The first licences under Curaçao’s new gaming regulatory regime have been issued by the Curaçao Gaming Control Board (GCB). Rhino Entertainment Group’s White Star has secured a new licence for its CasinoDays, while Games and More, Geeka Corporation, and Small House also received licences.
The licensing process was launched just 12 weeks ago, and the GCB has been processing new applications under existing legislation. The National Ordinance for Games of Chance (LOK) will go into effect soon, and the new Curaçao Gaming Authority (CGA) will come into play.
Cedric Pietersz, the new GCB managing director, expressed excitement about the volume of submissions and the transformative period in Curaçao’s gambling sector. Rhino CEO Ross Parkhill also expressed enthusiasm for the enhanced regulatory processes and the commitment to excellence and responsible gaming.
While there is support for the new regime, there has also been some confusion. Reports surfaced last month that the LOK had been rejected, but these reports were false. Curaçao’s minister of finance, Javier Silvania, released a statement condemning the “misinformation” surrounding the LOK and clarified the process, while also confirming that the GCB’s licence issuing process remains the same.
To help clear up confusion, iGB explained how legislation moves through the jurisdiction’s parliament.
Overall, the issuance of the first licences under Curaçao’s new regulatory regime marks a significant moment for the region’s gambling sector, with more licenses in process and a commitment to excellence and responsible gaming. The regulatory changes bring added value and prestige to the licences, and there is excitement for the future in Curaçao’s gaming industry.