Curacao Gaming Control Board
The Curaçao Gaming Control Board: A Pillar of the Island’s Thriving iGaming Sector.
The Curaçao Gaming Control Board (GCB) is a dedicated government agency responsible for meticulous oversight and regulation of all gaming activities in the Curacao. iGaming Express plays a pivotal role in assisting businesses in setting up and navigating through the complexities of the Curaçao gambling landscape, thereby contributing significantly to this dynamic industry.
Based on the latest update as of July 13, 2023, all Curacao Sub-licenses must be renewed by the start of 2024. We are pleased to offer the issuance of new Curacao sub-licenses, valid until the beginning or mid-2024. Rest assured, we will provide full assistance in obtaining licenses under the new regulations once they are announced.
Additionally, we now introduce a new jurisdiction – Anjouan eGaming License. For more information, reach out to us via email hello@igaming.express or contact us on WhatsApp below.
Situated in the southern Caribbean Sea, Curaçao isn’t merely famous for its mesmerizing turquoise waters and diverse cultural heritage, but also as a powerhouse in the online gambling industry. A pivotal force behind this prosperous sector is the Curaçao Gaming Control Board (GCB), a government entity entrusted with the important task of monitoring and regulating all aspects of gaming activities within the region.
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The Curacao Gaming Control Board
Both terrestrial gaming and online e-gaming in Curaçao come under the purview of the Curaçao Gaming Control Board. This institution, structured as a foundation, was specifically established to function as the regulatory authority for the entire gaming industry operating within and originating from Curaçao. The establishment of this Gaming Control Board was a direct consequence of the second Mutual Evaluation Report of the Caribbean Financial Action Task Force in 1998.
Curaçao, a small Caribbean island, has emerged as one of the premier destinations for incorporating and licensing an online e-gaming company. It is globally recognized for providing e-gaming licenses to online gambling businesses, making it one of the most preferred jurisdictions for securing e-gambling licenses. The island’s extraordinarily low corporate taxation, absence of Gross Gaming Revenue (GGR) gaming tax, and a well-equipped infrastructure comprising internet service providers, technical support teams, and modern office spaces offer an ideal setting to swiftly and cost-effectively set up your business.
In Curaçao, while the Gaming Control Board regulates the land-based casino industry, the responsibility of e-gaming regulation has been assigned to the Curaçao Gaming Licensing Authority by the Curaçao Gaming Control Board. This Authority has been vested with the power by the Curaçao Department of Justice to manage all gaming licenses.
The declared mission of the Curaçao Gaming Control Board is to uphold public interest and ensure the integrity and stability of the Curaçao gaming industry. It accomplishes this by certifying that all gaming activities are conducted honestly, responsibly, and competitively, and that they remain free from criminal and corrupt influences.
The Role of the Curaçao Gaming Control Board
Established as the regulatory authority, the GCB is primarily tasked with overseeing the operation and conduct of all gaming activities in Curaçao, both land-based and online. It ensures the integrity and transparency of gaming operations, safeguarding the interests of players, operators, and the public at large.
One of the crucial roles of the GCB is issuing gaming licenses. The licensing procedure in Curaçao is known for its streamlined and efficient process, making the region attractive for gaming operators worldwide. The GCB grants a single license that covers all forms of games of chance and wagering, a strategic move that increases the reach and profitability of operators while ensuring regulatory compliance.
How Does the Curaçao eGaming Licensing Authority Align with Global Standards?
The Curaçao Gaming Control Board, which oversees the island’s eGaming licensing authority, is a prominent member of the Interactive Gaming Council (IAGR). The IAGR is a global, non-profit trade body representing the interests of the online gambling industry. The council’s primary objective is to ensure that e-gaming operators comply with principles of integrity, fairness, and responsible conduct.
With representatives from various gaming regulatory bodies worldwide, the IAGR provides a crucial platform for these entities to meet, exchange perspectives and information, and deliberate on policy matters. This interaction occurs not only among the regulators themselves but also with representatives of the international gaming industry.
In furthering its mission of enhancing the efficacy and efficiency of gaming regulation, the IAGR serves as a central contact point for inquiries from governments, gaming regulatory agencies, personnel, and representatives of the international gaming industry. Additionally, it promotes cooperation among gaming regulators in carrying out their official responsibilities, thereby ensuring a comprehensive and collaborative approach to maintaining and enhancing global gaming standards.
Regulatory Responsibilities and Anti-Fraud Measures
Apart from licensing, the GCB actively involves itself in anti-money laundering (AML) and combating the financing of terrorism (CFT) efforts. In 2019, it was appointed as the AML/CFT supervisor for all gaming sectors operating in and from Curaçao. This appointment marked a significant step towards creating a more secure and reliable gaming environment in the region.
The GCB works tirelessly to prevent fraudulent activities, ensuring that all operations under its purview adhere to strict regulatory standards. It employs sophisticated technology and stringent policies to detect and prevent any fraudulent activities, reinforcing Curaçao’s reputation as a safe and transparent gaming hub.
Player Protection and Fair Gaming
A key priority of the GCB is the protection of players. It imposes a strict set of rules and regulations on operators to ensure fair play and the protection of players’ rights. The GCB requires operators to segregate player funds from operational funds, ensuring players’ money is safe even if the operator encounters financial difficulties. In addition, operators must display a validation seal on their websites to prove their legitimacy.
Supporting the iGaming Sector’s Growth
The GCB plays a significant role in shaping Curaçao’s iGaming sector. Through its effective regulation and proactive measures, it has contributed to the steady growth and maturity of the gaming industry in the region. The GCB’s commitment to maintaining high operational standards and adapting to the evolving gaming landscape has cemented Curaçao’s place as a leading hub in the global iGaming industry.
As the Curaçao iGaming sector continues to grow and evolve, the role of the Curaçao Gaming Control Board becomes increasingly vital. Through its regulatory activities and commitment to player protection, the GCB ensures that Curaçao remains an attractive, secure, and reliable destination for gaming operators and players alike.
What is the price of a Curacao gambling license?
| Service | Fees | Description |
|---|---|---|
| Due Diligence | 3,600 | Compliance, KYC, and UBO audit |
| Incorporation | 7,800 | Incorporate a company in Curacao |
| Gaming License | 14,800 | Negotiated from Curacao Master License Holder |
| Banking | 2,500 | Search for accepting banks within the EU |
| Incorporation | 3,650 | Incorporate a business in EU for banking contracts |
| EMI | 2,500 | To allow for receiving of PSP funds |
| PSP | 3,500 | Open PSP accounts for processing money transfers to and from gaming customers |
We can help you obtain your Curacao Gambling License
What sets our service apart from others?
At iGaming Express, we specialize in obtaining your Curacao online casino license and offering a wide range of e-gaming options. Our services include sports betting, roulette, poker, blackjack, baccarat, bingo, and lottery offerings. We’ll guide you in setting up the required company structure for license registration, ensuring efficiency. Additionally, we help establish secure payment processing merchant accounts through reputable European EMI service providers, ensuring a convenient experience for your players. With iGaming Express, create a successful online casino in Curacao effortlessly.
Trusted by clients around the world
iGaming Express is a leading provider of Curacao Gambling License services
There are several compelling reasons to choose iGaming Express for obtaining your gaming license:
- Vast Experience: iGaming Express has already secured over 40 Curaçao casino licenses for its customers, demonstrating a proven track record in the industry.
- Extensive Expertise: With almost two decades of experience in the gaming consultancy business, iGaming Express possesses in-depth knowledge and understanding of the licensing process and regulations.
- Speedy Licensing Process: The complete licensing process takes just 2-3 weeks with iGaming Express, allowing you to start your gaming operations quickly and efficiently.
- Cost-Effective Solutions: We have the ability to negotiate low-cost Curaçao gaming license fees, providing you with a cost-effective licensing solution.
- Simple and Smooth Process: Our licensing process is designed to be smooth and straightforward, minimizing any complexities or hurdles for you.
- Reliable Turnkey Solution: iGaming Express offers a reliable full turnkey solution, taking care of all the necessary steps to obtain your gaming license.
- Hassle-Free Experience: Choosing iGaming Express means you won’t have to worry about the intricacies of the licensing process – we handle it all for you.
- Personalized Account Manager: A dedicated professional account manager will be assigned to assist you throughout the licensing journey, providing personalized support.
- Additional Services: We go beyond just licensing; our assistance extends to helping you with opening bank accounts and payment service providers, streamlining your setup process.
With iGaming Express, you can trust in a competent and experienced partner to facilitate the licensing process and ensure a seamless experience, allowing you to focus on your gaming business’s success.
FAQ
The Curaçao Gaming Commission is stationed at Emancipatie Boulevard, Dominico F. “Don” Martina 23, Willemstad, Curaçao. They can be reached via their main line at +599 9-737-2299, or through their official website at www.gamingcontrolCuraçao.org.
In Curaçao, the Curaçao Gaming Control Board has the responsibility of supervising all gaming activities, encompassing both digital and physical realms. This regulatory body has garnered substantial respect within the e-gaming industry for its effective and consistent oversight..
The Curaçao Gaming Commission is a member of the Caribbean Financial Action Task Force (CFATF), which in turn is an associate member of the Financial Action Task Force (FATF). All 25 member countries of the CFATF have agreed to implement shared measures to combat criminal money laundering.
In Curaçao, casinos must be vigilant in keeping up-to-date with all notifications and, where applicable, integrate them into their Customer Due Diligence policies and procedures. This allows them to remain in line with the latest anti-money laundering and terrorist financing legislation, provisions, and guidelines.
The standards of Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and “Know Your Customer” (KYC) compliance are rules and processes that financial institutions implement to deter and detect activities related to money laundering or terrorist financing.
The Curaçao gaming authority is mandated to uphold these standards. This bodes well for the holders of the Curaçao e-gaming license, as financial institutions perceive your operation as being lower risk compared to other jurisdictions that do not comply with these standards.
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