Accessibility, low taxation and moderate requirements for obtaining a Curaçao gaming license make it one of the most attractive for online casino operators worldwide. In 2023, updates are coming to the licensing of this jurisdiction, including the introduction of a new law that could change the entire licensing system.
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The current gambling regime in Curaçao is considered one of the most liberal in the world: low costs, minimal requirements for opening a casino and loyal supervision. Not surprisingly, about 450 companies around the world have chosen to operate under this license, and that number is growing regularly.
The Curaçao Gaming Control Board has announced that a new independent regulator, the Curacao Gaming Authority, is planned to replace the existing regulatory body. Also, instead of sublicenses, the authority will issue independent B2C and B2B licenses to new gambling operators, and those companies that were already licensed under the previous regime will be able to register under the new format. It will be possible to do it during the transition period, which will last 18 months.
Already since 2021, the government of Curacao is in the process of modernizing its gaming legislation to meet international standards and adopt a responsible gambling policy covering all gaming activities that are licensed and will be licensed in the jurisdiction in the future.
Consequently, one of the government’s priorities is to protect the ongoing business conducted by these parties to the extent that they operate legally. At the same time, the government must be assured that the advantage granted will not be misused. It is for this reason that registration through the online portal will be introduced. The new system will include stricter requirements for license holders, among which is the need to maintain higher authorized capital, etc.
About how to get a Curaçao license in 2023, Slotegrator experts told in a new video.
Slotegrator experts regularly follow the news of different jurisdictions. All updates are published in a special section of the company Industry News.
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