Licensing glitch locks out 24 betting firms

Betting Control and Licensing Board Chief Executive Officer (CEO) Peter Mbugi. PHOTO | JEFF ANGOTE | NMG

Some 24 betting firms have been locked out of operations in the current year ending next June for failing to pay a licence fee of Sh100,000 and provide a bank guarantee.

Betting Control and Licensing Board (BCLB) Chief executive Peter Mbugi said on Thursday out of 59 firms cleared to operate, only 35 have paid the fee and provided a Sh250,000 bank guarantee.

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