Among all the other choices, newly ventured casino operators show a preference for having a Curacao license, and they surely have their reasons to back their such preference. Several aspects of the Curacao gaming license have the potentialities to earn such popularity for the license, but what play the most important role are its reasonable requirements and affordability. While all other licenses require casinos to undergo bureaucratic intricacies, Curacao’s one provides those casinos quite a breathable room in that term.
iGaming Licensing and Regulations in Curacao
Curacao is a prominent Caribbean island and also a constituent country that conveys all its operations being under the command of the kingdom of the Netherlands. The major business industries in Curacao are oil refining and shipping. Other than these, with its tourism sector and incomparable casino industry, the country has captured the attention of the international trade and finance community.
In the online gaming sector, Curacao has the most durable jurisdictive track record. With a national ordinance being operational on Offshore Games of Hazard, Curacao legalized virtual gaming in 1993. The authority of Curacao then started to issue licenses in 1966. iGaming didn’t take much time to rank itself up to the international industries that held the island as the most suitable place to build a shop, and meanwhile implementing modern infrastructure and setting an alluringly business-friendly tax rate, Curacao turned itself into an ideal hub for offshore businesses and eventually it became, as it still today, one of the world’s most popular and longed jurisdiction for iGaming licensing.
Another big milestone for the island country was becoming the AML-CFT supervisor for all types of gaming activities operated from and in Curacao, including iGaming. The country introduced a unique regulative framework based on various license classes. It issues only two kinds of licenses: one is the master license, and another is the sub-license. Both licenses qualify a holder company to conduct all sorts of gambling activities. However, possessing a master license, companies will be able to disburse sub-license themselves. The Ministry of Justice keeps all the power and rights to issue a master license.