KENYA RAISE GAMBLING TAXES

KENYA RAISE GAMBLING TAXES

Amid calls for tighter regulation.

Kenyan members of parliament reportedly approved an increase in betting taxes during a parliamentary session Tuesday.

Initial reports suggest stakeholders will be required to make a monthly payment to the Kenya Revenue Authority of:  7.5 percent from bookmakers, 5 percent from lotteries and 12 percent from casino operators on gross gaming revenue. 

The move comes amid a call from prominent Kenyan figures to regulate gambling in the country under a tax and license structure working hand-in-hand with consumer protection in terms of age restriction and responsible gambling measures.