November 1, 2023 2 min read

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Curacao Online Gaming Portal Starts Accepting License Registrations

The launch marks an important milestone in the nation's plan to revamp its online gambling sector

For years, Curacao-based offshore operators have been infamous for their minimal player protection rules and for offering gaming services illegally. Amid growing concerns about problem gambling and efforts to strengthen the regulation, the nation’s online gambling sector is currently going through a transition period that seeks to streamline the regulation and create a fairer and safer iGaming industry.

Back in September, Curacao’s Gaming Control Board (GCB), the regulator in charge of gambling activities since March 2020, confirmed the launch of a new online portal that would enable operators to submit applications for Curacao iGaming licenses. While the new portal launched two months ago, it provided information for operators who are interested in applying for a license.

Now, two months after the launch of the online portal, applicants interested in a license as well as sub-license holders can register. This marks another important step in the overhaul of the market as the nation is looking forward to transitioning to the National Ordinance for Games of Chance (LOK), a new regulation that seeks to ensure online gambling operations in the country are in line with the best standards and practices for the sector on an international level.

Overhaul of the Market Continues

Under LOK, iGaming operators will be subject to strict licensing requirements as well as compliance rules. Ultimately, the new regulation plans to propel the integrity of the sector, ensuring online gambling operators offer safe and fair services.

Operators who pursue a license for Curacao can register via the new portal. Additionally, sub-licensees must also register via the recently launched portal. This is a requirement such licensees must meet in order to operate once the LOK comes into effect.

While registration with the portal is available already, the GCB explained that it will initiate processing and accepting online gambling license applications from operators starting from November 15, 2023. According to the GCB, the licenses “shall only be issued to Curaçao based companies that offer online gaming.”

Recently, the GCB strengthened its team with the addition of Hilary Stewart-Jones, a seasoned solicitor with significant experience. Joining the Board, she was appointed to the role of advisor. Undoubtedly, Stewart-Jones’ experience, spanning more than three decades, would positively impact the upcoming regulatory challenges that may come amid the overhaul of the gambling sector.

Journalist

Jerome is a welcome new addition to the Gambling News team, bringing years of journalistic experience within the iGaming sector. His interest in the industry begun after he graduated from college where he played in regular local poker tournaments which eventually lead to exposure towards the growing popularity of online poker and casino rooms. Jerome now puts all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.

1 Comment

  • Rockson
    January 7, 2024 at 10:14 pm

    With all due respect, from my opinion I can say there is bankruptcy fraud, mostly common offences which keeps repeating itself

    1xcorp makes an illegal transfer of property before or after the date they filed for Bankruptcy.

    Makes false entries in a statement of account or hides or falsifies documents related to their property or affairs.

    Obtains credit through misrepresentation

    Hides or illegally remove property or hides claims or debts

    Gets credit without telling the lender they are bankrupt. A person who is bankrupt and borrows $1000 or more must tell the lender that they are bankrupt.

    Why is that,1xcorp is bankruptcy but keep expanding it business and sponsorship deal.

    Something is strange

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