About Curacao E-gaming Industry
Almost 25 years of expertise dealing with e-gaming is located on the island of Curacao. Online gaming in Curacao has been around just as long as e-gaming itself. Because financial services are so important to the economy of Curacao, it boasts cutting-edge IT connectivity, including a tier IV data center, numerous direct satellites and submarine optic fiber connections. All this means that Curacao has one of the fastest internet speeds in North America.
Curacao is known for having some of the most famous gaming companies in the world. It has a robust licensing system for gaming activities such as gambling, betting, and ability-based games. Curacao offers a set of authorizations that provides a wide range of services for e-betting through a license and sub-license structure.
A master licensee may delegate his right to conduct an e-gaming operation to other service providers who may do so under the endorsement of the main license. That means a few major licenses are all it takes to launch a vast platform of sublicensing activities that include everything from betting to casino gaming, poker services, software supply, and more.
The license has several advantages, including an infinite duration of validity, a fast 45-day procedure, and the licensing of all games.
Advantages of a Curacao eGaming License
Because of its advantageous tax policies and simple licensing procedure, many gambling businesses have chosen to establish operations in Curacao. Net profits are taxed at a rate of only 2% in Curacao, and there are no significant barriers to entry for potential operators. If you have the cash and a legitimate casino, you’ll probably be accepted.
In Curacao, a “master” gaming license costs 60,000 ANG (about $34,000) to set up and then 10,000 ANG (about $5,600) per month for the first two years. The operator may after that negotiate with the government of Curacao for future fees.
A person with a Master license can give sub-licenses to anybody. A sub-license has the same privileges as a master license, except that it may not be leased out. The master license owner is answerable for all activities of all sub-licensees, but he or she does not have to supervise them.
There are several master license holders that provide new entrants into the gambling industry with packages. For a fee, they often provide complete solutions including a sub-license, business licensing, and hosting services to new entrants that is typically less expensive than attempting to do it all alone.
The simplicity of the Curacao gambling laws is also a draw for visitors. For any sort of gaming business, just one license is required. It doesn’t matter whether you’re running a casino, a sportsbook, or a website that does it all; only one license is required.
The procedure for acquiring a license in Curacao is significantly easier than dealing with the UK Gambling Commission or other licensing boards that provide several sorts of licenses, charges that stretch into the millions of dollars, and application procedures so intricate that attorneys are required.
In addition to licensing and supervision, Curacao eGaming provides technical and financial assistance for the online gaming industry. Dedicated services, private cloud servers, international finance, and assistance with other issues relating to online casino operation are just a few of the services offered.
Disadvantages of a Curacao eGaming License
The most significant drawback of a Curacao license is that it has little meaning. Almost anybody with the financial resources and a good casino can go through the first examination. You’re basically in as long as you have the money and a decent casino.
Players are well aware that the licensing criteria in places like Curacao aren’t as stringent as those in other, more discerning jurisdictions. Casinos licensed by Curacao have suddenly gone rogue, stolen money, and vanished. The authorities of Curaçao are ineffective when it comes to player-operator disputes. To a player, a license from Curacao is meaningless.
Of course, there are a lot of safe and reputable gambling sites in Curacao that have been granted licenses. It’s a secure, legal environment to start an online casino in. Casinos in Curacao, though, must build their reputations the old-fashioned way. A license from Curacao isn’t a free pass to trust.