Sportpesa terminates all local sponsorship worth Kshs 600 million 

Sportpesa terminates all local sponsorship worth Kshs 600 million 

Sport online betting firm, Sportpesa has cancelled all local sponsorships worth 600 million shillings effective on Tuesday.

This, after a high court ruling failed to reverse a 35% tax hike imposed on gross revenues of betting firms.

Last Thursday Judge John Mativo dismissed a suit by Sportpesa and Pambazuka National Lottery seeking to stop the implementation of the hiked levy citing no evidence it is punitive to the company.

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Sportpesa now says it is restructuring its operations and particularly cut expenses to stay afloat even as it appeals the court order.

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