Eighteen new firms enter booming betting arena

Gamblers placed Sh620.97 billion bets between 2018 and last year. FILE PHOTO | NMG

Eighteen betting firms entered the industry between January and June eyeing a share of the multi-billion-shilling gaming craze that has defied government clampdown in the form of increased taxation and tighter regulation.

Industry regulator Betting Control and Licensing Board (BCLB) said that 118 firms were licensed to operate at end of last month from 100 in January.

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