Curaçao license

curaçao license

“One of the primary elements of the transitions into the new regime is to facilitate uninterrupted continuity of all operations of sub-licence holders.” However, when the LOK does eventually enter into force, all sub-licensees will have a 90-day deadline to make an application for a new licence, regardless of the remaining term of the master licence. During the subsequent application process, the old regulations will apply for up to nine months after the implementation of the LOK. “For those operators who do not wish to move to the new licensing regime, they can continue to conduct business up until the date the relevant master licence expires,” said Jansen. New licences after 1 September. After 1 September, the island’s gambling regulator, the Curaçao Gaming Control Board (GCB), will start issuing licences to operators directly. The licences will automatically convert to those granted under the LOK. The minister said these licences will have three important features: These licences will be issued under current legislation, not the LOK; The licences will be directly issued to operators. The approval will only grant the holder the right to operate gambling, not to offer sub-licences; The new licence will include provisions addressing anti-money laundering and responsible gambling obligations. Sınırsız Ürün, Sınırsız Kategori, license Sınırsız Varyasyon.

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There will be a transition period for current sublicense holders, which we will discuss below. Also, a new type of license will be introduced for B2B vendors (for the first two years having a license for them will be optional). Accordingly, the operator will only be able to use software from vendors with a local license. Increased regulatory requirements. Fair Play. The changes include new standards for game fairness to ensure that all games offered are transparent and fair. Gülşenin eşi.

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  • New licences after 1 September. After 1 September, the island’s gambling regulator, the Curaçao Gaming Control Board (GCB), will start issuing licences to operators directly. The licences will automatically convert to those granted under the LOK. The minister said these licences will have three important features: These licences will be issued under current legislation, not the LOK; The licences will be directly issued to operators. The approval will only grant the holder the right to operate gambling, not to offer sub-licences; The new licence will include provisions addressing anti-money laundering and responsible gambling obligations. However, after 1 September existing master licence holders will still be permitted to issue sub-licences in line with current legislation. Whether applications for sub-licences with master licence holders that are in progress or paused will continue to be processed will be up to the licensees themselves. The minister urged sub-licences to contact their relevant master licence holder for further clarification. legal advisor to the Curaçao ministry of finance sixiènne jansen.
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