Curaçao iGaming License Portal Now Open

Article by : Erik Gibbs Jul 15, 2024

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The Curaçao Gaming Control Board (GCB) has reopened its online portal for gambling license applications, marking a new chapter for the Caribbean nation’s online gaming industry. This move comes after a period of closure and backlog processing, coinciding with a critical update to the country’s gambling regulations.

The application window, which previously closed on April 30, reopens today, July 15. This closure addressed a backlog of hundreds of applications and followed an initial deadline extension from March 31. The GCB is prioritizing applications submitted before the April deadline, with B2C, B2B2C, and B2B operators still eligible to apply for updated licenses. Notably, new applications will only be processed after the current backlog is cleared.

This reopening coincides with the upcoming expiration of several master licenses in August 2024. These licenses will not be renewed, as they fall under the purview of the soon-to-be-implemented National Ordinance on Games of Chance (LOK).

The LOK, also known as Landsverordening op de Kansspelen, represents a significant update to Curaçao’s gambling regulations. Introduced in September 2023 alongside the new licensing window process, the LOK is currently under parliamentary review. While applications will be processed under the existing National Ordinance on Offshore Games of Hazard (NOOGH) for now, the LOK is expected to be implemented later this year.

“The LOK is a crucial step in safeguarding against grey market operators and bolstering Curaçao’s reputation,” stated Finance Minister Javier Silvania. The island nation’s online gambling industry has faced criticism in the past regarding money laundering concerns and a perceived lack of regulatory oversight. The LOK aims to address these issues by strengthening the regulatory framework.

The transition to the LOK also signifies a shift in authority. The Curaçao Gaming Authority (CGA) is poised to take over as the primary regulatory body for issuing licenses once the new ordinance is implemented.

For sub-license holders operating under master licenses expiring on August 31st, 2024, a temporary reprieve exists. Those who did not submit applications by the March 31st deadline can continue operating until August 31st. However, any continued operations beyond that date without a new sub-license or a GCB license would be considered illegal.

The GCB has streamlined the application process with the release of a revised nine-page guideline document. This document removes the requirement for an authorization letter from portal users, making the application process more efficient.

The reopening of the application portal and the upcoming implementation of the LOK mark a period of significant change for Curaçao’s online gambling industry. These moves aim to create a more robust and transparent regulatory environment, enhancing the industry’s reputation and ensuring adherence to responsible gaming practices.