Curaçao, a hub for online gambling, has undergone several changes to its regulatory framework for iGaming, transitioning to a new regime overseen by the Curaçao Gaming Control Board (GCB). 31 March 2024 is an important date for operators in Curaçao, as sub-licensors under the current regime are responsible for registering under the new framework. Failure to meet this deadline may result in the termination of operations for non-compliant entities, and as such, operators must move quickly to ensure compliance with registration requirements.
Curaçao’s licensing regime
Curaçao’s previous licensing regime for online gaming operated under the legal framework of the National Ordinance on Offshore Games of Hazard (NOOGH). Under this, the GCB issued master licenses to master license holders, who in turn issued licenses to sub-licensees, otherwise known as iGaming operators. However, this system was not without flaw, and there were issues with transparency, compliance, and trust.
Recognising the need for a more comprehensive and streamlined regulatory approach, Curaçao transitioned to a new licensing system. This transition culminated in a new gambling ordinance (LOK) under the Curaçao Gaming Authority (CGA), set to replace the NOOGH legislation.
The new licensing regime introduces several salient points to modernise and enhance the regulatory framework, including a clearer categorisation of licenses and stricter compliance requirements for license holders, as well as stringent due diligence processes to assess the suitability of applicants.
As of November 2023, the GCB has been accepting and processing online gaming license applications from operators who wish to acquire an online gaming license directly from the GCB under a new application process. All applicants must be Curaçao incorporated entities, and no individual (or natural person) may apply via alternative legal structures.
In addition, licenses granted directly by the GCB are automatically passported to the CGA under the LOK regime. All new permit applications will be made through an online portal under the supervision of the CGA.
The authorities have issued guidelines and a deadline for those on the previous licensing regime to ensure they comply with the impending new rules. Any master licensee or sub-licensee wanting to continue working in the local market must register by this date, as licenses under the NOOGH will no longer be recognised after then.
Deadline: 31st March 2024
The deadline of March 31st, 2024, affects two categories of license holders in Curaçao’s online gaming industry: Sublicense holders and master licensees seeking to become operators seeking to continue working locally.
Before the deadline, master license holders must ensure the registration of all their sublicenses and related domains on the GCB portal. They can do this through a census account or by directly facilitating the application process for sub-licensees. Those holding sublicenses who want to continue working in the local market, must ensure they are registered before the cut off date.
In summary, sub-license holders aiming to transition to direct operation must register their sublicenses and related domains and submit their applications for direct licenses to the GCB before the March 31st, 2024 deadline to ensure compliance with regulatory requirements and maintain operational continuity.
Following the deadline, applications from Sublicense holders direct licensing status will not be entertained. However, new entities can continue to submit applications until the new ordinance is enacted.
Application process
The application will be considered complete and submitted when it includes three specific forms: the online gaming application form, a personal history disclosure form, and a corporate and business information form. Other documents may be requested by the authorities and should be provided within the allotted time frame.
In conclusion, Curaçao’s online gaming licensing process presents both opportunities and challenges for operators. With the March 31st, 2024 deadline, stakeholders must prioritize compliance and timely action to secure their positions within the jurisdiction. While it might seem complicated and as an operator or potential Curacao licensee, you may have questions, do not worry because you are not alone.
Fast Offshore has been working in iGaming for almost three decades and we have extensive experience in Curacao as well as multiple other jurisdictions. We can help you meet the 31 March deadline, apply for a new license, or look at other jurisdictions that may be more suited to your needs. Our team of professionals offer expert advice, tailored just to your circumstances, delivered with professionalism and integrity. To find out more, just contact a member of our team today.