Introducing the New 2023 Curacao Gaming License

Jul 21, 2023

Exciting developments are underway in Curacao’s gambling industry, as the country gears up to issue new licenses directly to gambling operators from September 1, 2023. This eagerly awaited regulatory change, deemed “unavoidable” by Minister of Finance, Javier Silvania, was announced during his speech at iGaming NEXT in Malta on June 22, 2023.

The Key Changes: National Ordinance on Games of Chance (LOK)

The cornerstone of this reform is the National Ordinance on Games of Chance (LOK), which has already been presented to the country’s Council of Advice and is now on its way to parliament. The LOK gaming license is set to replace the current master and sub-license system, where only four master license holders are authorized to issue sub-licenses to operators.

Focus on Online Gaming and the Curaçao Gaming Authority (CGA)

While LOK 2023 introduces provisions applicable to all games of chance in Curacao, the government’s initial focus will be on online gaming. To ensure a smooth and secure regulatory environment, the LOK includes the establishment of the Curaçao Gaming Authority (CGA), an independent administrative body. The CGA’s role is to not only prevent but also mitigate any unwelcome and unlawful activities related to gambling.

Seamless Transition for Existing Operators

Minister Silvania reassured existing operators that they can continue their business without interruption during the transition period. To facilitate this process, the Gambling Control Board (GCB) will launch a dedicated portal to streamline the license application process. Moreover, Curaçao master license holders will receive a license extension of up to one year until the new gambling law is fully enforced.

Transition Period and New Licensing Framework

Upon the enactment of the LOK, master license holders will transition to the new regulatory regime automatically. They must comply with the specified policies and regulations. Sub-licensees who wish to continue under the new framework will have a three-month transition period. During the application and processing period, sub-licensees can continue operations. They can operate for up to nine months after the LOK is implemented. However, operators who do not transition to the new licensing regime must cease operations. They must do so once their relevant master license expires.

Application Process for New Licenses and How We Can Assist

From September 1, the Gaming Control Board (GCB) will begin issuing new licenses directly to operators. These new license holders will not be allowed to issue sub-licenses. We understand that navigating the licensing process might seem complex. However, we’re here to help you every step of the way.

Our team can assist you in completing the necessary forms and compiling relevant supporting documentation for a smooth application process. We’ll ensure your license application meets all requirements, including Know Your Customer (KYC) checks. Additionally, we adhere to the highest standards of player protection, AML procedures, KYC, responsible gaming measures, and information security.

Curacao’s gaming landscape is evolving. Securing your 2023 NEW License with LOK offers an opportunity to thrive in this dynamic market. Let us assist you in taking this exciting next step for your gambling business. Reach out to us today to learn more about our support and services.

Navigating the New Curacao Licensing Regime: What Operators Need to Know

The new Curacao licensing regime, including the LOK, brings important changes for both master license holders and sub-licensees. Operators must adhere to the new regulatory framework to continue operating in compliance. Understanding the transition process and ensuring your hosting infrastructure is aligned with these changes is crucial for ongoing success. For businesses navigating these updates, HostingB2B offers robust hosting solutions tailored to the evolving needs of the iGaming industry. Learn more about how HostingB2B plays a crucial role in supporting online communities and iGaming operators by reading our article on The Role of HostingB2B in Online Communities.

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