What is the Curaçao license?
When you deposit money into online casinos to play casino games , don’t put your money on the first betting site you see. It is important that you stick to online casinos that are regulated by legitimate bodies, such as the Curaçao license.
The Curaçao license has been operational since 1996. This is one of the oldest online gambling regulatory tools out there. The gaming licenses offered in Curacao are quite unique. There, the Ministry of Justice issues licenses to a few selected companies. These companies then act as franchises and offer sub-licenses to other casino operators. There are 4 major companies that have master gaming licenses in Curaçao and Curaçao eGaming is one of them.
Rules governing casinos in Curaçao
Curaçao eGaming has established procedures and regulations to guide both online casinos and physicists. Casino operators must strictly adhere to these rules to obtain a gaming license and keep it operational.
- The rules include paying taxes in a timely manner, protecting the interests of users, and also moral rules such as fair play.
- Curacao laws also state that all players must be 18 years of age or older, whether in online casinos or physical casinos.
- Casino sites must verify the age of the players before they are granted access to play.
Types of casino license
Curaçao eGaming offers only one type of license which is called the “Master License”. This license, issued by the Ministry of Justice, covers all casino games. These include lottery, skill games, sports betting, racing and other online games. Holders of this master license may sublet it to gambling operators.
Curacao eGaming is one of those master license holders. Companies running any gaming operation within the Curacao jurisdiction, including software companies that offer online casino management platforms, must have a master license for gaming.
How to get a Curacao license
To obtain a license, the first thing that gambling operators must do is submit an application to Curaçao eGaming. The authorizing body will take it from there. The organization generally audits the casino to obtain the license, performs a background check, randomly tests the gaming software, and reviews business practices. This may cause some changes to be made to online operation to comply with the license requirement.
Once all requirements are met, the casino will receive the license. Even after it has been issued, regular checks are carried out to ensure that the casino follows all the necessary rules to maintain its license. Occasionally new requirements are added as well, although casinos are generally given a grace period to meet them.
All game operators who have a Curaçao license must display a seal on their website, which acts as proof of validity.