Kenya’s gambling operators are facing yet another assault as the government prepares to roll out tougher laws to temper the local population’s enthusiasm for betting.
On Wednesday, Kenyan media published details on the government’s new Gaming Bill 2019, which aims to replace the current Betting, Lotteries and Gaming Act. The bill was released Tuesday by the National Assembly’s Sports, Culture and Tourism committee and will have its first reading in the Assembly next week.
Among the proposed bill’s 170 clauses is a requirement for Kenyan-licensed betting firms to post a Ksh100m (US$1m) deposit as a hedge against a company going into default or failing to pay out winning as promised.
Betting firms currently pay initial license fees of Ksh3m plus an additional Ksh500k per year. The new bill proposes boosting those annual fees to Ksh30m.