{"id":338,"date":"2023-07-16T10:24:14","date_gmt":"2023-07-16T10:24:14","guid":{"rendered":"https:\/\/hunzavalley.org\/its-almost-started-but-most-players-wont-notice-the-changes-to-curacao-online-casino-licenses\/"},"modified":"2023-07-16T10:24:15","modified_gmt":"2023-07-16T10:24:15","slug":"its-almost-started-but-most-players-wont-notice-the-changes-to-curacao-online-casino-licenses","status":"publish","type":"post","link":"https:\/\/hunzavalley.org\/its-almost-started-but-most-players-wont-notice-the-changes-to-curacao-online-casino-licenses\/","title":{"rendered":"It’s almost started, but most players won’t notice the changes to Cura\u00e7ao online casino licenses"},"content":{"rendered":"

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From September 1st everyone The new licenses will be issued by the Gambling Control Board <\/strong>(GCB) from Cura\u00e7ao.<\/p>\n

In a current iGB LIVE<\/a> (iGaming Business Conference) from the Ministry of Finance of Cura\u00e7ao, Sixienne Jansen explained how the online gaming licenses issued by the jurisdiction of Cura\u00e7ao will work from September 1st, 2023 according to the National Gaming Ordinance (LOK) of Cura\u00e7ao.<\/p>\n

LOC Not yet the law of the country<\/h2>\n

It is important to note that the LOC is not yet the “state law”, but there are binding agreements between Cura\u00e7ao and Amsterdam on its content and full implementation. After August of this year, new licenses will be issued to master license holders under the new rules, although the LOC has not yet been submitted to Parliament<\/strong>. To ensure continuity, all four master license holders will automatically receive one of the new licenses on September 1st. The license will be provisional and valid for one calendar year<\/strong>.<\/p>\n

The LOC will reform how online gambling licenses work foreign operators<\/a>. Almost all licensed offshore casinos available to players in the United States are licensed and regulated by Cura\u00e7ao.<\/p>\n

Under current law, there are four main license holders in Cura\u00e7ao, and these license holders can \u201csub-license\u201d operators of any game of chance or skill, be it poker, table games, betting, online casino, lottery or any other form of remote play. It is estimated that there could be as many as 12,000 licensed gambling operators on Cura\u00e7ao. However, the number of active traders is likely to be significantly lower.<\/p>\n

The Cura\u00e7ao government plans to convert the entire system into one gradual reform without interrupting ongoing business operations.<\/strong><\/p>\n

According to Jansen: “No operator is forced to suspend or cease operations as a result of ministry action. One of the key elements of the transition to the new regime is to allow for the uninterrupted continuity of all activities of sub-license holders.\u201d<\/em><\/p>\n

When the LOC comes into force, all “under-licensed” operators will have only one option 90 days to apply <\/strong>a new license regardless of the remaining term of your previous license. However, main license holders will no longer issue new permits and all provisional or provisional licenses will be issued directly by the Cura\u00e7ao Gaming Control Board (GCB). These licenses are later automatically converted into LOK licenses.<\/p>\n

New regulation to comply with international standards<\/h2>\n

However, the new regulation will be somewhat stricter to better match international standards. While current license holders already have specific obligations and are verified by master license holders, the LOC requires operators to submit three forms, while the application process under the current regime has never been fully explained to the public.<\/p>\n