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Betting company closes shop, goes online
12th December, 06:21Tough betting conditions in Uganda have started impacting various players.
Early this year, President Museveni directed on gambling announcing strict guidelines that included stopping fresh registration.
The country's sports betting industry has burgeoned in recent years. This has created concerns that it's leading to severe addiction problems, especially among young people.
Consequently, most existing betting companies have sought refugee in the online presence. The latest to join the badwagon of running a fully online business is BetOn, who closed all their physical shops across the country.
The company's Director of Operations Reuben Robert has come out to trash the claims that they are closing shop and quitting the business.
"Closing shop, okay, I would say we are closing the physical shops around town but it doesn't mean we are going to quit the business but rather we shall now fully operate online" Reuben said.
He says that times have changed where people access spend most of their time online thus tapping into that potential.
On their phones and computers, people spend most of their time browsing the internet and that's why they made it easier for their customers to bet online rather than having to move around looking for our shops.
Gambling is legal in Uganda and is regulated under The National Lotteries Act and the Gaming and Pool Betting (Control and Taxation) Act.
It mainly includes lotteries, casinos and gaming and pool betting. There are an estimated over 2,000 active gambling and betting operators in the country.