Sports betting firm will stop operating soon in Uganda after President Yoweri Museveni’s new order.
Through the Minister of State for Finance in charge of Planning, Mr David Bahati, President Museveni revealed that no new sports betting company will be licensed to operate in Uganda and licences for the existing companies will not be renewed.
“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,” Mr Bahati told a church congregation at Rugarama Hill in Kabale Town on Sunday.
According to the Head of State, youths in Uganda had their efforts diverted from hard work by the betting firms.
He was speaking at the closure of a four-day conference where he represented the President as chief guest. The conference was organised by Kigezi Diocese.
