Uganda betting company closes shop, goes online
MARTHA LEAH NANGALAMA – With a stated unemployment rate of 87% among Uganda youth who make up 75% of Uganda’s 44m population with 85% of the population living in abject poverty, it should come as no surprise that the country has over 1,000 gambling / betting companies.
Incidentally, just like the scams, ponzy schemes, pyramids, Crypto and Slave trade companies, the betting ones are also set up, aided and abetted by the ruling regime cohorts.
Museveni’s intentional impoverishment of the masses in order to rule them for life has not spared any trick in the book ever used by a despot, dictator or fascist. To this effect, you will see more of the betting companies moving online since Uganda’s unemployed youth seeks only quick money and or immediate gratification.
The youth would do better using the internet to learn or find jobs and scholarships or any other opportunities than betting online.
By DAILY MONITOR
Betting company closes shop, goes online
THURSDAY DECEMBER 12 2019
Participants. Youth look at fixtures at a sports betting centre in Arua District recently. 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. File Photo
Tough 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.
—— AUTO – GENERATED; Published (Halifax Canada Time AST) on: December 12, 2019 at 04:12AM