Equatorial Guinea Bookmakers

Equatorial Guinea is located in west-central Africa, bordering the Atlantic Ocean to the west, Cameroon to the north, and Gabon to the east and south. Over the recent past, the country has also gained some attention world over notably in the area of the Equatorial Guinea bookmakers and sports betting. This article explores the history, legal context, and present situation of Equatorial Guinea’s gambling laws, which will be useful for parties interested in this growing market.

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Table of Contents

Summary of Key Events

1995: The legal framework of gambling was adopted with Law Number 2/1995.

2005: The Gambling Act was amended to improve the previous gambling provisions.

2006: The national football team of Equatorial Guinea has got to the FIFA World Cup.

2012: Shared with Gabon in hosting the African Cup of Nations.

2016: It is a known fact that they emerged winners of the Women’s African Nations Cup.

History of Gambling Laws in Equatorial Guinea

Early Beginnings

• 1995: Gambling was formally restricted and was only legalized in the year 1995 following the passing of the Law

Updates and Amendments

• 2005: The original 1995 Gambling Act was replaced by the new act to provide better and more specific measures than the previous ones. This updated version is still the basis of the Equatorial Guinea gambling laws to this date.

Key Provisions

The law recognizes two primary forms of gambling:

• Casino Gambling: Comprises of poker, gaming machines, table games and other card games.
• Lottery: Inclusive of lottery styled games for example; bingo, raffles, keno, and scratch tickets.

This nation is fairly compact and has an economy that is not very robust; however, its casino industry has emerged in a big way.

Regulatory of Equatorial Guinea Bookmakers

The Ministry of Culture and Tourism also referred to as the Ministry of Culture, Tourism and Francophonie is the body that regulates and controls the gambling activities in Equatorial Guinea through licensing. Even though there are provisions for several casino licenses, there is a single monopsony to offer lottery games and products.

Licensing Process

• Land-Based Casinos: They are obtained from the Ministry of Culture and Tourism. Unfortunately, information on license fees and criteria cannot be found as the Ministry does not have an official website.
• Online Gambling: At the moment there is no regulation for providing online gambling licenses. Therefore, online gambling is actually prohibited, however, the law is not enforced, thus people can still go to foreign online gambling sites.

Gambling Taxes and Fees

To the best of the writer’s knowledge, information on taxes and fees on gambling in Equatorial Guinea is limited. If there is any information that you may have as regards the taxation rates, feel free to comment on this page so that more information could be added.

Forbidden and Permitted Bets

In view of the existing legislation, any type of gambling not regulated by a license is against the law. However, this law is not frequently enforced to the best of my knowledge. Thus, the residents of the country are able to engage in online sports betting with the foreign bookmakers and there are no consequences for this in the eyes of the law.

Sports betting in Equatorial Guinea

Betting on sports is also a favorite pastime of high net worth persons in Equatorial Guinea. Nevertheless, because there are no particular legislations concerning online betting, many locals resort to placing their bets on the international bookies.

Sporting Event Glory Milestones

• 2006: The national football team of Equatorial Guinea got to the FIFA World Cup.
• 2012: The country was one of the hosts of the African Cup of Nations together with Gabon and the matches were held in Malabo and Bata.
• 2016: In the finals, Cameroon was defeated by Equatorial Guinea to crowned champions of the Women’s African Nations Cup.
• 2017: Mens basketball team was able to clinch the FIBA Africa Championship.
• 2004: In the 200 meters race at the Athens Olympics the Kenyan athlete David Kibet clinched the gold medal.

Conclusion

Equatorial Guinea provides a rather specific environment for gambling fans, especially those eager to place a bet on sports. Thus, although the legal framework is still in the process of being developed, the country’s relative permissiveness towards foreign-based online betting sites is an inviting prospect for punters. In the future, it will be imperative to find out the current and relevant rules and laws of Equatorial Guinea sports betting for anyone who wishes to participate in the market.

FAQ on Equatorial Guinea Bookmakers

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