Economics and statistics

Equatorial Guinea's gambling market is compact and niche: revenue is generated mainly by ground sites (hotel casinos in Malabo and Bath) and bets, and the online segment is growing pointwise thanks to smartphones and local fintech solutions.

Calculations are carried out in XAF; in circulation - cash, POS payment by cards and bank transfers, mobile wallets are used as providers connect.

Operators' revenue is measured by GGR; main expenses - content, processing, personnel/service, compliance and marketing.

The tax burden includes royalties and taxes on gross gaming income, plus council fees.

Key metrics: MAU/DAU, deposit conversion, ARPU/ARPPU, D7/D30 retention, average check, share of non-cash payments and payment rate (T + 0/T + 1).

Drivers - corporate and tourist traffic, service improvement and gradual digitalization; risks - a small base of solvent demand, seasonality of tourism, acquiring costs and limited competition of payment providers.