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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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