We are also preparing a contingency plan for alternative licenses for those operators who will not be willing or otherwise unable to comply with the new regulatory requirements of the Curacao license. If you have any questions about future changes or would like to discuss a plan for further action, please contact the lawyer accompanying your project. We will be happy to answer any questions you may have. Curaçao: All master licences to get one-year extension. Jansen outlined how the island would be handling licences at iGB L!VE, as the National curaçao license Ordinance for Games of Chance (LOK) approaches implementation. The LOK is the planned legislation that will reform the country’s licensing regime for foreign operators. In 2020, the Netherlands government requested that Curaçao reform its gambling regulations as a condition of financial relief in the wake of the Covid-19 pandemic. This largely involved a shake-up of the Curaçao gambling licence, which in recent years gained a reputation as one of the more permissive licensing jurisdictions in the world. Casino Guru Is The GO To! Date of experience curaçao : October 16, 2023.
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The changes include new standards for game fairness to ensure that all games offered are transparent and fair. This includes a set of measures to certify games and regular audits of games to ensure compliance with these standards. Player Protection. The new legislation includes measures to protect vulnerable players: responsible gaming policies, a dispute resolution mechanism, and a procedure for filing and handling complaints from players. Combating money laundering and terrorist financing. Current procedures will be brought up to international standards, which include requiring the operator to register and adhere to goAML principles. Local substance. Casino free bonus codes.
License holders will be required to register in Curaçao and have a local presence: a physical office and 1 local key person (director or AML officer). A minimum of 3 key employees on the island will be required within two years. New Cost of License. The legislation will introduce a new fee structure for gambling businesses, they will be paid directly to the state. There will also be a new tax system for gambling businesses. Exact figures and amounts will be known at the time of publication of the law. The text of the bill is not available to the public.
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