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Uganda's State Minister of Finance announced this week that his country's anti-gambling policies are only being targeted at foreign firms, rather than all betting groups as was initially thought.
Minister David Bahati issued a statement that clarified an earlier statement that revealed that the country's president Yoweri Musuveni told him that he should not issue new betting licenses and that existing ones would not be allowed to be renewed once they expire. Kasaija said that they aren't getting rid of betting, but will only allow Uganda-based companies to continue to operate.
In a statement Kasaija said, "We're saying this activity should be limited to only Ugandans. We have said that licensees that are running will not be renewed and new ones will not be issued to foreigners because we've discovered so much of our money is being exported through that gaming thing which as far as I am concerned has little value to the economy."
The move will likely see contraction in the industry, as big names such as Betway will be likely to leave, unless they set up a base in the country .
We'll update readers as we learn more about the decision and the ramifications it will present.