On this new evaluation, Slotegrator provides insights into the state of affairs with the Curaçao license and shares key information and conclusions.
The Curaçao gaming license has lengthy been a best choice for brand new on-line on line casino and sportsbook operators, however instances are altering, and playing rules in Curaçao are going by a transitional interval. The state of affairs is predicted to stabilize in September 2024, however what’s happening within the meantime?
The state of affairs in Curaçao continues to be in flux, and will change at any second. Right here’s what’s essential to know now:
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The LOK (Nationwide Ordinance for Video games of Likelihood) entered parliament in December 2023, the place it’s nonetheless being processed. In a press release issued on January 11, Curaçao Minister of Finance Javier Silvania acknowledged that the LOK would naturally result in a “wider debate” amongst members of parliament. In the identical assertion, he warned in opposition to misinformation concerning the upcoming rules (there have been rumors it had been rejected) and reiterated the truth that the ultimate phrase for all info concerning licensing rules, phrases, and charges is to be discovered solely on the official web site of the Curaçao Gaming Management Board or by the Ministry of Finance. He additionally confirmed that the present course of for granting licenses underneath the NOOGH continues to use. Nevertheless, after 31 March 2024, it would not be doable. The GCB has additionally renewed all gaming licenses in Curaçao, with the primary renewal expiring in August 2025. The final one will probably be renewed in January 2025.
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On January 1, 2024, a particular digital seal was launched for on-line casinos holding a Curaçao license. The Playing Management Board (GCB) developed this digital stamp to stop on-line casinos from trying to falsely signify themselves as Curaçao license holders. Allow holders place this digital seal on their web site so gamers can instantly see that the on line casino holds a legit license. An official press launch from the Ministry of Finance studies that not each sublicense holder will have the ability to use the digital seal; it would solely be granted completely to suppliers who’ve efficiently accomplished the registration process on the Playing Management Board (GCB) portal.
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Initially of February 2024, the information broke: the Curaçao Gaming Management Board had issued its first direct license. The pioneer who bought this license is White Star (a division of the Rhino Leisure Group), who acquired the license for his or her CasinoDays platform.
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Current sublicensees don’t have any want to fret. They’re anticipated to be grandfathered into the brand new system and given a 12-month transitional license, throughout which period they will rise up to hurry with the brand new rules.
Within the midst of change, there’s one factor we should not overlook: Curaçao has the longest monitor file of any jurisdiction within the iGaming trade (authorities started to challenge licenses in 1996).
The Curaçao gaming license is thought for a couple of advantages:
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Assured safety. Getting licensed offers operators peace of thoughts to allow them to do enterprise with out having to fret about authorized repercussions.
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Credibility & validity. As a result of vetting course of that operators need to undergo, having a license grants the on line casino a major quantity of legitimacy in gamers’ eyes.
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Confirmed status. Having a license contributes to the iGaming ecosystem, preventing stigmas and serving to create a good and clear gaming trade.
So as to not get misplaced within the new points of the acquisition of the Curaçao license, you possibly can outsource the trouble of making use of for a playing license by making the most of Slotegrator’s jurisdictional and authorized advisory providers. As a substitute of stressing, flip your consideration to legit enterprise issues like advertising and marketing efforts to draw gamers.
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