Equatorial Guinea guarantees refunds for betting accounts
By the AFREEQUE newsroom, based on Real Equatorial Guinea
Equatorial Guinea will allow customers of suspended betting and online casino platforms to recover funds held in their accounts and unwithdrawn winnings. A committee will receive and monitor claims, according to Vice-President Teodoro Nguema Obiang Mangue.
Customers of betting and online casino platforms closed in Equatorial Guinea will be able to claim funds still held in their accounts, Vice-President of the Republic Teodoro Nguema Obiang Mangue announced. The measure also covers winnings that could not be withdrawn before the establishments closed.
A committee will be set up to receive and monitor users' claims, Teodoro Nguema Obiang Mangue said on the social media platform X. The authorities are investigating companies in the sector after ordering the platforms to close in order to examine their operations and compliance with their legal obligations.
The suspension of activities should therefore not result in users losing the sums held in their accounts, according to the vice-president. Claims will cover both available balances and winnings awaiting payment.
