In the meantime, there are quite a lot of non GamStop casinos licensed in Curacao and therefore also set up their headquarters in the small state in Caribbean. The companies in the iGaming industry are obviously those that offer players many gaming options. In addition, it is usually possible to play at the live casino, table games and slots.
If licenses are issued in a somewhat unusual country, you naturally ask yourself some questions as a specialist editor. Among other things, according to the structure and requirements a company must meet in order to obtain a permit. But the most important question we get to the bottom: Is playing in online casinos with Curacao license ever safe?
For more than 25 years, the gambling authorities or Regulatory instances issued in Curacao eGaming licenses, which are now considered very reliable and serious for both casino operators and customers.
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Security on Both Sides
The concern that non GamStop casinos with a Curacao license may be acting dubiously is unfounded. On the contrary: Curacao casinos without GamStop offer similarly high security standards as MGA Malta licenses. In addition, the gaming authority in the Caribbean is committed to casino operators and end customers alike.
If a dispute arises between the parties due to winning odds or payments, the licensing authority sees itself as an intermediary between the parties involved. If there is a problem with the chosen provider, you can contact the licensing authority in Curacao at any time by post, telephone or email. This also applies to the subordinate licensors Antillephone NV Curacao, Cyberluck Curacao NV (better known as Curacao eGaming), Gaming NV Curacao (Gaming Curacao) and Curacao Interactive Licensing NV.
Casino licensing requirements are not 100% identical to those of MGA Malta or the UK Gambling Commission. Nevertheless, the authority requires very high standards, financial foundations and other aspects of license applications in order for a license to operate games of chance to be granted.
Requirements for a Curacao License:
- A high level of fairness is comprehensively checked
- Protection against cybercrime must be fully guaranteed
- Winning odds and payout rates must be presented
- Another prerequisite is a stable economic basis
- Data protection has a particularly high priority
Sometimes the odds in non GamStop Curacao casinos can even be a little more attractive than those of providers who have an alternative gambling license. The reason for this is that there is no high taxation for generating sales in the industry in the Caribbean country. At the end of the day, this results in an advantage for both players and providers.
Curacao Licenses – Various Options for Non GamStop Casinos
The advantage of a gambling license from Curacao is that it usually covers all types of interactive games – including in particular:
- Casino games
- Sports betting
- And now also horse races betting!
The Licensing System in Curacao
It is particularly interesting to look at the licensing system in Curacao. There are basically two forms: a master license and sublicenses. The latter are relevant in the area of online casinos because the operators receive them.
There are only four master licenses in total:
- Curaçao Interactive Licensing NV (Master License No. 5536/JAZ)
- Cyberluck Curaçao NV (master license no.: 1668/JAZ)
- Antillephone NV, license number: 8048/JAZ
- Gaming Curaçao NV (License No.: 365/JAZ)
The four companies mentioned have received their master licenses from the Ministry of Justice and are authorized to issue sublicenses. Curacao Interactive Licensing NV is of little importance today.
The three important license providers from Curacao:
1. eGaming Curacao
Since it was founded in 1996, Curacao, eGaming as the holder of a master license, has been granting sublicenses – both to betting providers and in the area of online casinos. Accordingly, the authority works according to European law. Although Curacao has its own jurisdiction, it is still part of the Kingdom of the Netherlands.
As holders of this international license, casinos with a Curacao license rely on the freedom to provide facility in Europe and thus also offer sports betting and games in this country.
While licensing is very complex and costly in other countries, applying for a sublicense for casinos from eGaming Curacao is comparatively inexpensive and uncomplicated:
Approvals can be obtained for as little as 4,500 euros and a 750 euro fee before submitting the application.
In addition to submitting an online application, the following steps must be completed:
- KYC – Know Your Customer Identity Proof
- Presentation of a coherent, credible business plan
- Personal compliance interview (checking compliance with all legal regulations)
- The company headquarters must be in Curacao. V. and NV are accepted as corporate forms
Interesting fact: Licensees who have been officially verified by eGaming Curacao can grant sub-licenses to other operators. This is particularly true for game studios. The partnerships bring numerous advantages – also for the respective iGaming studio itself, as it does not have to go through the extensive regulatory process.
2. Gaming Curacao
The Gaming Curacao sublicense has existed in the Caribbean country since 1998, and has now been granted to some of the online casinos we know. The license can be applied for companies that are based in Curacao. A distinction is made here between the following license types:
- Online casinos
- Online poker
- Online sports betting
According to its own information, Gaming Curacao is hoping to be accepted by numerous countries around the world. At the same time, players benefit from a trustworthy basis.
3. Antillephone NV Curacao
The country has given Antillephone NV Curacao the responsibility of issuing gambling licenses in compliance with strict criteria. For a long time, Curacao was routed through the Netherlands Antilles. However, the state now has its own jurisdiction, and with this ultimately came the licenses – above all those of Antillephone NV.
Exciting: The private company Antillephone NV is preferred as a licensor by around 99% of all crypto casinos without GamStop. Digital currencies are still not accepted fully in many countries. However, the authority creates the best and safest conditions for companies that set new standards with Bitcoin, Ethereum & Co.
What Tasks Do the Curacao Gaming “Authorities” Have?
Today it is very complex for non GamStop casinos to comply with the legal requirements of each individual country. At this point, Gaming Curacao as well as Antillephone NV and Curacao eGaming are supporting the companies.
The licensors help you understand the regulations and adapt the range of games accordingly. At the same time, these master license companies also offer optional technical support. Anyway the main focus is on the following areas of responsibility:
Complete monitoring of set criteria: The requirements for obtaining a Curacao license should not be underestimated, given all the advantages – such as cheaper license fees and lower taxes. The monitoring authority and all licensors have made it their mission to closely monitor compliance with the guidelines. This means players are permanently protected.
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