The LOK is the planned legislation that will reform the country’s licensing regime for foreign operators. In 2020, the Netherlands government requested that Curaçao reform its gambling regulations as a condition of financial relief in the wake of the Covid-19 pandemic. This largely involved a shake-up of the Curaçao gambling licence, which in recent years gained a reputation as one of the more permissive licensing jurisdictions in the world. Curaçao has gained a reputation has one of the more permissive licensing hubs. Under current law, operators must apply for a sub-licence from one of the four current master licence holders in order to gain approval. Jansen said it is the government’s intention to see this system phased out. While the legislation has not yet been submitted to parliament, the regulators will be issuing new licences with enhanced obligations from 1 September. Migros indirimleri bu hafta nedir diye merak license ediyorsanız indirim kataloğunu incelemelisiniz.
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What should operators do about the new Curaçao license? We recommend that operators stay in close contact with their current legal service providers and wait for more information to come in the following months. For our part, we are doing our best to prepare our clients with proposals for a concrete action plan to comply with the new regulatory requirements. We are keeping our finger on the pulse and will be the first to receive more detailed information regarding the requirements and inform you immediately. We are also preparing a contingency plan for alternative licenses for those operators who will not be willing or otherwise unable to comply with the new regulatory requirements of the Curacao license. If you have any questions about future changes or would like to discuss a plan for further action, please contact the lawyer accompanying your project. We will be happy to answer any questions you may have. Curaçao: All master licences to get one-year curaçao license extension. Jansen outlined how the island would be handling licences at iGB L!VE, as the National Ordinance for Games of Chance (LOK) approaches implementation. Binali yildirimin oğlu.
The minister said these licences will have three important features: These licences will be issued under current legislation, not the LOK; The licences will be directly issued to operators. The approval will only grant the holder the right to operate gambling, not to offer sub-licences; The new licence will include provisions addressing anti-money laundering and responsible gambling obligations. However, after 1 September existing master licence holders will still be permitted to issue sub-licences in line with current legislation. Whether applications for sub-licences with master licence holders that are in progress or paused will continue to be processed will be up to the licensees themselves. The minister urged sub-licences to contact their relevant master licence holder for further clarification. legal advisor to the Curaçao ministry of finance sixiènne jansen. “Contrary to much speculation, there has been no change whatsoever to the legislation or permissions since the minister publicly announced the drafting of the new legislation last November,” said Jansen. As such she emphasised that the only change that the ministry would be making on the 1 September date is that it will begin issuing new licences. While Jansen said that operators will have the choice of applying for licences through the GCB board or a master licensee, the forthcoming implementation of the LOK means that the former category of licences will not need to be resubmitted.
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