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Curaçao reopening gambling licensing portal.

Curaçao reopening gambling licensing portal.

The Curaçao Gaming Relief an eye on Board (GCB) has announced this could occasionally well also simply reopen its online portal for B2C and B2B licence purposes on 15 July.

The previous application window shut in Curaçao on 30 April, which turned into as soon as the deadline for sublicenses . This turned into as soon as after the preliminary deadline of 31 March turned into as soon as pushed serve by virtually a month to allow considerations with purposes to be mounted.

B2C, B2B2C and B2B operators are ready to put collectively for an up so a long way licence, although purposes made before the beforehand 30 April deadline will remain the precedence for processing. Recent purposes is doubtlessly no longer processed except the total current filings are accomplished.

The GCB said the most up-to-date window coincided with a wave of grasp licences expiring in August and no longer being renewed.

A current regulatory framework has been in pattern since September 2023 in, when the GCB first established its licensing window task.

Ought to the present regulator, the National Ordinance for Video games of Chance (LOK) approach into bag before the remaining expiration date in January 2025, grasp licences will automatically expire on that enactment date.

It’s currently unclear when the present submission deadline for operators will probably be.

Capabilities will probably be processed beneath the National Ordinance on Offshore Video games of Hazard (NOOGH) legislation and no longer the incoming LOK, which is within the strategy of progressing throughout the Curaçao parliament.

The guidelines in Curaçao

In March, the GCB released a nine-web page file outlining the guidelines for purposes.

Superior minor adjustments were made before the present application window. These embrace the portal person no longer requiring an authorisation letter.

At ICE London in February Cedric Pietersz, GCB managing director said of the licensing task: “Factor in that you simply’ve a sub-licence of a grasp licence holder, whose licence expires on 31 August,” Pietersz acknowledged. “That procedure for those who don’t put collectively and it’s 31 March, that it is doubtless you’ll also proceed working to your licence.”

“But after 31 August, which is the date of the expiration of your grasp licence, you are going to be working illegally because you don’t include a sub-licence and you don’t include a licence from the Gaming Relief an eye on Board.”

Implementation of the LOK

Curaçao has been within the strategy of introducing a brand current regulatory framework since September final year, when the GCB first opened the application task.

Since then, Curaçao minister of justice Javier Silvania has highlighted the must implement the LOK on a big amount of conditions.

As an instance, Silvania acknowledged the LOK would set a “safety bag” in opposition to grey market operators by legitimising operations and tightening AML and KYC processes. Silvania also suggested the Curaçao parliament the LOK would support to pork up the recognition of the jurisdiction, which had been considered by some as at possibility of cash laundering.

The LOK is anticipated to approach serve in later this year, at which level the Curaçao Gaming Authority (CGA) will take dangle of over as regulator and oversee the issuing of licences.

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