One licence for casino and sports betting
The process of obtaining a licence for a new casino can be quite difficult, which, is why a lot of them choose Curacao eGaming as their preferred licence. This licence is much easier to get approval for than a lot of the other well-known licences, such as the one from Malta Gaming Authority. The whole process is both faster, easier and cheaper, and a casino can get their licence within weeks. Another great benefit for casinos online is that there is just one licence, and this covers all kinds of real money gambling.
A somewhat fringy reputation
The fact that Curacao eGaming is considered fast, cheap and easy has not helped the reputation of the licence. In fact, this licence has a somewhat fringy reputation. There are not as many checks done by the licensor, and some casinos are taking advantage of that. Where a lot of other gaming authorities would revoke the licence for breaches of rules and regulations, Curacao is well known for just giving the casinos a slap on the wrist, often in terms of a fine.
The bad reputation a casino can get from having this licence is however not always justified. Some good and reputable casinos hold this licence for other reasons, such as the support of cryptocurrency. Others, specifically the newer casinos, stay with Curacao because the licence is considered cheap to maintain. When casinos grow and have better finances, they often choose to switch to another licence.
Curacao eGaming is about to change
A gambling regulator is supposed to set the rules that online casinos have to follow, and also monitor that they actually do follow them. As mentioned above, Curacao eGaming has not been very diligent in controlling parts of this – so far. However, things are about to change.
Since Curacao is connected to the Netherlands, and as part of the Netherlands Antilles, the Dutch government has quite some say in what goes on in this little Caribbean island, and the gambling licence has now been targeted by the Dutch as something that needs improving. They have said that the licence has to improve their reputation, and the first thing they have to fix is the somewhat relaxed attitude towards financial fraud, money laundering, and responsible gambling. This improvement has already started, and that probably means that Curacao eGaming will eventually become more similar to the other European gaming authorities in the way they operate.
The fact that the licence is about to get stricter, means it can be taken more seriously and will be a benefit for us players, as long as they still allow cryptocurrency for payments. The chances that they will revoke this payment support is luckily quite unlikely, as innovation in financial services is the other big thing Curacao does for its revenue.
Gaming Curacao 7 Abraham de, Veerstraat PO Box 840, Willemstad Curacao