go into losses.” It is expected to go back to court this week. “We already lodged our appeal when the ruling was read and hope to file our papers this week.” Last week Sportpesa alongside Pambazuka National Lottery lost a case challenging the implementation of a 35 per cent tax on revenue at the High Court. Karauri said that sponsorships were ...
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