Curacao has given the license to a vast number of casinos, and any change can keep a great number of effects on the licensees. According to the report of the local publisher, Curacao has become the home for 159000 people who are suffering in a severe economic crisis. Its economy is in the decline because of the loss in the tourism sectors. The global health crisis has shattered the economic growth of it.
Gambling Licensees
To reduce the economic damage, this small island is approaching to the Dutch capital’s help. The local government of Dutch has imposed a great number of rules and regulations on the gambling sector of this country.
For getting financial aid, the government of Curacao has accepted all the conditions given by the Dutch government. The travel restriction regarding health issue has challenged the total tourism industry in the whole world.
The region was restricted to open its casinos and restaurants for a certain time and Dutch governments are now imposing many conditions which can be seemed like a great hindrance for the lifeline of businesses in this area.
To ameliorate the financial damage of this locality a number of measures have been taken. The region is now waiting for the Dutch financial assistance for its economic lifeline.
To lessen the economic damage of this area the local government is getting very tensed and financial security is a must from the Netherland government. If Curacao fails to secure financial stability.
The second relief aid is coming with a huge condition and the financial demise of Curacao has made the policymakers worried. The second condition has come in a stricter way and half of its implementation can prove as a rigid point to get the profit of the casinos.
The iGaming overhaul has raised many questions among the gamblers and operators. The island is getting so popular because of its low cost in the licensing of the i-Gaming. Strict oversight and regulations were practically less effective here previously. But, now if the effective measures are not taken the country is going to face a huge economic shutdown as the mainland of curacao Netherland is trying to control the power of casinos here.