Author Topic: Sportpesa - monthly winnings of more than 10B Kshs  (Read 1252 times)

Offline RV Pundit

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Sportpesa - monthly winnings of more than 10B Kshs
« on: May 22, 2019, 01:10:26 PM »
Annually their winning alone could cross 120B - I guess they make some margins - but their total revenues could be in region of 200B plus.

Offline vooke

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Re: Sportpesa - monthly winnings of more than 10B Kshs
« Reply #1 on: May 22, 2019, 01:31:05 PM »
Their KRA wars over withholding tax revealed winnings of 80B spanning 2 years ,and that was over 3 years ago between 2015 and 2016. This must have since grown, probably doubled.
https://www.businessdailyafrica.com/news/KRA-demands-tax-on-SportPesa-winners/539546-4987192-gp7lrm/index.html


It is quite possible that their profits rival those of kind KCB only with very little asset or capital base and all this going into very few pockets
2 Timothy 2:4  No man that warreth entangleth himself with the affairs of this life; that he may please him who hath chosen him to be a soldier.

Offline GeeMail

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Re: Sportpesa - monthly winnings of more than 10B Kshs
« Reply #2 on: May 22, 2019, 08:06:01 PM »
When foreign betting "investors" were deported, the authorities floated figures like Sh200b annually. This is good money for business, but thinking that so many productive people are spending hard earned money on gambling is just terrible. No products, no goods, just tears loss except to the investor.
Celebratory violence: 2017 crime invented to justify killings to prevent Raila from becoming PORK. http://www.nipate.com/download/file.php?id=4244