Sports betting finally enters local fray

Dec 16, 2011

Kenyans sports fans will for the first time have an opportunity to bet in sports for both local and international sports matches anging from Rugby and cricket after Gaming International launched their operation on Thursday in Nairobi with an investment worth $3.5m(Ksh.293m).

The Ugandan based company has set up a virtual sports betting industry locally that will not only provide fans a chance to bet on sporting matches involving Kenyan teams but also international soccer games, Formula 1, Boxing, Cricket, Tennis and Basketball.

Gaming International will also be pro-actively involved in the financial sponsorship and support of local sports initiatives through programs as will be agreed upon with the relevant authorities in Kenya.

“The gaming industry is not a casino but is based on chance, but skills and full of entertainment. It is our hope that the $3.5 million will lead to the creation of 450 jobs to Kenyans youths within a period of one year. Our investment has been guided greatly by the East African Common Market Protocol,” said Gaming International CEO, James Mpanga during the launch presided over by Sports commissioner, Gordon Oluoch.

Oluoch confirmed the government has given the new company a clean bill of health saying that they (Gaming International) have complied with the Betting Control and Licensing Board.

“The industry will make local sport more entertaining as local youths will be able to place their bets on their favourite teams besides creating more job opportunities, its truly a Christmas gift for our youth,” said Oluoch .

Mpanga said the company would work closely with local sports associations to support credible social initiatives that can support sports advancement in Kenya.

 

 

Elvince Joshua

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