Joel Omoding Atadan, the SBA Marketing Manager confirmed the development to the Uganda Radio Network. However, he said the closure doesn’t mean they are completely closing down as they may redeem their operations once the Covid-19 situation in the country normalizes.
Betting Africa – SBA, has announced a decision to close down its shops across
the country and operate online.
In a letter
dated December 2, the SBA management cited an unfavorable tax environment,
restrictions due to the Covid-19 pandemic and excessive competition have made
it impossible to operate virtual games, a core activity of their outlets.
cited the appearance of the new Omicron Covid-19 variant that has emerged from
South Africa, anticipating it will likely spread and force a new set of
restrictions that will add adverse conditions on already financially exhausted
a consequence, SBA is facing the heart-breaking decision of closing all its shops
in Uganda. It is a very tough decision but we have reached a stage where it is
only the wise decision to make,” the letter from management read in part.
Joel Omoding Atadan, the SBA Marketing Manager confirmed the development to the
Uganda Radio Network. However, he said the closure doesn’t mean they are
completely closing down as they may redeem their operations once the Covid-19
situation in the country normalizes.
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Omoding disclosed that SBA has at least 200 branches across major towns in the
different regions of Uganda. The announcement has caused uncertainties among
the employees who will be laid off. At least each outlet would employ between
four and six staff.
other betting companies are equally struggling to remain in operation casting a
dark cloud over employees’ job security.
Oluka, a staff of the Premier Bet branch in Ntinda says the trend of betting
companies closing shops is worrying to the staff even at different companies.
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Gideon Atuhaire, of Champion Bet, anticipates that most betting companies are
considering shifting operations online because it is cheap and cost-effective, meaning more employees will be laid off if the Covid-19 situation
does not normalize.
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Another betting company that recently closed its operations in the country
includes Top Bet.
The covid-19 restriction has regulated the time of operation of most betting companies,
reducing the number of their clients yet the cost of rent, human resources,
and utilities continue to bite.
the Uganda Lotteries and Gaming Regulatory Board, the government currently
collects about 30 Billion Shillings annually in taxes from the games and
lottery companies, and Ugandans spend over 150 billion shillings in Casinos,
slot machines, lotteries, and betting annually.
Ochola's journalism career begun from Radio King 90.2 FM in Gulu around 2009, and Radio Rupiny 95.7 Fm under Vision Group in 2012. He also reported for Mighty Fire 91.5 Fm, Kitgum in 2015 before joining Wizarts Foundation in 2017.
He has been reporting for Uganda Radio Network (URN) since 2017 before being posted as Bureau Chief Kitgum, and latr Gulu between 2018 - 2021. Currently, he reports from Parliament.