Online gambling firms will need Sh500m to open shop

A football fan participates in online sports betting. FILE PHOTO | NMG

Setting up an online betting business will cost an investor up to Sh500 million under a proposed gaming law that seeks to curb gambling and entry of more players.

Proprietors of companies will be required to pay Sh100 million in licensing fees if the Gaming Bill 2019 is enacted into law.

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