Endorsed by Gambling911

Betting Control, Licensing Board Rejects Tax Proposal in Kenya Online Gambling Bill

Written by:

Guest

Published on:

Feb/19/2017

Betting Control, Licensing Board Rejects Tax Proposal in Kenya Online Gambling Bill

The Betting Control and Licensing Board in Kenya shot down a draft bill proposed to collect taxes on Internet gambling activity in that nation.

Known as the Betting, Lotteries and Gaming (Amendment) Bill, 2016, the draft law sought to introduce higher taxes and tougher regulations in order to prevent betting firms from evading taxes.

The legislation, introduced by Gem MP Jakoyo Midiwo, more specifically would have required gamblers to be taxed at 20 per cent.

“Withholding tax has already been tried and posed a challenge due to the nature of some of the gaming activities,” the Betting Control and Licensing Board noted. “The best way would be to make income from gambling above Sh100,000 taxable at normal rates and the onus be on the winner to declare the same, while the operators file the requisite documentation.”

Ronald Karuru, CEO of betting firm SportPesa and chairman of the Association of Gaming Operators – Kenya, believed the bill featured implications that Web gambling might help to fuel money laudering activities. Karuru insisted that the laundering of money was close to impossible with online gambling.

“Everything is online, transactions are with the bank and it is impossible to do any money laundering, especially with online gaming,” he stated.

- Aaron Goldstein, Gambling911.com

Gambling News

Before and After The Google March Core Update: 'Best Online Casino Bonuses'

Some affiliate site owners likely wanting to jump off a cliff. So who benefitted and who got crushed? You might be surprised.

DRF Bets Not Really Closing Ahead of Kentucky Derby

DRF Bets assured customers this week that their Iowa-only betting site will be up and running come the Kentucky Derby....but, yes, they did sort of send out a message they were closing too.

Are Self-Exclusions on Sportsbook Apps Leading to Multi Year Casino Bans?

In a shock tweet this week, a gentleman by the name of Kyle Cartwright is claiming that a friend partook in the much touted self-exclusion profess on various sportsbook apps....then this happened....

NY Post: Jake Paul vs. Mike Tyson Betting Line Sees Massive Movement at BetUS

Our long time friend Tim Williams of BetUS was recently interviewed by the New York Post in regard to the big line shift for the widely anticipated July 24 Jake Paul vs. Mike Tyson exhibition fight. So what gives?

Possible applications of AI in online casinos

Artificial intelligence (AI) has long since found its way into various industries, where it is permanently changing the way business is conducted. Online casinos in Germany are no exception. The use of AI technologies opens up numerous application possibilities that not only increase efficiency but also improve the gaming experience. This article presents the most fascinating applications of AI in online casinos.