Curacao eGaming: The Go-To License for Online Casinos
- Online Casinos
- Curacao eGaming: The Go-To License for Online Casinos
Curacao eGaming needs no introduction, they are a force in the online casino sector. As a global regulator, the gambling board is a trusted organization. Curacao eGaming is an industry leader for its low costs, fast approvals and global recognition.
Curacao has recently undergone a transformation, with a new framework and legislation. We explore the new rules and updated regulations and casino license process and unpack why this has enhanced the brand.
Licensing Process
Previously, the legal framework for online gambling consisted of two Curacao license types – a master license and a sub-license. The master licenses was valid for five years and issued by the Ministry of Justice. A loophole allowed master license holders to sub-license others. The sub-license was issued by the license holder and is valid as long as the master license is valid.
Due to the loophole of the previous licensing framework, many grey online casinos and sports betting operators diminished the Curacao eGaming reputation and the work of the Curacao Gaming Commission through criminal activities. In 2023, a proposal from the Netherlands Government spurred an overhaul in Curacao. The controversial license-sharing system was abolished by the Curacao government, and a new license format was introduced.
In 2024, the Curaçao Gaming Control Board (CGCB) was established to regulate the industry, revamp the licensing process and ensure compliance, transparency, and responsible gambling for all online gambling operators. Gone are the old master and sub-licenses, and now the new gambling license system consists of two main licenses – B2B licenses (service providers catering to businesses) and B2C licenses (licenses to operators interacting directly with players).
The new gambling license allows all NZ online gambling companies to offer diverse gambling activities. Under one umbrella license, all online casinos can offer Kiwi players offshore games like slots, lotteries, live games, bingo, table games, poker and crash games.
Requirements for companies wishing to obtain a Curacao eGaming license:
- There must be a registered company presence within Curacao. A physical company enterprise and local representative must be based on the island.
- A detailed description of the provided online casino games.
- Clearly outlined business plan and Terms and Conditions.
- Confirmation of the website domain ownership.
- Implementation of Anti-Money laundering (AML) measures.
- Regular audits of all company gaming systems and software.
- Detailed player data protection measures, such as Random Number Generator (RNG) certification, bank accounts, bank statements and financial transactions security and SSL encryption software.
- Responsible gambling protocols for vulnerable groups.
- There is a license application finance fee and costs involved, depending on several factors but starts from NZ$63 000.
How to get a online gaming license:
The streamlined application procedure makes it easy for operators to apply for a Curacao gambling license. All the necessary documents and applications must be uploaded to the application process online portal so everything is digitalized. License applicants must download and complete three digital forms:
- The Online Gaming Application Form
- The Personal History Disclosure Form
- The Business and Corporate Information Form
Once these forms are completed and uploaded, the gaming control board will review the application, which takes two months. If approved, the license is granted, and permission is given to operate under Curacao’s jurisdiction for a year. All successful applicants must pay an annual fee.
Benefits of Curacao eGaming License
Despite the changes to the framework, the popularity of the gambling license is still impressive, and most NZ online casinos are licensed under the Curacao jurisdiction.
| Cost-Effective | While Curaçao gaming license costs have gone up, it is still below those of other gambling boards. |
| Global Access | The license allows operators to serve International markets. NZ online casinos can cater to Kiwi players and offer its products to other regions globally. |
| Recognition | The license is widely recognized globally and is a seal of approval for many NZ players. |
| Quick Approval | New applications are approved within two months if successful. This fast time frame is a major factor in why many operators prefer applying with the regulator. |
| Cryptocurrencies | Under the new framework, cryptocurrencies, games and other features are permitted. |
| All-inclusive Permission | Operators can offer diverse gaming products to players under one umbrella license. |
Regulation and Player Safety
Under the new framework, the emphasis is on regulation and player safety. The basic regulation of the updated Curacao eGaming legislation forces operators to implement AML features and ensure responsible gambling NZ practices.
Player protection is at the forefront for the Curaçao gaming authority, and all operators must ensure players’ confidential information and real money funds are protected. All NZ online casinos must adopt SSL software and use RNGs for casino game outcomes. Responsible gambling NZ tools and practices such as deposit limits, self-exclusion and time outs, must be available for problem gamblers. A responsible gambling page is also required for Kiwi players to learn more about gambling addiction.
Before 2023, Curacao had a hands-off approach to player disputes, but under the new framework, players can contact the board for issues with operators. Curacao will work with both parties to remedy any issues and find solutions.
Other Options to NZ Gaming Regulator
Curacao eGaming is recognized in the NZ online casino industry as a leading regulator. While Curacao is popular, there are other jurisdiction gambling boards as well in the NZ market. The best NZ online casinos, are licensed by the likes of the NZ Gambling Commission, the Malta Gaming Authority, the UK Gambling Commission and the Government of Gibraltar. Some differences between global regulators include the license fees and specific regulations, but most regulations are the same and the aim is to protect and safeguard the industry and all stakeholders, especially with the threat of gambling addiction.
Pros and Cons
Pros
- ✅ New Framework
- ✅ Better Reputation
- ✅ Anti-Money Laundering
- ✅ Global Recognition
- ✅ Cost-Effective
- ✅ Quick Approval
- ✅ All-inclusive gaming activities
- ✅ Enhanced Player Safety
- ✅ Promote Responsible Gambling NZ Practices
Cons
- ❌ Mixed reputation for some
- ❌ New licensing fees are costlier
FAQs about Curacao eGaming
What is Curacao eGaming?
Curacao eGaming is an online gambling regulator.
Why do casinos choose Curacao eGaming?
NZ online casinos choose Curacao for its global recognition and low costs.
Is Curacao eGaming safe for players?
Yes, gaming curacao is safe and has adopted a strict framework for all curacao online casinos to ensure player welfare and trusted gambling operations.
How does it compare to other licenses?
Curacao has made tremendous inroads in improving its framework for operators. It is now in a similar standing to other renowned gambling regulators and licenses.
