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Out, down but not alone: Agony as SportPesa fires over 400 staff : The Standard
3rd October, 15:09For More of This and Other Stories, Grab Your Copy of the Standard Newspaper. He said that apart from creating jobs and the social responsibilities, the betting firms by 2016 remitted Sh160 billion in taxes to the State. "It will be simplistic from the side of the government to wish away a sector that injects Sh160 billion into the economy and creates jobs," Otieno said.
SEE ALSO :Reverse the decision to withdraw betting firms' licences, State toldWith an economy that creates very few jobs if any, Otieno said it would be cheaper for the Government to deal with a betting population than a jobless population. "People say there are social ills such as laziness among the youth who have turned into betting, but which one is better? A betting population or a jobless one?" he poses. On the 20 per cent new taxes charged on individual gamblers' winnings and annual business taxes levied on sports betting companies, Otieno said it will reduce betting firms into charity organisations. "With the craze spreading in the country, it was good to streamline the sector, but not to the extent of people losing jobs when the government is not creating any jobs for its people." The dispute between SportPesa and the government has been on for three months now ever since the government withdrew licences of 15 betting firms it claimed were not paying taxes as required.