For many years, the Curaçao gambling licence has been considered one of the best solutions for entrepreneurs taking their first steps in the iGaming niche. The jurisdiction’s permit allows operators to work in any of the wagering verticals, from lotteries and online casinos to sports betting.
The Slotegrator company has conducted an in-depth analysis of the Curaçao authorities and amusement market to highlight several important aspects regarding their state.
Current Regulatory Situation
The local licensing scheme is now undergoing a substantial transformation. The legislation framework is expected to stabilise in September 2024.
Absorbing the New Rules
The National Ordinance for Games of Chance (LOK) was submitted to Parliament in December last year and is still under consideration.
At the beginning of 2024, Javier Silvania, the island’s Minister of Finance, assumed that the freshly offered standards would lead to serious debate. There is a high probability of spreading misinformation among the population. For example, according to some rumours, the LOK was rejected. The lawmaker highlighted that people should trust only the facts posted on the official portals of GCB or his Ministry.
Despite heated discussions of legislative changes, the NOOGH, which is the previous scheme for issuing gaming permits, is still available to everyone. It will be valid until March 31.
The government has also extended all existing permits until 2025 inclusively:
- the 1st renewal will expire in August;
- the last one will be prolonged in January.
So, licensed operators who already cooperate with the jurisdiction still have time to resolve any related issues and can work under the standard norms for a while.
Digital Seal for Online Casinos
From January 1, all local permit holders will be issued a special virtual stamp by the GCB to prevent dishonest operators from impersonating entrepreneurs with a Curaçao certificate. The solution should be placed on entertainment platforms to convince players that the business operates legally and transparently.
The use of the seal will not be available to every sublicence holder. Only those companies that have completed the registration on the GCB website will receive it.
Other Recently Revealed Nuances
At the beginning of February, it became known that the jurisdiction had issued the 1st direct permit to Rhino Entertainment Group’s branch, White Star. The brand acquired the document for its CasinoDays portal.
Talking about existing sublicensees, they are expected to transition to the new regulatory realm gradually. These entrepreneurs will first be issued a special interim certificate with a limited validity period of up to 12 months. According to the local authorities, this time is enough to adapt to fresh regulatory standards and undergo new-type registration without pausing current work.
Benefits of Curaçao's Licence
Despite the legal turbulence and some uncertainty, many operators continue to consider the island the best choice for registering gaming projects. The jurisdiction is one of the oldest in the world, which makes it even more authoritative and prestigious. The country began issuing permits for online casinos back in 1996.
Reasons to choose Curaçao as a destination for iGaming project registration:
- Security guarantees. The regulatory body provides its applicants with a reliable and fair business environment that allows them to conveniently plan commercial activities for many years ahead.
- Thorough compliance protocols. Each operator must undergo a serious multi-level verification. Licences are obtained only by those who have proven the responsibility and financial stability of their projects, which evokes trust in players.
- Impeccable reputation. The island has created a transparent business realm and is actively combating the shadow segment. The local authority collaborates with leading international associations and independent bodies controlling iGaming activities.
You can learn more about the situation in the global gambling market and order a turnkey website with slot machines at the Casino Market aggregator. We also assist entrepreneurs on their way to obtaining licences.
Feel free to contact us if you are willing to start or continue your entrepreneurial path with the help of a reliable partner.
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