Revised Fee Structure for Online Gaming Licenses in Curaçao
The Curaçao online gaming industry is undergoing a transformation, with the Curaçao Gaming Control Board (GCB) gradually assuming responsibility from the Ministry of Finance. This shift is part of a broader plan to enhance regulatory practices on the island.
New Fee Schedule for Gaming Licenses
A pivotal aspect of this transformation is the introduction of revised licensing fees, effective from November 15. These fees are now categorized into Business-to-Business (B2B) and Business-to-Customer (B2C) licenses.
Breakdown of B2C License Costs
For B2C licenses, which cover platforms that deal directly with customers and manage player data and funds, the first-year costs total €54,050. The breakdown is as follows:
€4,600 as an application fee
€24,600 annual fee
€2,050 monthly fee
€250 for each domain
This is a departure from the earlier policy that allowed a single license to encompass up to 40 gambling domains. Current licenses will be adapted to fit into these new casino categories. The B2B license structure is simpler, comprising a €4,600 application fee and a €24,600 annual fee.
Towards Stricter Regulatory Measures
These adjustments are part of the National Ordinance for Games of Chance (LOK), a legislative proposal presently under consideration by Parliament. This law aims to heighten the entry requirements for regulators, responding to previous critiques regarding the ease of obtaining licenses. By implementing stricter regulatory measures, the intention is to appease countries’ concerns, especially those like the US, where Curaçao-licensed operators are seen as unregulated.