Many have been led to wonder by the news of new regulatory bodies and tighter regulations of Curacao gambling authority. They questioned how it would impact the industry. Because in the industry already a large number of online casinos are holding the Curacao licenses.
There are several changes that are to impact the casinos right out of the gate in terms of bottom line and daily operations. These include preventions of targeting players, more business and intensive scrutiny, and on master, licenses increase pricing.
If the existing licenses do not want to lose their current permits, they need to follow the rules. The new master license will cost more than it used to buy an amount of $35,000.
Obtaining a license will be more challenging by these regulatory changes, especially for the operators trying for the first time—the value of the license increases by the increased difficulty of obtaining and renewing a license. However, for those who qualify for the permit, it raises their profile.
The Netherlands drove the changes on a regional front, and to that one country, it will not be limited. In Australia and Spain, things expected to shake up by the proposed changes. This is because Curacao licensed operators are the major players in the market due to their current regulations.
Safer Gambling Receives a Boost
In Curacao, safer gambling enhanced by one of the best new regulatory restrictions, and the constraint is prohibiting casinos from targeting big spenders. Encouraging players to spend even more is no longer allowed in online casinos.
Implementing new changes and changes outdated regulations offer a tough job ahead for Curacao. On the industry and operators, it will tighten its grip. The license value will increase if Curacao does it successfully. Moreover, it will lead to a safe and successful gambling environment for all players, and they will be able to enjoy a better gaming experience.
However, the casino operators are a little bit worried about hearing the news of the new regulatory body, and they are significantly afraid of the tighter regulations. After this, obtaining a Curacao license will be a little bit harder, but the operator who acquires it will enjoy more honor for sure.