Below the nation’s contemporary regulatory regime, Curaçao’s official regulator of the land-based on line casino trade, the Curaçao Gaming Management Board (GCB), has granted its 1st licenses.
First licenses:
The corporate that obtained the inaugural direct license is White Star BV, a division of Rhino Leisure Group, and the license is for its flagship model CasinoDays. Beside this, the stated regulator additionally issued Digital Seals to three well-known operators corresponding to Small Home, Geeka Company and Video games and Extra, supporting all manufacturers and domains beneath their jurisdiction with the formal Digital Seal of validation from the stated regulator.
The affirmation of the license occurred solely 12 weeks following the beginning of the licensing course of for the most recent regime in Curaçao. On this sense, the registration portal was formally opened in September. Nevertheless, candidates weren’t allowed to register until November 1.
The aforementioned portal processes contemporary purposes in accordance with current laws with the regulator and registers any sub-licensee who needs to proceed working following the adoption of the Nationwide Ordinance for Video games of Likelihood (LOK). As quickly because the LOK comes into pressure, the contemporary Curaçao Gaming Authority (CGA) will formally enter the scene.
Commenting on the primary licenses, Managing Director of the GCB, Cedric Pietersz, commented: “2024 heralds a transformative interval within the regulatory panorama of Curacao’s playing sector. Since opening our doorways to purposes lower than 12 weeks in the past, the amount of submissions has far exceeded our expectations. White Star’s licensure holds a particular place in our hearts and historical past. It signifies a pivotal second for Curacao’s evolution right into a top-tier playing jurisdiction with many extra licences in course of.”
Relatedly, commenting on the brand new direct license, Ross Parkhill, CEO of Rhino Leisure Group, stated in line with the supply: “Being the primary to obtain this direct licence will not be solely a privilege however an exciting endorsement of our dedication to excellence and accountable gaming. We wholeheartedly assist Curacao’s enhanced regulatory processes, recognizing the added worth and status it brings to our licence. We look ahead to fostering an open and communicative relationship with the GCB, making certain a shiny and compliant future for on-line gaming.”
Eliminating uncertainty in Curaçao:
Though there may be sturdy assist for the altering regime within the nation, some uncertainty stays. At the moment, the stated nation operates in accordance with Nationwide Ordinance on Offshore Video games of Hazard (NOOGH) laws. Nevertheless, this might be amended by the aforementioned LOK.
In January, reviews emerged that LOK, which formally entered parliament within the final month of 2023, had been refused. However these reviews turned out to be false alarms.
Afterwards, Curaçao’s Minister of Finance, Javier Silvania, printed an announcement expressing his disapproval on the outrageous “misinformation” about LOK. He moreover offered 2 clarifications relating to the method. The previous supplies a warning towards misinformation, whereas the latter verifies that the license issuing course of by the GCB stays fully the identical.
