The Seychelles, a beneficially located archipelago in the Indian Ocean, is rapidly growing into a significant online gambling jurisdiction. Its government is actively promoting the strengthening of a sustainable and secure casino business infrastructure.
Market’s Economic Rise: Reasons
According to industry analysts, the state’s online GGR will nearly double by 2031, from $38 million in 2025 to $74 million. These figures represent a compound annual growth rate of 11%.
Such a positive development trend is due to the existence of a clear licensing system and the government’s commitment to diversifying profitable activities beyond tourism. The change in the national strategy has ensured the islands' economic stability and high investment attractiveness.
The transformation began in 2023 with the introduction of legislative reforms, including fixed certification fees and clarified requirements for operators' activities. Prior to this, a document covering real-money entertainment was the Gambling Act of 2014.
Currently, the industry is overseen by the Financial Services Authority, which is responsible for:
- issuing licences to operators;
- regulating cash flows in the state;
- supervising the iGaming segment;
- insuring markets and investment capital;
- monitoring international companies' compliance.
The body’s main goal is to foster the development of the country’s commercial sector through modern laws and legal practices. As the vertical evolves, the number of active users on web gambling platforms is also increasing. Their quantity is projected to rise from 14,000 to 29,000 in the next 6 years.
iGaming Niche’s Impact on the Economy
Regulation of the industry is becoming a long-term financial driver for the state. Independent experts estimated that Seychelles' tax revenues in 2022 amounted to $560.5 million, which is 27.2% of GDP. With the digital sector growing at 11% annually, larger profits are guaranteed.
These funds are used for:
- scaling the web infrastructure;
- improving educational programs;
- strengthening public administration.
The market’s expansion also contributes to the creation of skilled jobs and the emergence of brand-new vacancies in the IT, fintech, customer support, and compliance fields. The authorities are pursuing a balanced approach, combining commercial trends and social responsibility in optimal proportions. This evolution is reminiscent of the models applied in Malta or Curaçao, but with national nuances.
Clear regulations, an investor-friendly system, and technologically advanced infrastructure make the Seychelles a beneficial target for financing the online gambling business in Africa. The implementation of standardised compliance rules positions the country as a new, favourable hub for digital funding beyond tourism.
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