April 14, 2024

Betway cleared by taxman, back in operation

Betway cleared by taxman, back in operation

Betway Kenya has been cleared to continue operations in Kenya

Gaming firm Betway Kenya has restored its services following clearance by the Kenya Revenue Authority and subsequent issuance of an operating license by the Betting Control and Licensing Board. Betway was one of the gaming firms who had their licenses withdrawn, but after working with relevant authorities to comply to the new rules, their license has been handed back.

In line with the new requirements, Betway will be deducting 20% withholding tax from winnings in accordance with the law. This will be clearly displayed on individual bet slips to ensure transparency and for ease of understanding by the punter.

In a statement after they were reinstated, Betway say they remain committed to community sport development cutting across different sport disciplines such as football, volleyball, basketball and golf.

Several teams have benefited from kits and infrastructural development courtesy of Betway in its 3 years of operation and more will benefit through the companies CSR initiatives that target communities in need of support.

Upon going live, Betway Kenya has launched new and exciting features to continue its promise to give its customers a unique gaming experience; these include a revised 4-to-Score and Win Boost feature.

“We take this opportunity to thank all our customers and stakeholders for their patience and loyalty to our brand throughout this journey. We promise to continue offering stellar service and remarkable gaming experiences as we play our part in promoting responsible gaming in Kenya”, said Leon Kiptum, Betway Kenya Country Manager.