Equatorial Guinea Temporarily Closes Betting Businesses After Review

Equatorial Guinea has temporarily suspended betting businesses while authorities complete an investigation into alleged licensing, tax and employment violations.

According to the government’s Information and Press Office, preliminary findings were presented at a November 5 meeting chaired by Vice-President Teodoro Nguema Obiang Mangue. The review identified nine gambling-sector companies, with only three land-based casinos considered compliant. 

Authorities Allege Overseas Transfers

Investigators alleged that employees associated with 1xBet transferred more than $4 million to Cameroon and other countries, partly through cryptocurrency, between 2023 and February 2026.

The government account presents these as preliminary investigative findings rather than court-established offences.

Licensing Problems Extend Across Sector

The review identified missing online betting permissions, incomplete financial reporting, unpaid taxes and irregular employee social-security contributions.

Bettomax was treated separately: it held a ten-year licence issued in 2021, but authorities questioned whether that duration complied with the law. The government cancelled the permission and required a fresh application.

Authorities said the closures would remain temporary pending completion of the investigation. The announcement also acknowledged the need to establish a clear legal framework for internet-based betting.