Apart from being a popular destination for tourists, Curacao is also well-known for providing licences and regulations to the gambling companies. Under the 1993 online gaming laws, Curacao eGaming was created in 1996. This body is responsible for delivering licenses related to the gambling sector.
In 2002, Curacao eGaming updated its structure and started to regulate the online gambling industry. The Curacao Internet Gaming Association was also created at that time to make sure that all the operators follow the rules set-up by this company in the goal to protect the players. Although it is less reputed than the regulators like UKCG and MGA, this Curacao entity has responded to the operators’ requirements.
In fact, this regulatory authority licenses all iGaming activities both in Curacao and overseas and offers services that meet the needs of its customers as well. Out of granting a license to the operators, Curacao iGaming provides also IP (Information Provider) for all the license holders.
Curacao eGaming Features
One of the most important features that are worth mentioning is the license offered by the regulator. Curacao eGaming issues a single license that covers all forms of gambling activities such as casinos, sports betting, exchanges lottery, games of skill, and games of chance. Moreover, Curacao casinos can accept the UK players that make these operators so popular for British customers. To get a licence from this company, each applicant has to meet some requirements.
The interested firms must have sufficient finances and integrity to run their business and preserve the international reputation of this regulatory. Once this licence has been received, the licence holders will remain under the supervision of this entity. Therefore, these licencees must provide the necessary protection of their customers. What’s more, the firms who hold it from this regulator are required to display a seal on their website which means proof of their license’s validity.
Aside from issuing one licence on each type of gambling activity, Curacao eGaming offers also services such as helping in gambling software certification, integrating payment systems, hosting and colocation, offering the latest technology, IP compliance services, and many others.
Concerning the hosting and colocation, the regulator provides customized dedicated servers, cloud storage, private cloud servers, GEO IP services, high capacity private racks, and more. As for the licence IP compliance services and data centers, they are located everywhere in the world. The entity supplies compliance solutions designed to facilitate the services of both the providers and operators.
Curacao eGaming Duties
The main mission of the Curacao e-Gaming licensing authority is to oversee the licence holders. The entity is concerned with the protection of the players. It also ensures the integrity and conduct of these operators as well as provides services.
Besides, as stated above, this regulator is responsible for delivering a gambling activities license and supervising the licensees’ conducts and operations. Actually, it has built a good reputation for providing the services and infrastructure required to support not only its licences holders but also the global online gambling industry.
Moreover, the Curacao e-Gaming Licensing Authority makes sure that the licensed operators have to take all the necessary means to measures and prevent money laundering. In addition, the firm also requires Curacao-licensed casinos to follow these specific rules:
The casinos are forbidden to accept players from the Netherlands Antilles.
The operators are required to keep a full audit trail for each player who moves funds on their casinos. This paper trail must include the gambler’s information such as name, address, contact, and wagering data.
Makes sure that the licensees shouldn’t deceive their customers with the marketing and advertisements they offer.
The casinos are required to give all gaming systems to third-party auditors in order to ensure the fairness of the game.
Choosing a gambling site licensed by a renowned gambling jurisdiction is paramount to both the players and the operators. That is probably the reason why many online gambling vendors choose to hold a license from the big regulators like Curacao eGaming. Curacao or Dutch Antilles has become home to the gambling business thanks to this authority.
Even though this executive body is not very renowned compared to some companies, it has always improved its services and has offered its best to make the global gambling fairer and more safely.