Equatorial Guinea’s apparent entry into the online gaming market has taken a dramatic turn following an official government statement denying the legality of a widely reported master licence granted to Mascott Capital Partners. While initial announcements suggested a significant step toward a regulated digital gaming sector, the government has now clarified that no such licence is legally recognized under current national laws.
Mascott Capital, a Cyprus-based firm, had been named in earlier reports as the recipient of Equatorial Guinea’s first official licence for operating online betting, remote gaming, and online casino services. This licence, reportedly registered as 0107‑LE025‑BN, was described as the starting point of a digital economic transformation aimed at reducing reliance on oil exports and fostering investment in tech-driven industries.
However, on August 8, the Government of Equatorial Guinea released a formal statement rejecting the claim that any valid licence had been issued.
The announcement cited inconsistencies with the country’s legal framework for gambling, emphasizing that such a licence is not supported by current legislation.
“The legislation in force in the Republic of Equatorial Guinea, in particular, Law No. 02/1995 of January 3, which regulates the Authorization, Operation and Control of Games of Chance in the Republic of Equatorial Guinea, and Ministerial Order No. 04/2015, dated May 18, on Games of Chance, does not contemplate the granting of this type of licenses,” the statement read.
Legal Framework and Procedure Undermined
The government went on to assert that the administrative process used to issue such licences is strictly outlined under Law No. 01/2014 of July 28, which governs administrative procedures. In light of this, the licence in question “has no legal effect” and is not recognized by the authorities.
The statement also affirmed that appropriate measures were being taken to investigate the situation and maintain the principles of legality and transparency. “The Government reaffirms its commitment to strict compliance with current legislation, transparency in administrative procedures, and the defense of the general interest in the Republic of Equatorial Guinea.”
Earlier Reports Highlight Ambitious iGaming Plans
Before this reversal, the launch of a formal online gaming sector had been hailed as a major policy milestone. The Minister of Tourism and Tourism Infrastructure, H.E. Antonio-Pedro Oliveira Burupu, had stated: “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.”
Potential for Future Regulation Still Uncertain
With the government now disavowing the licence, the future of Equatorial Guinea’s online gambling ambitions remains uncertain. Analysts had previously noted that if effectively implemented, the country could become Central Africa’s first fully regulated hub for digital gaming, joining the ranks of Nigeria, Kenya, and South Africa. The model had drawn inspiration from established jurisdictions such as Malta, Gibraltar, and the Isle of Man.
Mascott Capital’s stated commitment to compliance and international best practices was part of a broader effort to position Equatorial Guinea as a credible offshore licensing destination akin to Curaçao or Anjouan. However, without formal legal recognition, those plans appear to be in limbo.
KBalasol 11 months ago Newbie
Well, this is awkward! Imagine being the shady operator whose license got publicly disowned by an entire country. You just know that "official certificate" was printed in a basement somewhere. 😂 Jokes aside though, this is super important stuff and a huge reminder to always be careful and do your homework before depositing...
Well, this is awkward! Imagine being the shady operator whose license got publicly disowned by an entire country. You just know that "official certificate" was printed in a basement somewhere. 😂 Jokes aside though, this is super important stuff and a huge reminder to always be careful and do your homework before depositing anywhere. Big props to LCB for staying on top of these things and looking out for us players. This is exactly the kind of info we need to stay safe. Keep up the great work
Show morePlease enter your comment.
Your comment is added.
tough_nut
1 year ago
Moderator
Quite a twist from a potential milestone in regulated gaming to a complete legal rejection. This illustrates the importance of aligning announcements with the actual legal framework before making significant moves.
Please enter your comment.
Your comment is added.