You will be surprised by the amount Sportpesa was making Ksh 300,000 in every minute
By Nzangib | self meida writer
Published 1 months ago - 2 views
Reports have now revealed that the Sportpesa betting company was making ksh 300,000 every minute before a ban that seized their operations in Kenya.
According to financial statements by PevansEast Africa this betting firm which was started with a Sh68 million loan and by the end of 2018 was making Sh150 billion much more than what Safaricom makes in a year.
SportPesa however suffered government ban when the government pulled its license over a tax dispute and security concerns about some of its owners the year 2019.
According to a report carried by Daily Nation SportPesa is said to have enjoyed explosive growth and was on course to raking in Sh172.9 billion revenue in 2019, the year the government unceremoniously stopped their operations in the country.
According to the company the government move to scrap their betting license resulted to loss of more than 400 jobs. However the company came back late last year and is now operating in the country and will try to recover its form with time.
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