This story was published more than 3 years ago.
Curacao's lax attitude toward licensing online betting operators is coming to an end, after the Netherlands forced the island country to comply with its demands in return for financial support.
Curacao has been receiving money from the Netherlands due to the collapse of the tourism industry that stemmed from Covid-19. In May the Dutch told Curacao that future support would come with conditions, with chief among these being how the island licenses online betting sites. Under the mandate, Curacao will have to form a new regulator that will enforce gaming rules and revoke or fine operators that are not in compliance. Restrictions on player locations will also be implemented, and sites will not be able to accept players from countries where there iGaming is regulated.
There are scores of betting sites that currently hold licenses in Curacao, but the current regulations are rarely enforced, letting operators effectively get away with murder when it comes to how they act.
It'll certainly be interesting to see how the market changes and where the casino operators move to, now that their Curacao licenses will be severely restricted. Casino Listings News will update readers as we learn more.
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Comments
Oh, I think that this news can be one of the top news in 2020 😀
Covid19 is making a good change in Curacao casino licensing.
It is going to take rather long time, I suppose.
Let's see 🙂
I predict a lot of casinos dumping their Curacao licenses and seeking licensure in other jurisdictions. 🙄
This sounds very promising. But I will reserve judgement until we see if anything real actually happens.
Bingo. If they do start to enforce some proper regulation, the rogue operators will just move on to some other tinpot locale that doesn't care what they do so long as they pay their licensing fee. So if they do actually follow through with this plan it will more than likely effectively kill the faux licensing industry in Curacao.
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My guess is Panama or the Bahamas, although the Bahamas may fall under pressure not to do it because of their proximity to the US. Stil... they do need money that's lacking from tourism, so anything could be on the table.