How To Get A Gaming License in Curacao 2024

What Happens If You Operate Without a License?

Unfortunately, there are still unregistered casinos operating in Canada without a license. For casino operators, this isn’t the route to take. Sure, it may seem like an easy way to make money quickly. Obtaining a license does have fees and takes time. But, operating an online casino without a license can have some very serious consequences.

On the lighter side of this scenario, unlicensed casinos miss out on opportunities. They won’t be able to partner with leading providers, which limits their selection of games, tournaments, and events and restricts their ability to provide bonus offers that attract players. This can affect its potential to attract new customers.

However, there are much more serious consequences that could arise. A casino operator’s reputation is ruined once it’s discovered that they’re operating without a license. The operator can close the casino and open a new one, but it will be too late. The damage has already been done, and customers won’t trust them.

Unlicensed casinos could also face legal problems. If they are busted operating in a regulated region without a license, then there will be hefty fines to pay. There’s also a high chance that the casino will be forced to shut down. In some cases, illegal casino operators could also face time in prison.

Online casinos can apply for a gaming license through the Curacao Gaming Control Board. One of the advantages of Curacao Gaming is that the license approval process is quick and straightforward. However, this is only the case if the applicant submits all of the necessary documents. If any mistakes are made or information is missing, it will slow down the process.

Before entrepreneurs apply to be on the Curacao Gaming license list, they should become familiar with the license conditions posted on CGCB. This includes fees, security protocols, player registration requirements, application software, terms and conditions, and other key requirements.

When entrepreneurs are ready to apply for a Curacao license, they can visit the CGCB portal and scroll to the ‘Online Gaming License Application Forms’ section. There are three application forms that operators must download and fill out. This includes: Online Gaming Application Form, Personal History Disclosure Form, and Corporate and Business Information Form.

All of the forms must be filled out digitally. Operators can do this using Acrobat Reader. Any handwritten applications that are submitted will automatically be rejected.

Operators can register with Curacao Gaming to access the portal. Once the application forms are filled out, they can submit them on the portal. For any questions, reach out to support at [email protected].

Who Issues Curacao Sublicense?

Sublicenses are issued by the Curacao Gaming Control Board. An established operator that already holds a valid Curacao Gaming master license can grant sublicenses on any other gambling platform they launch.

However, casino operators can also apply for a Curacao sublicense without the master license. This is a great option for start-up companies or operators who plan to launch only one site. Basically, the casino brand will have all of the same privileges as operators with a master license, with the exception of being able to issue licenses.

Types of Curacao Gambling Licenses

We keep mentioning that applying for a gaming license through Curacao is very straightforward. Here is one of the main reasons why: there are no categories. One license fits all gambling activity. This means that one license can be used for online slots, sports betting, live casinos, and all other legal gambling activity online.

This gives B2B businesses the opportunity to operate various types of betting platforms. They can also sell an API included into the Curacao license casino.

Getting approved is actually easy as long as you meet the Curacao gambling license requirements. It’s more than just launching an appealing gambling site and waiting on a license. Operators must check several boxes and have proof to confirm they meet the requirements.

Before applying, operators must have the casino platform ready as well as a business plan. They will also need to have KYC (Know Your Customer) ready. This proves that all casino accounts are verified, and minors cannot access the gambling services.

Along with the business, the business owner will also be up for review. They must comply with conduct and submit a criminal record report, which will only be approved if the owner doesn’t have a criminal history. The registrant will also have a conduct interview after the documents have been submitted. Before anyone can be approved, the CGCB needs proof of the person’s identity, where they are from, how they will finance the operation, and their intent for operating the gambling platform.

Documents Necessary for Company Registration

Along with the three applications mentioned above, documents need to be submitted. Before you submit any documents to CGCB, you need to ensure they are in English and not older than 90 days. If any documents are in a different language, applicants must use certified English translations. Below are the documents that every registrant will need to submit:

• Applicant’s cover letter and resume
• Certified copies of passport (including photo and signature)
• Original or certified copy of a utility bill in your name
• Banker’s reference (applicant must have at least two years with the bank)
• Police clearance certificate
• Letter of reference from an accountant or lawyer (professional relationship must exceed 2 years)
• Proof of domain ownership
• Copies of the gambling site’s terms and conditions, responsible gambling policy, and KYC
• Copy of software agreement
• Proof of third-party certification for RNG (random number generator) in games

The Curacao jurisdiction is one of the fastest for processing gaming license applications. We can’t stress enough how important it is to make sure all of the correct information is submitted. On average, it can take 4 to 8 weeks for the Curacao Gaming license application to finish processing and approval. If everything is in line, then most operators will receive their license within a 6-week waiting period. However, one mistake could stall the entire process.

The application will not be processed until it has been correctly completed. We highly recommend that you fill out all of the documents from an application on your PC. Try to avoid using a web browser to fill them out because if anything interrupts your connection or the page freezes, you could lose information. Instead, fill out the documents using an app, such as Acrobat Reader, and then upload them to the CGCB portal.

It’s also a good idea to review all of the terms and conditions listed on the CGCB website. Take your time reading these and make sure you understand what’s expected before you gather the documents required for the application.

How Long Does It Take to Get a Curacao Gambling License

The Curacao jurisdiction is one of the fastest for processing gaming license applications. We can’t stress enough how important it is to make sure all of the correct information is submitted. On average, it can take 4 to 8 weeks for the Curacao Gaming license application to finish processing and approval. If everything is in line, then most operators will receive their license within a 6-week waiting period. However, one mistake could stall the entire process.

The application will not be processed until it has been correctly completed. We highly recommend that you fill out all of the documents from an application on your PC. Try to avoid using a web browser to fill them out because if anything interrupts your connection or the page freezes, you could lose information. Instead, fill out the documents using an app, such as Acrobat Reader, and then upload them to the CGCB portal.

It’s also a good idea to review all of the terms and conditions listed on the CGCB website. Take your time reading these and make sure you understand what’s expected before you gather the documents required for the application.