Curacao is an island that is part of the Dutch Caribbean which known formerly as the Netherlands Antilles. Since 1996, Curacao has been regulating online gambling and e-gaming activities making it one of the oldest running and well-known jurisdiction that provides licenses to gambling and gaming companies operating online. Today, almost all the biggest active casinos online have been operating under this license.
“Since it started operating as a regulating body on gambling activities, Curacao has steadily developed into a respected and well-known licensing body for many online casinos that exist on the Internet.”
The Gaming Control Board Curacao (GCBC) regulated both operations in land-based and online based casinos. The GCBC was founded in 1999 and still exists today as a regulating body that has the specific task of controlling casino gambling in Curacao. It is tasked to regulate the licensing, casino set-ups, collect tax for revenue, compliance with laws and ensuring that casinos follow and promote responsible gaming to its players.
In 2002, the online gaming was separated from the GCBC and was under new regulation. Land-based casinos acquire a license directly from the company while online casinos must acquire a Curacao license that is granted by the Curacao E-Gaming. This company supervises Curacao online casinos and the game providers and ensures that they follow and meet the criteria set by the company before a license is granted to an online casino.
Since its operations in regulating gambling activities, Curacao has developed into one of the respected and best-known jurisdictions for many online casinos on the Internet. Curacao provides online gambling operators with iGaming Licenses and IP (Information Provider) compliance services to those online gambling companies that qualify for the license grant.
Under the jurisdiction of Curacao, all gambling companies and operators are ensured to follow conditions and sets of laws about responsible gambling which includes imposing age restrictions on minors. Age restriction should be imposed on players under a minimum of 18 years of age in combination with the age restrictions of the player’s origin or country.
Unlike other licensing bodies that provide legal permission from different jurisdictions such as the Malta Gaming Authority, Curacao only provides a single type of license. This license covers all types of interactive games online, including lotteries, online sports betting platforms, standard casino games and other e-gaming entities. Curacao is also known as the “master license” as it gives the opportunity to sub-license third parties under the master license’s responsibility.
The license is divided into two parts:
This license grants operators the right to run an online gaming company as well as the right to offer sub-licenses to other parties. There are master license holders that offer new businesses in the gambling market complete licensing solutions including, business license, sub-license, hosting and other services in a much cheaper fee than doing it alone. The Master Gambling license includes a $34,000 setup fee, then $5,600 per month for the first two years.
This license grants operators the right to run an online gaming company only. However, it has no right to give licenses to other parties.
The license granted by Curacao allows gaming companies to run online slots, scratch cards, table games, poker rooms, live casino games, and sports betting. There are not many market restrictions under this license which makes it attractive to new companies wanting to have casino services and a license that is easy to acquire.
Curacao has been long recognized as one of the preferred jurisdiction to base their operations by online gambling operators since it is easier to acquire, unlike the other available licensing bodies. Any casino that displays the Curacao license on its website has been through licensing procedures, assessment, and auditing by authorities of Curacao.
Regulations for Potential Players
Under laws and regulations of Curacao, gambling is strictly regulated that all land and online-based gambling operators are required to promote and practice responsible gaming in the casinos and other gambling platforms. Not just the operators but the players as well must be of legal age when they participate in any forms of gambling. The government of Curacao is firm in making known of the responsibilities of the operators to its players and vice versa.
For most countries, gambling when you are under the acceptable legal age of 18 is considered outlaw. Thus, it is the sole responsibility of the players to inquire about the active laws existing within their country in relation to gambling. To also impose responsible gambling and at the same time legal gambling, all internet gaming websites are required to impose age restrictions on anyone who is not yet of legal age to gamble.
Responsible Gaming & Player Protection
Since 2014, The Kingdom of the Netherlands has been a part of the Financial Action Task Force (FATF) wherein there are 36 members in the present. Under the organization, Curacao became a part of the Caribbean Financial Action Task Force (CFATF) which is an associate company of the FATF. Curacao agreed to undergo evaluation and implement all FATF recommendations in order to comply with the membership criteria of the FATF. Casinos are required to remain compliant with the current anti-money laundering law and terrorist financing provisions and guidelines in order to remain eligible for the Curacao license.
Curacao licensed online casinos have had a bad reputation in the past years due to its customer support and player protection in which the government has been striving to find ways for them to improve. Since 2014, as Curacao became part of the CFATF, the gambling in Curacao is mapped out by the CFATF and FATF. Thus, the regulations of Curacao on gambling must be in compliance with the regulations imposed by the organization. In relation to this, the gaming control body for land-based gambling imposes that the casino and players must comply with the new sports betting and UN notifications which are discussed on the website of the gaming commission. Online casino operators are also required to have a custom control standard to offer the players. The Curacao Internet Gaming Association acts as both the regulating body and licensing company for which online casino operators are to impose an audit trail concerning player registration and financial transactions for new and existing players of the casino.
The Curacao Internet Gambling Association (CIGA)
The CIGA is dedicated to working on behalf of its member companies in Curacao in making sure that all members abide and agree to the code of conduct that ensures compliance with the licensing requirements set by the regulating body.
Online Gambling License
There is definitely one good reason why a lot of gambling operators apply for a Curacao license. The popularity of Curacao licenses to many online casino operators can be largely attributed to their convenience. Unlike other licensing bodies such as Malta, Curacao only offers a universal license to grant gaming merchants. Since Curacao offers only one iGaming license that covers all forms of online interactive games such as the casino, poker, lottery, sports betting, and etc., there is no need for the operators to apply for multiple online gambling licenses.
Player Security and Privacy
Curacao put a great deal of attention when it comes to providing security and privacy of players by providing modern solutions such as the use of private cloud servers to store information which ensures protection and prevents any unauthorized interference that may cause a leak of information from the casino.
All casinos that are licensed under Curacao use reliable and cutting-edge server technology that provides casinos fast speed connectivity which any player looks forward to in any casino. This means that with such a modern solution, there are fewer lags on the server, more stable connections and less waiting time to load any games available in the casino.
Curacao also provides its licensed casino with a full range of fraud prevention services which offer an efficient and advanced identity matching solution that ensures the privacy of information within the casino. With such technology, players are ensured of a swift and secure an exclusive exchange of info between the players and the casino.
Mission and Objective
Since the start of the Curacao gaming authority in regulating and granting licenses to online gambling platforms, they achieved unexampled recognition for their dedication to bringing something new in the market making it the leading body in the e-gambling industry. Curacao also pledges to continue working on establishing fairness and safety in all of the casinos to which they have awarded licenses and make them become the casinos that the people can trust.
Recommended Curacao Gaming Control Board Licensed Casinos
Curacao is a long-running and well-known jurisdiction that has been licensing many casinos online. Here are some of the casinos you can find online:
ComeOn Casino, West Casino, Lapalingo Casino, BitStarz Casino, Vikz Casino, King Billy Casino, Wild Tornado Casino, Campeonbet Casino, SlotsMillion Casino, Champagne Spins Casino, Fantasino Casino, Golden Star Casino, Space Casino, Jetspin Casino, Casimba Casino, Gunsbet Casino,Cadoola Casino, Everum Casino, Casino Room, Alf Casino, Wildblaster Casino, Bob Casino, QBCasino, Red Ping Win Casino, Genesis Casino, Codeta Casino, Miami Dice Casino, Konung Casino, Mucho Vegas Casino, Casino Estrella, Loki Casino, Fruity Casa Casino, Omni Slots Casino, Stakes Casino, Yoyo Casino, Boaboa Casino, RioBet Casino, Casinia Casino, No Bonus Casino, Casino Jefe, Spinson Casino, VulkanVegas Casino, PlayFortuna Casino, LuckyDino Casino, Wintika Casino, React Casino, Lucky Casino, Megawins Casino, Viggoslots Casino, Magical Spin Casino, Faustbet Casino, All British Casino, Das Ist Casino, Caribic Casino, MalinaCasino, Reel Island Casino, Reel Emperor Casino, PWR.bet Casino, Casino Columbus, LSbet Casino, Sugar Casino, MoboCasino, EatSleepBet Casino, Betzest Casino, 21 Casino, Global Live Casino, BOSS Casino, All Irish Casino, TS Casino, Vulkan Bet Casino, VegasBerry Casino, and many more.
Advantages of Curacao e-gaming License
- Fast licensing procedure
- Inexpensive licensing procedure
- Favorable tax laws
- The simplicity of gambling laws
- One license for all
- Technical and financial support
There are a lot of gambling operators that have chosen Curacao due to its convenience. Online casinos do not need to go through hoops and loops just to acquire a license in order to operate legally to a specific target market. Not only that it has a relatively quick licensing procedure, it also offers low tax. In fact, only 2% of the casino’s total revenue is needed to comply with the taxation process. It is also inexpensive getting a Curacao license despite being quick with its licensing procedure.
Curacao also does not set its bar high when it comes to licensing casinos. This means that new businesses and potential casinos are even welcome to apply for a license. As long as you have the cash and a legitimate casino to offer, then getting an approval for this license is just an arm’s length away.
Another thing that makes Curacao attractive to many online casinos is the simplicity of its gambling laws. Unlike other licenses that require different licenses for every type of gambling operation, Curacao offers only one license that covers all gambling operations such as the casino, sportsbook, and etc. This means that operators do not go through a rough process of obtaining different licenses for each of their gambling operations.
Lastly, Curacao e-Gaming also provides dedicated services such as private cloud servers, international finance and other technical and financial support for the online gambling industry.
Disadvantages of Curacao E-gaming License
- Does not have high standards
While it might be a good thing for a licensing standard to not set too high standards in accepting casinos for licensing approval, it can also act as a disadvantage to the licensing body. Having a license from Curacao does not really mean that the casino is one that can be trusted. Although all Curacao licensed casinos underwent inspections and have complied with the right requirements set by the licensing body, it does not change the fact that it is much lenient compared to any other licenses out there. This means that casinos under this license may be less regulated and players cannot just simply trust a casino just because of its license alone.