Equatorial Guinea bets big on online gaming with new licensing structure
The move aligns with the country’s overall ambition to diversify its oil-dependent economy and attract new revenue sources.
Equatorial Guinea.- The government of Equatorial Guinea has taken a major step in formalising its gambling industry with the introduction of a digital regulatory framework for online gaming, betting and casinos.
Mascott Capital Partners, a Cyprus-based firm, has been appointed as the official master licensee, tasked with managing both domestic and international operator applications via a centralised online portal under the authority of Law 2/1995 and regulatory reforms from Law 10/2017.
Antonio-Pedro Oliveira Burupu, Minister for Tourism and Tourism Infrastructure, said: “The launch of online gaming, online betting and online casinos in Equatorial Guinea is one of the most significant measures taken by gaming regulators in the country’s history. Mascott Capital Partners’ digital platform will assist in submitting online gaming licence applications.”
The move aligns with the country’s overall ambition to diversify its oil-dependent economy and attract new revenue sources. By formalising the online gaming sector, the government aims to curb unregulated activities while opening the door to new investments and technological partnerships. The licensing structure offers clarity to potential operators and enforces responsible gambling practices and anti-money laundering protocols.
Burupu added: “This initiative represents a significant step forward in promoting Equatorial Guinea as a recognised jurisdiction for remote online gaming, online gambling and online casino businesses. It is also a significant step in diversifying Equatorial Guinea’s economy, attracting international investment to the digital space and strengthening consumer confidence.”
Equatorial Guinea joins a growing number of African countries like Nigeria, Kenya, Uganda and Botswana that have introduced comprehensive regulations to govern the fast-expanding online gaming industry.
Through the centralised, digital framework, Equatorial Guinea seeks to modernise its gambling landscape in line with global standards. The move is expected to stimulate job creation and attract foreign investment into its developing tech and entertainment sectors. The framework’s success will depend on effective implementation and ongoing oversight to ensure operator compliance and consumer protection.
