Sportpesa Bounces Back as Regulatory Authority Gives it a go Ahead

BrightonM
By BrightonM | Opera News Kenya
Published 3 days ago - 41057 views

Kenya’s biggest betting company Sportpesa shut down its operations in Kenya several months ago due to unsustainable taxes imposed by the government. On September 11th, it received another major blow after the Kenya Revenue Authority (KRA) moved to court and sought a court order to freeze all the Sportpesa accounts and its pay bills. The court granted KRA that wish and ever since Sportpesa has not been able to access its funds till early this week when the high court overturned that ruling and ordered that Sportpesa be allowed to access its funds. 

During those push and pull between the government and Sportpesa, the Betting Control and Licensing Board (BCLB) had suspended Sportpesa’s operation license until when the matter is heard and determined. The latest report indicate that the BCLB has lifted the suspension of the operations of Sportpesa in Kenya and allowed the company to continue operating in Kenya. 

“SPORTPESA gets go-ahead after Betting Control and Licensing Board cancels suspension of Milestone Games Limited operating license,” shared The Star Breaking on Twitter. 

This comes as a huge relief to the Sportpesa company that has been missing billions in profit that it used to make before closing down. Sportpesa customers as well can now rejoice since the company usually offers them instant payment and on top of it, it makes multi-millionaires through its week multi-million jackpots. Lucky Kenyans like Samuel Abisai woke up Millionaires by simply predicting 13 correct matches. 

The company had a few weeks ago attempted to resume operations only to find that its funds have been frozen. Customers took to Sportpesa social media pages to complain because pay bills were not operational and many did not received money after winning. Now that the funds have been released and license restored, lucky Kenyans can now smile to the bank when they start betting again. 

Content created and supplied by: BrightonM (via Opera News )

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BCLB KRA Kenya Kenya Revenue Authority Sportpesa
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