Curacao Casinos to Obtain Licenses Directly from Gaming Control Board
Curacao's gambling industry is on the brink of significant transformation. A recent development has seen the launch of a website that allows operators to apply for permits. Starting November 15, casinos will have the opportunity to utilize this portal to submit their applications and obtain licenses directly from the Curacao Gaming Control Board (GCB).
This transformation is facilitated by a forthcoming law known as "Lok," set to take effect next year. Lok will eliminate the requirement for Master License holders, who currently sub-license numerous operators. The newly launched portal serves as a crucial step in transitioning to this new regulatory framework. During this interim period, applicants will still receive licenses under the existing law, but directly from the GCB.
Pressure from the Netherlands has prompted Curacao to revamp its gambling regulations. The controversial sub-license system has faced widespread criticism due to its perceived lack of control over licensees. Promised reforms have been in the pipeline for some time, with multiple delays in their implementation. However, it now appears that the much-anticipated transformation is on the horizon.
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Our Conclusion
Curacao's move towards a more streamlined licensing process with direct oversight from the Gaming Control Board signals a positive shift in the island's gambling industry. However, it's crucial to temper expectations regarding the potential intervention in player disputes over unpaid winnings. While the desire to assist players facing such issues is commendable, the likelihood of substantial changes in this regard remains uncertain. The reforms are undoubtedly a step in the right direction, but it may still take time to see significant improvements in addressing player concerns related to non-payment of winnings.
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