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113 Pages«<111112113
Alternative investment-Sport pesa
radiomast
#2241 Posted : Thursday, July 02, 2020 8:11:33 PM
Rank: Member


Joined: 2/15/2018
Posts: 374
sqft wrote:


Does the kenyarra family have to be brought into every issue? I thought the betting companies have been in court challenging the tax with some even exiting the country due to illogical taxation and also wananchi were also complaining that tax on their bets was hurting them. Siku hizi even when it rains, its said to be a kenyarra family conspiracy so that they can benefit by watering their farms. This nonsense by idlers has become too much.


Sportpesa, the largest betting firm was forced out of business In October 2019 due to a disagreement with the govt over taxation. At issue was the 20% excise tax.

Fast forward to July 2020. Now the Kenyatta family has acquired a significant stake in Sportpesa. Now UK has conveniently decided to waive the 20% excise tax.

Are you still going to bury your head in the sand?

https://www.financeuncov...-sportpesa-betting-firm/
radiomast
#2242 Posted : Thursday, July 02, 2020 8:17:50 PM
Rank: Member


Joined: 2/15/2018
Posts: 374
Before the govt kicked out Sportpesa last year, the firm was employing thousands of Kenyans in various capacities.

They sponsored various sports leagues and national teams to the tune of hundreds of millions of shillings. This enabled various sports people to earn a living.

When Sportpesa was kicked out, players, coaches, referees etc, went broke due to lack of salaries. They were kicked out of their dwellings due to inability to pay rent. Some marriages dissolved. All so that the Kenyatta family can acquire a signficant stake in a betting firm that mints millions.

Most of the money that was going to support these youth will now go the Kenyatta family. Some of these broke youth will now resort to crime and carjack your royal behind. All so that the kenyatta family which is already immensely rich can become even richer

https://www.the-star.co....e-kpl-players-speak-out/
mpobiz
#2243 Posted : Friday, July 03, 2020 4:09:40 PM
Rank: Veteran


Joined: 8/10/2010
Posts: 2,075
radiomast wrote:
[quote=sqft]

Does the kenyarra family have to be brought into every issue? I thought the betting companies have been in court challenging the tax with some even exiting the country due to illogical taxation and also wananchi were also complaining that tax on their bets was hurting them. Siku hizi even when it rains, its said to be a kenyarra family conspiracy so that they can benefit by watering their farms. This nonsense by idlers has become too much.


Sportpesa, the largest betting firm was forced out of business In October 2019 due to a disagreement with the govt over taxation. At issue was the 20% excise tax.

Fast forward to July 2020. Now the Kenyatta family has acquired a significant stake in Sportpesa. Now UK has conveniently decided to waive the 20% excise tax.

Are you still going to bury your head in the sand?

https://www.financeuncov...sportpesa-betting-firm/[/quote]


Matingi amekanusha hii maneno.
Politics is just things to keep the people divided and foolish and put your trust in men and none of them can do nothing for you...
doubletap
#2244 Posted : Saturday, July 04, 2020 7:04:06 PM
Rank: Member


Joined: 7/17/2014
Posts: 116
Location: Wherethewindblows
In as much as they we re-ploughing back the betting gains, gambling cannot be used as a means to uplift our communities since they also do take a lot from the people. Those billions were not from the winnings of gamblers but more the losses that many had incurred. Plus don't forget gambling can become an addiction that destroys lives and livelihoods and we don't have the capacity to deal with as a nation.

Lets think of other ways to support all those who relied on there sponsorship, sports is big business so we need to monetise it.

You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
radiomast
#2245 Posted : Monday, July 06, 2020 5:32:37 PM
Rank: Member


Joined: 2/15/2018
Posts: 374
mpobiz wrote:


Matingi amekanusha hii maneno.


The President signed the Finance Act 2020 into law that includes erasing the 20% excise tax on betting. But Matiangi's roadside declaration weighs more.
Haki there are too many jokers in Kenya. Kollywood should be churning out big box office comedies. Laughing out loudly Laughing out loudly Laughing out loudly


Swenani
#2246 Posted : Tuesday, July 14, 2020 12:14:53 PM
Rank: User


Joined: 8/15/2013
Posts: 13,159
Location: Vacuum
doubletap wrote:
In as much as they we re-ploughing back the betting gains, gambling cannot be used as a means to uplift our communities since they also do take a lot from the people. Those billions were not from the winnings of gamblers but more the losses that many had incurred. Plus don't forget gambling can become an addiction that destroys lives and livelihoods and we don't have the capacity to deal with as a nation.

Lets think of other ways to support all those who relied on there sponsorship, sports is big business so we need to monetise it.



It seems you are describing Obiero's NSE activities.
1)How much has KQ taken away from Obiero
2)Can Obiero be waned off his KQ addiction
If Obiero did it, Who Am I?
radiomast
#2247 Posted : Tuesday, July 14, 2020 6:31:15 PM
Rank: Member


Joined: 2/15/2018
Posts: 374
doubletap wrote:
In as much as they we re-ploughing back the betting gains, gambling cannot be used as a means to uplift our communities since they also do take a lot from the people. Those billions were not from the winnings of gamblers but more the losses that many had incurred. Plus don't forget gambling can become an addiction that destroys lives and livelihoods and we don't have the capacity to deal with as a nation.

Lets think of other ways to support all those who relied on there sponsorship, sports is big business so we need to monetise it.



You are right in that sports can be a big employer and can keep youth busy in positive activities and away from crime.

But It doesn't help that successive presidents think sports are a joke. So the person assigned to be sports minister is usually a person with very little interest in sports like Amina or a complete clown like Echesa.

Basically the sports ministry is being used by presidents to give people positions as personal favours or to just engage in political shenanigans like Echesa.
whiteowl
#2248 Posted : Monday, July 27, 2020 7:54:33 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
With the impending 2nd lockdown, I'll be reviving this thread so that we make some money. And please don't use any local bookies when expecting big payouts. The current lot are just scammers
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