The Curaçao Gaming Control Board (GCB) has appointed Cedric Pietersz as its new chief executive officer, effective from 1 February 2024. As the CEO, Pietersz will be responsible for overseeing all current licensing activity under the National Ordinance on Offshore Games of Hazard (NOOGH) and the transition to the National Ordinance for Games of Chance (LOK) in Curaçao.

With over 20 years of experience at the Centrale Bank van Curaçao en Sint Maarten, Pietersz has held various supervisory and managerial roles, gaining expertise in operational, anti-money laundering, and regulatory matters. In his new role, Pietersz expressed his commitment to guiding Curaçao’s gaming market into a new phase, stating, “I am confident that together with the team and the Supervisory Board, we will strategically steer the GCB into a new era while delivering value to all stakeholders, including the minister of finance.”

Fons Simon, chairman of the GCB Supervisory Board, commented on Pietersz’s appointment, calling it the beginning of a transformative era for the jurisdiction. He highlighted Pietersz’s exceptional service in the financial sector, his strategic foresight, regulatory prudence, and operational excellence as major assets.

The announcement of Pietersz’s appointment as CEO follows false speculation about Curaçao’s LOK. Reports had surfaced claiming that the LOK had been rejected by Curaçao’s parliament, but this was not accurate. In reality, the LOK had been sent to parliament and the Council of Advice, which is customary for all draft laws in Curaçao.

However, speculations arose due to the Council’s response to the ministry of finance regarding the LOK, which was published online on 3 January 2024. This response had been received by the ministry in June 2023 and contained language suggesting that the law could not be sent to parliament, leading to rumors of its dismissal.

In response to the misinformation, Javier Silvania, Curaçao’s minister of finance, released a statement condemning it, emphasizing that the LOK had not been rejected. This clarification aims to dispel any false reports and reaffirm the progress of the LOK within the legislative process.

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