Curaçao Unveils Details on Updated Gambling Legislation

Curaçao’s newest National Ordinance on Games of Chance (LOK), passed in December 2024, replaces the outdated master licensing system with a more transparent, structured, and internationally aligned regulatory framework. This transformative legislation should help dispel lingering doubts following the recent high-profile corruption scandals and reinstate Curaçao’s position as a regulated and reputable online gambling hub.

Measures Address Past Deficiencies

Lying at the heart of this reform is the establishment of the Curaçao Gaming Authority (CGA), which will become the nation’s sole independent regulator, replacing the Gaming Control Board (GCB). The CGA will regulate the activities of B2C operators and B2B suppliers, enforcing strict compliance with responsible gaming, anti-money laundering, and consumer protection standards.

According to the LOK, only entities with a valid CGA-issued license may operate within or from Curaçao. The updated legislation patches some regulatory loopholes, making licenses non-transferable and explicitly preventing third parties from operating under the same license. Licensees must establish a physical presence in Curaçao and employ at least three key staff members from a permanent property.

Such measures aim to significantly bolster accountability and eliminate the so-called “ghost companies,” which often have no physical presence and only operate with a PO box. Furthermore, CGA license holders must abide by updated financial reporting requirements to prevent fraud and foster better integrity within the gambling industry. Licensees must also submit periodic compliance reports demonstrating enduring compliance.

Fair Taxation and Enhanced Accountability

The new licensing regime also enforces updated operator fees to better align with economic realities and fair practices. B2C and B2B license applications will cost an initial €4,592, although this figure can rise significantly with additional UBOs and domains. B2C and B2B annual license fees are €24,490. However, B2C companies must also pay an annual supervisory fee of €22,960.

Existing licensees have six months to transition to the new system and can request a further six-month extension, subject to certain conditions. Operators with applications already in progress do not need to make adjustments. However, new applicants must follow the updated licensing process and closely follow the CGA’s instructions to ensure a seamless process.

The LOK greatly emphasizes responsible gaming by introducing strict protocols that protect vulnerable players. The legislation holds operators accountable for ensuring compliance with these measures, cementing Curaçao’s commitment to consumer protection. While the nation must still demonstrate its ability to enforce these new measures, they remain a vital step toward regulatory excellence.