The current gambling regime in Curaçao is considered one of the most liberal in the world, with its low costs and minimal requirements when opening a casino, as well as business-friendly supervision. Not surprisingly, about 450 companies around the world have chosen this license, and that number is growing regularly.
The Curaçao Gaming Control Board has announced plans to create a new independent regulator, the Curacao Gaming Authority, to replace the existing regulatory agency. In addition, instead of the previous system (four master license holders had exclusive rights to issue sublicenses and oversee licensees), the new body will issue new operators with independent B2C and B2B licenses.
Companies already licensed under the previous regime will have the opportunity to register in the new format during an 18-month transitional period.
The regulatory overhaul is focused on preventing criminal activity, protecting participants, safeguarding against problem gambling and protecting the jurisdiction’s reputation.
One of the government’s priorities is to protect the ongoing business conducted by current licensees to the extent that they operate legally while preventing misuse of the advantage. To aid in that pursuit, registration through an online portal will be introduced. The new system will include stricter requirements for license holders, among which is the need to maintain a higher share capital.
Check out Slotegrator’s new video about obtaining a Curaçao license in 2023 here
