New Online Gambling Regulator Likely Coming To Curacao
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Curaçao licenses 40% of the world's offshore gambling sites. Independent gaming regulator will be installed to oversee the 12,000 online casinos and sportsbooks conducting business through the country.
Online gambling license-holders in Curaçao often maintain only a mailing address in the Netherlands. Dutch officials are tying the installation of an independent gaming regulator to the dispensing of economic aid.
There are currently no online gambling operators licensed in Curaçao. 25% of the population lives in poverty. In 2019, nearly 1.3 million tourists visited Curacao and 463,685 stayed over.
Finance Minister Javier Silvania has submitted an action plan on legislation and regulations that provide for an independent supervisor and issue and maintain licenses where necessary.
The Netherlands began licensing and regulating its own legal online gambling sites in October. PokerStars and Unibet had been accepting deposits from Curaçao for years. Now they have to wait until next year to apply for an operator license.
New Online Gambling Regulator is likely coming to Curacao. Dutch citizens bet €750 million on illegal online gambling sites. There are 12,000 illegal gambling websites operating out of Curaçao, but they are sub-licenses branching off of master licenses.
New Online Gambling Regulator Likely Coming To Curacao. Austrian Bwin and Swedish Betsson expect to lose about 5.9 million euros and 2.5 million euro each month. Online gambling company 888 is counting on more than 700 thousand euros less per month than expected.
The shift to a new Curaçao online gambling regulator is likely to happen. Curraçoo is dependent on the Netherlands’ “National Package” of aid.
There is a new online gambling regulator likely coming to Curacao.
The Dutch government is trying to get local government to tackle the sector in exchange for corona support.
The cabinet takes the concerns about illegal games of chance on Curaçao seriously and has made agreements in the National Package about the reform of the offer in online games.
