Curacao has earned its reputation as one of the top destinations for online gaming due to its stringent regulatory framework and commitment to player protection. The Curacao Internet Gaming Association (CIGA) acts as a strict regulator, ensuring fair practices and ethical dispute resolution. This regulatory oversight instills confidence among players and operators alike.
The CIGA maintains comprehensive player records, including personal details and transaction history, which reinforces the transparency and accountability of online gaming providers. This dedication to maintaining paper audit trails further enhances the trustworthiness of the industry in Curacao.
How can I obtain a Curacao gaming license?
To obtain a Curacao gaming license, you must fulfill certain requirements, including:
- Ownership of a company registered and domiciled in Curacao.
- Nomination of a local director or representative.
- Publication of a detailed description of the games of chance to be offered.
- Ownership of an internet domain.
- Operation of at least one physical server belonging to the company in Curacao.
- Commitment to anti-money laundering (AML) procedures.
- Willingness to undergo audits of all gaming systems and software.
- Agreement not to register individuals under the age of 18 or residents of the United States, the Netherlands, Curacao, and other island territories.
What is the cost of a Curacao gaming license?
The cost of a Curacao gaming license is negotiated with the owner of a Curacao master gaming license. The price may vary based on demand, which is currently high and expected to increase further, especially with the growing popularity of online gaming during the global pandemic. It is advisable to obtain your license sooner rather than later. Szilaghi Consulting has extensive experience in negotiating the best possible price with master license holders, ensuring a favorable deal for our clients.
What are the benefits of a gaming license?
Obtaining a Curacao gaming sub-license allows you to operate an online gaming website based in Curacao and offer a wide range of e-gambling services, including online poker, baccarat, slot machines, sports betting, and lottery games. The license demonstrates compliance with regulatory standards, provides credibility to your operations, and allows you to tap into the thriving online gaming market.
How can I apply for a Curacao gaming license?
To apply for a sub-license, your company must be registered in Curacao. Our expert team at Szilaghi Consulting can handle the necessary procedures to obtain the license, set up your company, and establish payment and banking accounts. The application process requires full compliance with due diligence and know your customer (KYC) procedures, identification of Ultimate Beneficial Owners (UBOs), satisfactory references on UBOs, and a transparent description of the games to be offered. Once approved, your company can register the sub-license and begin running internet gambling operations in Curacao.
Update January 2023
As of the latest update rolls out, the Curacao Gaming Control Board (GCB) has continued to make significant advancements in the regulation of the gaming industry in Curacao. These developments aim to enhance transparency, integrity, and customer protection within the gaming sector.
Here are the key updates in the Curacao gaming industry:
- Strengthened Due Diligence: The GCB has implemented more rigorous due diligence requirements for individuals and entities applying for gaming licenses. This includes thorough background checks and a heightened focus on ensuring transparency in the ownership and control structures of gaming businesses.
- Heightened Customer Protection: The GCB has taken steps to bolster customer protection measures. This includes the introduction of a comprehensive player protection policy that safeguards the interests and well-being of players. Additionally, a player protection fund has been established to provide assistance and support to players when necessary.
- Enhanced Compliance Measures: To ensure compliance with international standards and best practices, the GCB has adopted a risk-based approach to regulation. This approach helps identify and address potential risks more effectively. Furthermore, the implementation of a robust compliance management system strengthens the overall regulatory framework.
- Strengthened Collaboration: Recognizing the importance of international cooperation, the GCB has fostered increased collaboration with other regulatory bodies worldwide. This collaboration aims to enhance oversight and regulation of the gaming industry in Curacao, aligning it with global standards and practices.
These developments have contributed to improving the reputation and stability of the gaming industry in Curacao. As a result, Curacao continues to be an appealing destination for gaming businesses, offering a regulated and trustworthy environment for their operations.
How can Szilaghi Consulting help you get your Curacao Online Gambling License?
Szilaghi Consulting can provide valuable assistance for those looking to start an online casino or sportsbook. Establishing and running such an enterprise can be challenging, and without expert guidance, operators may struggle to succeed. Our jurisdictional advisory services are designed to help operators choose the most suitable market and business structure for their needs and navigate the process of acquiring a license.
Szilaghi Consulting has been providing services to the online and offline gambling industry for over 19 years. We have helped our clients to make the right choices, realize their visions, overcome obstacles, and, above all, to succeed. We offer transparency and efficiency and we commit to always act only in your interest.
Our experience in obtaining online and offline gambling licenses differentiates us from the competition. Szilaghi Consulting can assist, from incorporating the company, creating fiscal and compliance structures, to obtaining the gambling license.
Our consultants invite you to schedule a consultation with us. We like to communicate with our customers, troubleshoot their problems, and offer solutions. We invite you to contact us today to discuss this with one of our agents. Let us help you take your business to the next level.