The Curaçao Gaming Alter Board (GCB) has launched the reopening of its online licensing portal on 15 July 2024, at 00:01 native time, allowing new purposes under the most recent Nationwide Ordinance on Games of Hazard (NOOGH) regulations. This construction comes as the GCB continues prioritizing purposes submitted throughout the previous utility window, which ended on 30 April, guaranteeing that these are processed first.
Applicants Must Comply with a Thorough Course of
The GCB’s licensing portal will gain purposes from B2C, B2B2C, and B2B operators. The utility direction of has undergone some streamlining with minor procedural updates since the initial March guidelines. One main switch is abolishing the requirement for an authorization letter for portal customers, even though the GCB retains the correct to conduct due diligence on these customers.
Applicants must adhere to the guidelines outlined within the Software Submission Pointers printed in March 2024 and discover the utility manual on hand on the GCB portal. The portal entails right-time checklists to lend a hand applicants discover excellent documentation, guaranteeing a extra efficient approval direction of, even though the authority stated some explicit conditions might presumably require extra steps.
Some considerable procedural modifications include applicants needing to set an loyal representative on the derive portal. Operators might presumably also gentle incessantly test the portal, as the GCB told them to add all associated paperwork correct now in the course of the gadget. This discover might presumably also gentle expedite the utility direction of since the authority might presumably also on occasion require extra enter.
Novel Regulations Promise Tall Enhancements
The GCB has reiterated that no longer one in all the present Master Licenses can be eligible for renewal after their expiration dates, which vary from August 2024 to January 2025. If the Nationwide Ordinance on Games of Likelihood (LOK) passes into regulations sooner than these dates, the Master Licenses will robotically stop on the enactment date.
The LOK marks a gigantic milestone in Curaçao’s efforts to replace its gambling regulations. Curaçao’s Minister of Justice, Javier Silvania, emphasized that the new regulations, expected to be enacted later this year, will safeguard customers and stakeholders in opposition to grey market operators and toughen the jurisdiction’s status. This replace will peep the Curaçao Gaming Authority (CGA) steal over as the regulator.
As the GCB continues to direction of purposes and gradually transitions to the new regulatory ambiance, operators are encouraged to put told and discover the up as much as now requirements to stable their licenses. With the upcoming implementation of the LOK, the island objectives to strengthen its space as a legitimate gaming jurisdiction, guaranteeing that all operations face rigorous oversight.
Offer:GamblingNews
