10 betting firms exit Kenyan market

Currently, betting firms are taxed on the gross gaming revenue at a rate of 15 percent besides paying corporate tax of 30 percent on profits.

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The number of licensed betting firms has fallen by 10 since the start of this year, in what could signal that some have had their licences revoked or others willingly closed shop.

The number of net exits is based on the latest list from the Betting Control and Licensing Board (BCLB) that shows there are 118 licensed betting firms, down from 128 in January.

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Note: The results are not exact but very close to the actual.