Gambling License Cost In Kenya
Posted : admin On 8/1/2022The Kenya government and gambling operators in the country have been at loggerheads for the last few months as the government believes casino operators are not complying with their regulations. One of the biggest factors that has upset the Kenyan government is that it was able to collect only in gaming taxes when casino operators made a combined total of Sh204 billion.
- Actual license fees differ, however, with the annual fee for an Interactive Gaming License set at $100,000 (US dollars) and the annual fee for an Interactive Wagering License set at $75,000. Oh, and there’s an additional annual licensing fee for either license set at $5,000.
- Pursuant to the Tier 3 Resurgence Mitigation Plan announced by Governor Pritzker on November 17, 2020, all licensed Illinois casino gambling and video gaming operations of all kind are suspended until further notice effective at the conclusion of the gaming day at 11:01pm on Thursday, November 19, 2020.
Meat License: Egg License: IFTA License: IRP Registration: Motor Carrier Permit: Transportation/Trucking License: Pesticide Dealer License: Fertilizer License: Commercial Feed License: Seed Dealer License: Nursery-Plant Dealer License: Amusement, Gambling, and Recreation Industries: Amusement Permit: Gaming/Gambling License: Health Club/Spa. You will need to pay an annual fee to ensure your operating licence remains valid. The amount can be found on the relevant licence page or for those with multiple licences you may want to use our fees calculator. In addition, Ksh100 million is required for the gambling license. This fee is specifically for online sports betting companies. Any betting company which is interested in starting business in Kenya is required to deposit Ksh200 million with the Betting Control and Licensing Board (BCLB),in addition, the company should provide proof of Ksh200.
Casino operators in Kenya were supposed to have their licenses renewed by July 1, 2019. However, that hasn’t happened as the Betting Control and Licensing Board (BCLB) decided to send a strong message by cancelling a number of licenses and deferring the renewal of some licenses indefinitely.
The tough stance taken by the BCLB has impacted will impact 19 casino operators who have had their licenses cancelled. The BCLB decided to indefinitely defer the licenses of 8 casino operators which will impact 6 lotteries and 13 casinos.
Betin which is one of the biggest casino operators in Kenya was one of those companies that had their license cancelled. The company has decided to take the legal route and see if it can get that decision overturned.
While the licenses of these casino operators have either been cancelled or deferred indefinitely, it hasn’t stopped them from continuing to offer services in Kenya which technically makes it an illegal operation.
The Kenyan government will continue to impose stringent measures to shake casino operators. The next move is a crackdown on the top management of these betting firms in the country. There are reports that the top bosses of these gambling firms will be asked to leave the country shortly.
Government Cites Problem Gambling
The government has chosen to place the emphasis on the growing concern of problem gambling numbers in the country for its tough stance. A recent GeoPoll survey shows that more than 40 percent of low income Kenyan gamblers do not have a job and another 27 percent are students.
Gambling License Cost In Kenya Government
Kenya is the third biggest betting market in Africa and is expected to generate as much as Sh500 billion by the end of 2020. The government stands to lose a lot if it closes its gambling industry as employment opportunities, tax revenue and foreign investment will be lost.
Casino operators in Kenya have so far not responded to the government’s reluctance to renew their licenses.
Gambling License Cost In Kenya Today
Carolyn is our legislation expert, with a background in law she is able to cover the current state of gambling around the world