The moment Curacao is trying to fix its regulations regarding the iGaming license, the question about the former one seems hard to be get away with. Despite being at the center of doubt and confusion, what made the Curacao license achieve such popularity among the casino operators? Curacao license offers licensees some extra advantages. Like, the gaming authority never checked whether the applicants for its license have truly met all the requirements. Few things were more achievable than getting a Curacao license, and that’s why it became the center of attention of all the casinos that were just this one step away from earning money.
Perks of Getting a Curacao License
The amount of tax casino owners has to pay to possess a Curacao license is very low, and that is only 2%. There is no extra charge or tax to be given for the sales and revenue a company makes through games and sports. Casinos can even provide services not paying any vat. The minimum requirement to gain a license never demands casinos to have a brick-and-mortar office, and they can integrate different payment processors. The whole application and approval procedure is short and totally hassle-free. Even the application fee is far less than the MGA and UKGC. Curacao license covers all kinds of gaming and betting activities.
Drawbacks Curacao Licenses Have
The greatest drawbacks that are brought with a Curacao license are for the players who play in those licensed casinos. For any inconvenience or scams, they cannot take help from the Curacao authority. They have to sort their problems all by themselves.
Other than these, the Curacao licensees don’t allow any UK players to play on their platforms unless they show or submit necessary documents. So, a casino accepting UK players might have been a scam. Some other low-quality casinos attract players by letting them play high-quality demos, and when they choose the real money version, they often find them low-quality and fake ones.