What Can We Expect from the Changes to the Curaçao License?
In recent years, the online gaming sector has expanded rapidly, and Curaçao has established itself as one of the top destinations for obtaining gaming licenses. The island is widely recognized as an offshore business hub, attracting new operators due to its flexible approach and easy approval process. However, with the growth of operations and the need to combat illegal gaming, the Curaçao government has announced significant changes to the licensing system. The reforms include the creation of a new regulatory body and the imposition of stricter requirements aimed at making the gaming environment safer and more transparent. In this article, we will explore how the Curaçao license works, the expected changes, and how these reforms impact casino and online betting operators. How Does the Curaçao License Work? The Curaçao license covers a variety of activities, including sports betting, casinos, poker, and lotteries, making it a popular choice for new operators looking to enter the market with fewer barriers. However, the restructuring of the licensing system, announced in 2023, aims to increase transparency by establishing stricter requirements. Previously, the system included master licenses issued by four authorized entities, and sub-licenses granted by the holders of these licenses. This structure created confusion, as the requirements and levels of control varied between operators. In addition to being an important hub for iGaming, Curaçao is also an offshore business center, attracting companies from various sectors. Gambling regulation on the island began in 1993, and it now seeks greater control and transparency in the online market. Types of Games Covered by the Curaçao License: Key Expected Changes to the Curaçao License With the accelerated growth of the online gaming market and the increasing need for more control and transparency, the Curaçao government will implement significant reforms. These changes aim to ensure a safer and more regulated gaming environment. EGS Digital Services is ready to manage the entire licensing process for you, ensuring your operation complies with the new requirements. Below, we highlight the main changes to the Curaçao license: 1. Simplified License Structure The old structure, which included master licenses and sub-licenses, has been replaced. Now, there are only two types of licenses: B2B (Business to Business) and B2C (Business to Consumer). This simplification allows all major online gaming operators to operate under a clearer and more straightforward set of regulations. 2. Centralized Authority All aspects related to licensing and compliance will be managed by the newly created Curaçao Gaming Control Authority (CGA). This centralization aims to increase efficiency and effectiveness in overseeing the industry, ensuring that all operators meet the required standards. 3. Simplified Application Process To facilitate access to licensing, operators can now submit their applications easily through an online portal. 4. One-Year Validity The new licenses will be valid for one year, requiring operators to stay alert to possible revocations or legislative changes during this period. This means that continuous compliance will be essential for maintaining the license. 5. License Scope The new license allows for the provision of remote gambling services, ensuring that operators can offer a wide range of online games, from casinos to sports betting, within the new regulatory parameters. Initial Timeline for the Curaçao License Changes *This timeline is subject to change! Impact of the New Rules on Casino and Betting Operators The new regulations bring both advantages and challenges for operators who already have or are seeking a Curaçao license. Let’s explore these points below: Advantages Challenges How to Prepare for the Changes to the Curaçao License If you are an online casino operator who already holds a Curaçao license or is considering applying for one, it is important to be aware of the changes that will come into effect. At EGS Digital Services, we understand that dealing with bureaucracy can be complicated, but we are here to handle everything for you. Conclusion EGS Digital Services aims to simplify the licensing process as much as possible. With our expertise, you don’t have to worry about the new requirements or the complexity involved. We take care of all the documentation and ensure that your operation complies with the rules, allowing you to focus your efforts on growing your business. Count on us to manage all the bureaucracy and simplify your journey in the online gaming sector. We are dedicated to helping you succeed, so don’t hesitate to contact us.
