President Uhuru Kenyatta has said he is ready to review the 50 per cent tax on betting companies.
]Speaking during the launch of the information portal on Jubilee successes, Uhuru however said the tax proposal by the Ministry of fiancé was however fair.
"I know there is a big cry in the gaming industry because of the 50 per cent tax but we can sit down and engage with the affected parties," he said.
"We were very concerned about betting among school-goers so we made it difficult for people to bet. We want people who bet to have their money go to constructive projects through tax," The president added.
Uhuru's remarks came a day after the betting companies moved to court in a bid to overturn the government proposal of 50 per cent tax duting presentation of budget by Cabinet Secretary Henry Rotich.
Rotich had proposed the taxes be raised from 7.5 per cent (betting), 12 per cent (lottery), 15 per cent (gaming) and 15 per cent (competition), to the 50 per cent.
The gambling bill was drafted by Gem MP Jakoyo Midiwo.