Equatorial Guinea Remote Gaming Licensing Framework

1. Introduction

The Equatorial Guinea Remote Gaming Licensing Framework establishes the regulatory structure for online gaming operators, ensuring integrity, consumer protection, and compliance with international best practices. This framework is designed to attract reputable gaming businesses while safeguarding public interest.

2. Licensing Categories

Equatorial Guinea will offer the following types of remote gaming licenses:

2.1. Business-to-Consumer (B2C) License

• Authorizes operators to offer remote gaming services directly to players.
• Covers online casino games, online sports betting, and online lotteries.

3. Licensing Requirements

All applicants must comply with the following conditions:

3.2. Key Personnel Requirements

• All beneficial owners, directors, and key personnel must pass a fit-and-proper test.
• Background checks, financial due diligence, and criminal record clearance are required.

3.3. Operational Requirements

• Secure gaming servers must be hosted external to the jurisdiction.
• Operators must have an independent compliance officer.

3.4. AML & Responsible Gaming

• Licensees must implement Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies.
• Responsible gaming tools, including self-exclusion and deposit limits, must be available.
• Regular independent audits are mandatory.

3.5. Fair Gaming & Technical Standards

• All gaming software must be certified by an approved testing laboratory.
• Operators must ensure random number generators (RNGs) meet industry standards.

4. Application Process

4.1. Application Submission

• Detailed business plan including projected financials, operational model, and responsible gaming strategies.
• Proof of financial stability, including bank guarantees.
• List of all key stakeholders and their qualifications.

4.2. Review & Due Diligence

• Our Compliance and Onboarding teams will conduct a thorough due diligence on all applicants.
• Approval or rejection within 60 days.

4.3. License Issuance

• Successful applicants receive an annual license , payable monthly.

5. Financial Obligations

License term available are 1, 3, or 5 year.

5.1. Licensing Fees

5.2. Gaming Management Fee

• 1% Gross Gaming Revenue (GGR) Management Fee.

6. Compliance & Auditing

6.1. Reporting Requirements

• Licensees must submit quarterly financial reports.
• Annual independent audit reports.

6.2. Enforcement & Penalties

• Non-compliance results in fines, suspensions, or license revocation.
• Operators engaging in fraudulent activities face criminal prosecution.

7. Dispute Resolution & Consumer Protection

• A dedicated dispute resolution body will handle complaints between players and operators.
• Licensees must offer fair and transparent terms of service.

8. Conclusion

This licensing framework provides a balanced approach to regulating remote gaming in Equatorial Guinea. It ensures a competitive, fair, and transparent gaming environment while promoting responsible gaming and economic growth.