Curaçao to Tighten Gambling Licensing Rules

Discussion in 'Casino Industry Buzz and Terms Alerts' started by MissExposé, Nov 12, 2020.

  1.  
    MissExposé

    MissExposé Well-Known Member Staff Member

    Messages:
    838
    Likes Received:
    317
    Joined:
    Sep 18, 2018
    Several thousands of online casinos and betting sites currently operate with licenses issued in Curaçao. However, these are often targeting customers from territories that they are not authorized to operate in. This is set to change under the reforms included in the recent Country Package.

    Curaçao will have to form a new independent regulator that will be tasked with overseeing the nation’s gambling industry and issuing licenses to interested iGaming operators. The regulatory body must be set up and ready by March 1, 2021.

    Source: https://www.casinonewsdaily.com/202...e-agrees-to-tighten-gambling-licensing-rules/
     
    AussieDave likes this.
  2.  
    AcceleratedMarketing

    AcceleratedMarketing New Member

    Messages:
    11
    Likes Received:
    7
    Joined:
    Apr 16, 2019
    Knew this was coming with the US market expanding their lobby
     
  3.  
    AussieDave

    AussieDave 20 years & still going!

    Messages:
    3,772
    Likes Received:
    2,334
    Joined:
    Nov 28, 2013
    Would these changes affect the (already banned) AU market... Looks like it. If those casinos pull out of the Australian market, my gambling will come to an abrupt, albeit unwelcome, end.
     
    Last edited: Nov 17, 2020
  4.  
    CL-Ed

    CL-Ed Affiliate Guard Dog Member

    Messages:
    193
    Likes Received:
    288
    Joined:
    Oct 9, 2017
    I don't know about that. Most Curacao licensed casinos choose there specifically because it is cheap and they are unregulated and can do whatever they like. The faux licenses are just a fantasy used to establish a thin veneer of respectability and to fool naive players into thinking they are regulated.

    If Curacao actually starts enforcing some regulation, the casinos will just move on to some other tinpot jurisdiction that will do nothing other than take their money and let them slap a seal on their site. So let's see how much more Curacao values consumer welfare over brining in the cash, because if they do this it will kill the industry there.
     
    NDG likes this.
  5.  
    Frank

    Frank Affiliate Guard Dog Member

    Messages:
    722
    Likes Received:
    357
    Joined:
    Jan 7, 2015
    They would most likely move to US brands, When khanawake pulled the US licenses the same brands carried on just without a license, Unless they change the Culture itself they wont stop people gambling.
     
  6.  
    Biti

    Biti Affiliate Guard Dog Member

    Messages:
    967
    Likes Received:
    590
    Joined:
    Jul 24, 2015
    Yes and no.

    Yes, because the rule will be that casinos operating from Curacao have to respect the Australian law, which means they cannot take bets from Australia anymore.

    No, because casinos can also choose to not take a Curacao license. In that case, question is if Curacao will enforce against casinos operating from Curacao (or better said: a Curacao postbox company), but not having a Curacao license. Big chance they won't.

    And if they will, those brands will move their postbox to some other dodgy place where they are not bothered.

    For them it makes no difference if they have a Curacao seal, a Comores seal, a Belize seal, some fake seal or no seal at all. And it doesn't either for players, because at the moment a Curacao license is quite the same as no license.
     
    Last edited: Nov 18, 2020
  7.  
    NDG

    NDG Affiliate Guard Dog Member

    Messages:
    555
    Likes Received:
    382
    Joined:
    Sep 19, 2013
    I don't think that it is going to change much. They know that they are the go-to jurisdiction for online casinos that want to
    accept players from certain countries. If they start restricting countries, then the online casinos will move somewhere else.
     
  8.  
    DaftDog

    DaftDog Affiliate Guard Dog Member

    Messages:
    534
    Likes Received:
    325
    Joined:
    May 15, 2007
    They say Malta is getting very crowded, maybe Curaçao wants to become more legitimate.
     

Share This Page