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.
The Minister of State for Finance in charge of Planning, Mr David Bahati, revealed this yesterday when he said the President gave the directive because sports betting companies have diverted the attention of youth from hard work.
“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 yesterday.
The reasons why the President has ordered all this is still unknown but speculators speculater something fishy.
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