Kenyan government reduces odds of betting company with new bill

The maximum amount one can wager has been increased to Sh50,000 from Sh1.

The government has rolled out a new set of measures to deal with gambling, this time targeting the slot machine investors with punitive fines against those in breach.

Under proposed changes to the Betting, Lotteries and Gaming Act, county governments will also now have a say in the establishment of gambling firms in their areas.

“No licence shall be issued under this Act unless the board has sent a copy of the application for the licence to the county government within whose area of jurisdiction the applicant proposes to conduct his business and has given the county government reasonable opportunity to object to, or make recommendations with respect to the application.”  It states.

The proposals which have been sponsored by National Assembly Majority Leader Aden Duale via the Statute Law (Miscellaneous Amendments) Bill has already been taken through the First Reading.

Should the bill become law, security deposit for a firm seeking a gambling licence will be Sh20 million ($200,000) up from Sh40,000 ($400).

Illegal use of the machines will earn a penalty of Sh2 million ($20,000)or a maximum two-year jail term up from Sh5000 ($50).

The penalty for street gaming has also been increased from Sh3,000 ($30)  to Sh100,000 ($1000) or imprisonment for one year, or both.

The maximum amount one can wager has been increased to Sh50,000 ($500) from Sh1.

Kenya has been struggling to contain spread of gambling and has tried to initiate several laws to contain the vice in the past without success.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Zuchu forced to apologize to fans after viral video raised eyebrows

Zuchu forced to apologize to fans after viral video raised eyebrows

Willy Paul wins against Diana Marua in court

Willy Paul wins against Diana Marua in court

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi