Curaçao Grants 1st Licenses Below Unused Legislative Regime

Below the rustic’s unused regulatory regime, Curaçao’s legitimate regulator of the land-based casino trade, the Curaçao Gaming Regulate Board (GCB), has granted its 1st licenses.

First licenses:

The corporate that gained the inaugural direct license is White Big name BV, a section of Rhino Leisure Team, and the license is for its flagship emblem CasinoDays. Beside this, the mentioned regulator additionally issued Virtual Seals to a few leading operators similar to Tiny Space, Geeka Company and Video games and Extra, supporting all manufacturers and domain names underneath their jurisdiction with the formal Virtual Seal of validation from the mentioned regulator.

The affirmation of the license came about most effective 12 weeks following the beginning of the licensing procedure for the latest regime in Curaçao. On this sense, the registration portal used to be officially opened in September. On the other hand, candidates weren’t allowed to check in until November 1.

The aforementioned portal processes unused packages based on present law with the regulator and registers any sub-licensee who needs to proceed working following the adoption of the Nationwide Ordinance for Video games of Probability (LOK). As quickly because the LOK comes into power, the unused Curaçao Gaming Authority (CGA) will formally input the scene.

Commenting at the first licenses, Managing Director of the GCB, Cedric Pietersz, commented: “2024 heralds a transformative period in the regulatory landscape of Curacao’s gambling sector. Since opening our doors to applications less than 12 weeks ago, the volume of submissions has far exceeded our expectations. White Star’s licensure holds a special place in our hearts and history. It signifies a pivotal moment for Curacao’s evolution into a top-tier gambling jurisdiction with many more licences in process.”

Relatedly, commenting at the untouched direct license, Ross Parkhill, CEO of Rhino Leisure Team, mentioned in step with the supply: “Being the first to receive this direct licence is not only a privilege but a thrilling endorsement of our commitment to excellence and responsible gaming. We wholeheartedly support Curacao’s enhanced regulatory processes, recognizing the added value and prestige it brings to our licence. We look forward to fostering an open and communicative relationship with the GCB, ensuring a bright and compliant future for online gaming.”

Getting rid of indecision in Curaçao:

Even though there may be sturdy aid for the converting regime within the nation, some indecision left-overs. Recently, the mentioned nation operates based on Nationwide Ordinance on Offshore Video games of Danger (NOOGH) law. On the other hand, this will likely be amended by way of the aforementioned LOK.

In January, experiences emerged that LOK, which formally entered parliament within the utmost era of 2023, were refused. However the ones experiences became out to be fraudelant alarms.

Afterwards, Curaçao’s Minister of Finance, Javier Silvania, printed a commentary expressing his disapproval on the outrageous “misinformation” about LOK. He moreover supplied 2 clarifications in regards to the procedure. The previous supplies a ultimatum in opposition to incorrect information, time the terminating verifies that the license issuing procedure by way of the GCB remains utterly the similar.