Exit of gaming firms hurting local sports rights holders

Kenyan Premier League (KPL) CEO Jack Oguda. PHOTO | FILE |

What you need to know:

  • The tax hike that imposes a tax of 35 per cent of gross revenue on all gambling and gaming companies indicate that this tax is too punitive.
  • The exit of the title sponsor and the other gaming companies is and will have a negative impact football in Kenya.

On January 1 this year, the Gaming Tax Act came into force and had a telling effect on sports. SportPesa terminated its title sponsorship deal with the Kenyan Premier League and other gaming companies sponsoring Clubs followed suit.

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