NKAISSERY SET TO REGULATE BETTING

Interior cabinet secretary Joseph Nkaissery has appointed Antony Kimani Kungu as the chairman of Betting, Control and Licensing Board. Mr Kimani who is a business man is expected to manage a total of 5billion shillings from betting lottery and gaming industry that is on the increase in the country.
BLCB is a government agency under the ministry of Interior and Coordination of National government is tasked with controlling and licensing of betting and gaming premises, recovery of taxes on bets won and authorising public lotteries.
Gambling  has recorded revenues of up to 2 billion in the previous year and they expect more than this due to the increase in the number of people that are engaging in the activity. Some of the big names that have ventured into the business include Sportpesa, Oxygen 8, Betin, mCheza and Betway

As the chairman of BCLB, Kung’u will be in control of the Sh5 billion betting, lotteries and gaming industry that is on the increase. BCLB which is a government agency under the ministry of Interior and Coordination of National Government is tasked with controlling and licensing of betting and gaming premises, recovery of tax on betting and gaming, and authorising public lotteries. Projections are that gross gambling revenue in Kenya would rise to Sh2.2 billion up from Sh2 billion that was realised in 2014. The projections were contained in a 2015 report by auditing firm PwC, which added the revenues is expected to rise to Sh2.9 billion in 2019 as more players enter the industry. In the current scenario, some of the big names in the industry are in sports betting. They include Sportpesa, which in 2014 invested Sh400 million, Oxygen 8, Betin, mCheza and Betway. There are also SMS lotteries offered by mobile telecommunication companies, online gambling sites and the oldest, Kenya Charity Sweepstake.
Read more at: http://www.standardmedia.co.ke/business/article/2000190158/nkaissery-appoints-anthony-kimani-chairman-of-betting-control

As the chairman of BCLB, Kung’u will be in control of the Sh5 billion betting, lotteries and gaming industry that is on the increase. BCLB which is a government agency under the ministry of Interior and Coordination of National Government is tasked with controlling and licensing of betting and gaming premises, recovery of tax on betting and gaming, and authorising public lotteries. Projections are that gross gambling revenue in Kenya would rise to Sh2.2 billion up from Sh2 billion that was realised in 2014. The projections were contained in a 2015 report by auditing firm PwC, which added the revenues is expected to rise to Sh2.9 billion in 2019 as more players enter the industry. In the current scenario, some of the big names in the industry are in sports betting. They include Sportpesa, which in 2014 invested Sh400 million, Oxygen 8, Betin, mCheza and Betway. There are also SMS lotteries offered by mobile telecommunication companies, online gambling sites and the oldest, Kenya Charity Sweepstake. GO TO PAGE 1 2 Next » Do you have something to add to this story? Comment here. Share this story: Share on Facebook Tweet Google Plus Linkedin
Read more at: http://www.standardmedia.co.ke/business/article/2000190158/nkaissery-appoints-anthony-kimani-chairman-of-betting-control

As the chairman of BCLB, Kung’u will be in control of the Sh5 billion betting, lotteries and gaming industry that is on the increase. BCLB which is a government agency under the ministry of Interior and Coordination of National Government is tasked with controlling and licensing of betting and gaming premises, recovery of tax on betting and gaming, and authorising public lotteries. Projections are that gross gambling revenue in Kenya would rise to Sh2.2 billion up from Sh2 billion that was realised in 2014. The projections were contained in a 2015 report by auditing firm PwC, which added the revenues is expected to rise to Sh2.9 billion in 2019 as more players enter the industry. In the current scenario, some of the big names in the industry are in sports betting. They include Sportpesa, which in 2014 invested Sh400 million, Oxygen 8, Betin, mCheza and Betway. There are also SMS lotteries offered by mobile telecommunication companies, online gambling sites and the oldest, Kenya Charity Sweepstake.
Read more at: http://www.standardmedia.co.ke/business/article/2000190158/nkaissery-appoints-anthony-kimani-chairman-of-betting-control