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.