Online gaming gains legal framework in Equatorial Guinea
The Government has partnered with a licence management company to launch the legalised framework.
Key points:
– Online gaming is to become regulated in Equatorial Guinea
– The master licence has been granted to Mascott Capital Partners
The Government of the Republic of Equatorial Guinea has launched a new legal framework for online gaming in the nation.
The Online Gaming, Online Betting and Online Casino Licensing Framework provides guidelines for international gaming activity, which aims to ensure integrity, protect players and remain within best compliance practices. It outlines the application process, compliance requirements, financial obligations and more.
An online master licence has been granted to Mascott Capital Partners, a licence management company. With this, multinational operators can submit applications for a licence via the Mascott Capital Partners platform, with both Mascott Capital Partners and its authorised partners set to use a proprietary system to manage all international licences in one place.
On the launch, Equatorial Guinea Ministry for Tourism and Tourism Infrastructure head H.E. Antonio-Pedro Oliveira Burupu 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 and Mascott Capital Partners’ digital platform will assist in submitting online gaming licence applications.
“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 in the remote online gaming services provided under Equatorial Guinea’s jurisdiction, making Equatorial Guinea an international destination of choice for iGaming.”
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