Equatorial Guinea has introduced an online gambling licensing system

The new system is designed to provide a favorable environment in the online gambling industry for both online gaming operators and players. There are already detailed instructions with the application procedure, compliance requirements, financial terms and other important provisions.

Mascott Capital has been appointed as the head of the regulatory department. They will oversee the processing of applications, compliance monitoring and the onboarding of international gaming companies through their digital platform.

“This partnership will foster a culture of excellence and innovation in the gaming sector in Equatorial Guinea, bringing its laws and regulatory practices closer to best-in-class international standards in the field of online gaming, betting and casino services” Mascott Capital said.

Officials see this innovation as a chance to combat illegal offshore gambling operators. If controls are properly implemented under the new standards, Equatorial Guinea has a chance to become a new regional standard.