Many new online casinos opt for a gaming licence from the Curacao because it is relatively easy to obtain and doesn’t cost as much as some of the other licences available around the world. And because the licence gives online casinos and sports betting sites the ability to operate in many territories around the world, which is why you’ll often see it mentioned by companies supplying gambling services to players based in New Zealand. Another huge advantage of the Curacao eGaming licence is that it enables an online casino to accept transactions in cryptocurrencies such as Bitcoin, which is a form of money that a lot of players want to use. If that includes you, be sure to look out for online casinos with an Curacao eGaming licence.
While being relatively cheap and easy to obtain, there’s another reason why online casinos and sports betting sites in New Zealand may opt for the Curacao eGaming licence. That’s because one licence covers all types of real money gambling activities – so online pokies, table games, live casino, poker and sports betting can all be covered under the same licence. This differs from other licences granted by the Malta Gambling Authority (MGA) and the United Kingdom Gambling Commission (UKGC), for example, which both split up their licences by category.
Because of the ease and speed with which an online casino can obtain a Curacao eGaming licence, its reputation isn’t quite what it should be when compared to other licences. This is because there are far fewer checks compared to other licencing authorities such as the MGA and the UKGC, for example, which means that some dogier casinos have slipped through the net on occasions in the past. So, where other authorities have revoked their licences when an online casino falls foul of the laws and regulations as stated, Curacao is known within the industry of being very lenient and often taking money from a company in the form of a fine rather than banning them outright.
Nevertheless, just because your online casino of choice has an Curacao eGaming licence does not in any way mean that it’s dodgy. Far from it – the vast majority of online casinos licenced this way are perfectly reputable and trustworthy. It is, as we say, just a few incidents in the past that have tainted the image of Curacao. This is especially true of startups, which often can’t afford the much more expensive licences offered around the world, but most of them eventually switch when the time is right. So, you can rest assured that Curacao licenced online casinos in New Zealand are going to treat you right.
While the past cannot be changed, Curacao is changing for the better in the future. So, while the licencing authority hasn’t exactly been as diligent as it could have been in the last few years, it is taking several steps to tighten things up. This can only be seen as a very good thing.
Curacao is actually a colony of the Netherlands, so the small Caribbean island is actually governed in some respects by the Dutch government. And as the Dutch authorities have identified gambling and its link to organised crime as a problem, they are forcing Curacao to improve its licencing practices in several areas. That means that key areas such as Responsible Gaming, Anti Money Laundering (AML) and Financial Fraud will all be tackled with a range of reforms. These changes are already taking place and they are still improving, meaning that eventually the Curacao eGaming license will be very similar to other European licences in the near future. That’s great news for online casino players, as they will be better protected.
With stricter rules in place, the Curacao eGaming licence will no longer be disrespected. Its enhanced reputation in the future will also benefit players as it is currently one of the only licences looking to the future by allowing transactions to take place via Bitcoin, Ethereum and Bitcoin Cash. After all, these cryptocurrencies may well be the future of all transactions.
Address: Gaming Curacao 7 Abraham de, Veerstraat PO Box 840, Willemstad, Curacao