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The proposed Gambling Control Bill 2023 in Kenya aims to establish a new regulatory authority, consolidating various gambling oversight responsibilities currently held by the Betting, Control and Licensing Board. Sponsored by National Assembly Majority Leader Kimani Ichung’wah, this bill is designed to enhance compliance with licensing requirements and address prior issues of non-compliance within the gambling industry.
Key provisions of the bill include the introduction of a 15% tax on gross gambling revenues, stricter regulations on gambling advertisements on radio and TV, minimum shareholder requirements for licensed gambling companies, and increased fines for violations such as underage gambling. Additionally, the bill mandates that gambling transactions must go through Kenyan-registered banks, and it sets specific deposit requirements for different types of gambling operations, intending to promote legal compliance among gambling entities in the country.
Source: https://news.worldcasinodirectory.com/kenyan-gambling-control-bill-2023-establishes-new-regulator-and-proposes-reforms-111079
Key provisions of the bill include the introduction of a 15% tax on gross gambling revenues, stricter regulations on gambling advertisements on radio and TV, minimum shareholder requirements for licensed gambling companies, and increased fines for violations such as underage gambling. Additionally, the bill mandates that gambling transactions must go through Kenyan-registered banks, and it sets specific deposit requirements for different types of gambling operations, intending to promote legal compliance among gambling entities in the country.
Source: https://news.worldcasinodirectory.com/kenyan-gambling-control-bill-2023-establishes-new-regulator-and-proposes-reforms-111079