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Kenya urges gambling taxes review

George Miller

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Kenya urges gambling taxes review
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The parliament of the country has unveiled new plans to lower taxes for the legally operating online sports betting companies.

The Upper House of Kenya has decided to cut the proposed tax on lottery and betting winnings to 10 per cent and supported the option to lower gaming levies by more than half to 15 per cent.
As Business Daily Africa reported, the Finance and National Planning Committee has proposed a reduction of tax on winnings from the 20 per cent that the Treasury had presented to 10 per cent.

The Joseph Limo-chaired committee said in its report on the consideration of the Tax Laws (Amendment) Bill, 2018: “To be able to increase the tax base to also include winnings who form approximately 88 per cent of all the revenue generated from these activities and because this is the first time taxation is being introduced, the committee was of the view that 20 per cent is too high and hence the adoption of 10 per cent for both residents and non-residents.”
T

he committee was in favour of the Treasury’s proposal to reduce gaming tax from 35 per cent to 15 per cent. The move gives hope to companies that have opposed the new tax, which came into effect on January 1st.

 

Source: FocusGamingNews

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Africa

Sportingtech expands into African market closing the deal with 9jawin

George Miller

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Sportingtech expands into African market closing the deal with 9jawin
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Sportingtech, the gaming platform provider is about to expand its operations in the African market after closing the strategic deal with Nigerian brand 9jawin.

With its Pulse Platform and its powerful features, Sportingtech will help 9jawin achieve the objectives to become a gaming community to serve and support the well-established and passionate sports lovers in Nigeria.

Players in this territory will experience something brand new and innovative while providing them the opportunity to have the maximum level of entertainment, easier, faster and the best ways to bet.

With responsible gambling features implemented, a simple, fast and clean website, a variety of attractive promotions, 9jawin will provide its players with more fun than ever before.

Elvis Džombić, Head of Business Development at Sportingtech, expressed:
“We are extremely happy to support the promising projects like 9jawin in achieving their goals to become the leaders in Nigerian and later, in the African market. This is a great opportunity for us to showcase the power of our Pulse platform, both online and in retail. Entering the Nigerian market is a huge milestone. Our team is very dedicated to providing the best possible service and we will improve even more over time. The excellent platform in combination with highly skilled professionals guarantees success for our customers”.

Adekunle Adeniji, 9jawin CEO & Founder said:
“After years of almost unchallenged dominance of some sports betting companies In Nigeria, the industry needs a new Leader. We describe ourselves as a tech company. Why? Because we are innovators, our plan is to give the players the opportunity to have the right platform, easier and best way to bet. We’ll create the right tools for our agents. We have no interest in huge profits, therefore, we will create a room for different types of bonuses and very good commission to our agents. We will not encourage compulsive gambling. That’s why we have a feature that lets a player decide the amount he plans to spend every month. A simple, fast and clean website, easy to use features. A lower entry fee for bets and sign up bonus are part of the plans to make your betting experience more fun with us”.

 

About 9jawin:

9jawin was founded in 2018 by Adekunle Adeniji, a seasoned Gaming professional with more than 8 years of experience in the Nigeria gaming scene. 9jawin plans to operate from the Lagos, the country’s economic powerhouse. The company plans to spread rapidly both online and offline to the whole 36 states of the federation within 24 months after launch.  Email: info@9jawin.com

About Sportingtech:

Sportingtech is online and retail gaming and betting platform provider. Founded in 2017, it gathers a team with more than 10 years of experience in the gaming industry. Based in Malta, with operational offices in Portugal and Curacao, the company thrives to develop ground-breaking solutions for the Operators.

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Africa

NSoft strengthens partnership with NairaBet

Zoltan Tundik

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NSoft, the provider of premium quality solutions for the gaming and betting industry has confirmed the release of Lucky Six for NairaBet.

NSoft’s Lucky Six has been launched for NairaBet opening our customer’s offer to a world of fast-paced entertainment with numerous exciting betting options on both desktop, mobile and widget.

NSoft’s Lucky Six provides an adaptive and dynamic experience allowing players to immerse themselves in NSoft’s vibrant design and impeccable technology.

NSoft’s technology is delivered through a state-of-the-art platform providing compelling gaming solutions fully focused on ensuring the most realistic user experience possible.

NSoft is attending SiGMA 2018. Don’t miss out on the chance to find out more about NSoft’s products. To book a meeting with NSoft’s Sales Team please contact sales@nsoft.com.
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Africa

South African police arrest eight men for illegal gambling

Niji Ng

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South African police arrest eight men for illegal gambling
Photo source: abc7.com
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The South African police have arrested eight spaza shop owners for allegedly keeping 10 gambling machines on their shops. The police seised the machines as well. The police, on a tip-off, raided the shops in Temba, in Pretoria, and caught the shop owners, who were using the machines without the required licences.

Police spokeswoman Captain Sarah Lesabane said the illegal gambling machines were mostly operated by minors.

The shop owners were fined and later released. “They were charged with illegally operating gambling machines in their shops” said Lesabane.

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