The move aligns with the overall ambition of the country to diversify its oil-dependent economy and attract new revenue sources.
The government of Equatorial Guinea has taken a major step to formalize its gambling industry. It introduced a digital regulatory framework for online gaming, betting, and casinos.
The authorities have appointed the Cyprus-based firm Mascott Capital Partners as the official master licensee. The company will manage domestic and international operator applications through a centralized online portal. This portal operates under Law 2/1995 and the regulatory reforms from Law 10/2017.
Minister for Tourism and Tourism Infrastructure, Antonio-Pedro Oliveira Burupu, said gaming regulators have made one of the most significant moves in the country’s history. They launched online gaming, online betting, and online casinos in Equatorial Guinea. Mascott Capital Partners’ digital platform will assist in submitting online gaming license applications.
The move aligns with the overall ambition of the country to diversity its oil-dependent economy and attract new revenue sources. By formalizing the online gaming sector, the government aims to curb unregulated activities. It also seeks to attract new investments and foster technological collaborations. The licensing structure offers clarity to potential operators and enforces responsible gambling practices and anti-money laundering protocols.
Burupu added that this initiative marks a significant step in promoting Equatorial Guinea as a recognized jurisdiction for remote online gaming, online gambling, and online casino businesses. He said it also helps diversify the country’s economy, attract international investment to the digital sector, and strengthen consumer confidence.
Equatorial Guinea joins a growing number of African countries such as Nigeria, Kenya, Uganda, and Botswana that have introduced comprehensive regulations to govern the fast-expanding online gaming industry.
By the centralized, digital framework, Equatorial Guinea looks to modernize its gambling landscape in line with global standards. Experts expect the move to stimulate job creation and attract foreign investment into Equatorial Guinea’s developing tech and entertainment sectors. Success of the framework will depend on effective implementation and ongoing oversight to ensure operator compliance and consumer protection.
