The Curaçao Gaming Control Board has appointed Cedric Pietersz as its new managing director, a role he will begin on 1 February 2024. He will be responsible for overseeing all current licensing activities under the National Ordinance on Offshore Games of Hazard (NOOGH) and will also oversee the transition to the National Ordinance for Games of Chance (LOK).
Pietersz brings over 20 years of experience from his previous roles at the Centrale Bank van Curaçao en Sint Maarten, where he gained operational, anti-money laundering, and regulatory expertise. He expressed his excitement to join the Gaming Control Board during such a dynamic time and is confident that together with the team and the Supervisory Board, they will strategically steer the GCB into a new era while delivering value to all stakeholders.
Fons Simon, chairman of the GCB Supervisory Board, believes Pietersz’s appointment marks the start of a transformative era for the jurisdiction. He praised Pietersz for his exceptional service in the financial sector and his unique blend of strategic foresight, regulatory prudence, and operational excellence.
The announcement of Pietersz’s appointment comes after false speculation regarding Curaçao’s LOK. Reports surfaced claiming that the LOK had been rejected by the parliament, which turned out to be incorrect. The LOK was sent to the parliament last month and had been reviewed by the Council of Advice as per the standard process for draft laws in Curaçao.
In response to the misinformation, Javier Silvania, Curaçao’s minister of finance, released a statement condemning the false reports and clarifying that the LOK had not been dismissed. The Council’s response to the ministry of finance regarding the LOK was published online on 3 January 2024, revealing that the law could still be sent to parliament.
Overall, Pietersz’s appointment and the clarification of LOK’s status indicate the beginning of an important and transformative period for Curaçao’s gaming industry.