The eagerly anticipated portal for Curaçao’s gaming license registrations, managed by the Gaming Control Board, is now open. This marks a major stride in updating the country’s gambling regulations.
The Curaçao Gaming Control Board (GCB) has rolled out its license application portal as of 1 September. Although the platform showcased application forms and guidelines from its inception, potential candidates were only granted registration privileges starting today, 1 November.
Primarily, the portal serves to:
- Process new applications as per the GCB’s present legislation.
- Register sub-licensees desiring to operate post the enactment of the National Ordinance for Games of Chance (LOK). Upon LOK’s execution, the nascent Curaçao Gaming Authority (CGA) will be inaugurated.
Prospective candidates can now create their accounts on the GCB’s portal, accessing features like account management, sub-license registration, gaming applications, license supervision, and the ticketing system. Following a 15-day verification window, these accounts can start submitting completed applications from 15 November.
For account verification, each account must represent a Curaçao-based firm, maintain a distinct email ID associated with that firm, and possess an authorization letter signed by the firm’s Ultimate Beneficial Owner.
Upon approval, licensees will obtain an interim Curaçao license and have a six-month window to provide additional essential documents.
Emphasizing this landmark progression, Dr. Javier Silvania, Curaçao’s finance minister, lauded today’s unveiling as a historic leap in solidifying Curaçao’s stature as a gambling hub. Aideen Shortt, finance ministry advisor, echoed this sentiment, noting the overwhelming traffic and registrations surpassing initial expectations.
This move symbolizes the ensuing phase of Curaçao’s transition to incorporate the LOK. The jurisdiction is amidst a metamorphosis, laying the groundwork for an updated regulatory framework. With the LOK’s impending rollout, a revamp of Curaçao’s standing gambling guidelines is anticipated.
Earlier, Silvania hailed the LOK as a protective shield against potential grey listing, underscoring Gibraltar’s placement on the Financial Action Task Force’s (FATF) grey list due to its recognition as a prime gambling focal point.