BREAKING: Uganda Stops Licensing Sports Betting Firms

The President of Uganda has directed that no other new sports betting companies should get licenses. This is due to complains that it has hurt the youth and led to the loss of fortunes and addiction. The industry had drown millions of youth hoping to make it to a jackpot.

Reports indicate that Minister for Finance David Bahati announced that concerns from religious leaders and consultations informed this move.

President Museveni has ordered that no new sports betting company should be licensed to operate in Uganda and licences for the existing companies should not be renewed #MonitorUpdates https://t.co/mPv8nIBDAa

— Daily Monitor (@DailyMonitor) January 21, 2019

This would mean that when current licences expire, betting will be technically illegal in Uganda.

“We have received a directive from President Museveni to stop licensing sports betting, gaming and gambling companies. The President has now directed the board which has been regulating them…. From now onwards, no new companies are going to be licensed. Those which are already registered, no renewal of licences when they expire,”