The State Minster for Finance, Planning and Economic Hon. David Bahati has warned the young generation against engaging in gambling with a perception of getting rich.
While addressing a gathering in Ntinda at the launch of Lucky 3 jackpot for Moja Bet Company, Bahati advised that people should only engage in gaming activities as part of leisure but not as a source of income.
“Young people should continue working hard as we develop the country together but they should know that betting is not a substitute for hard work.”
He asked the school going children and campus students not to get tempted to put their tuition in betting because that may ruin their future.
On the regulation of betting companies, Bahati revealed that government is no longer registering new companies and at the same time preparing guidelines which will ensure that profits from Gaming and betting business are not all taken away by the foreign investors.
“We are strict on giving licenses to any new companies; those with licenses already should ensure that they use them maximumly because there is no guarantee that after that period government will renew them.”
Mr Isaac Imaka the Director Moja Bet Uganda pointed out that this company is not only targeting profits but also providing Ugandans employment as well improving their well-being through community-social responsibility