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By ministerial order of March 24, 2020, No. 2020/00449623, the Minister of Finance has mandated the powers granted to him with regard to offshore games of hazard to the Curaçao Gaming Control Board ("GCB"). On behalf of the Minister of Finance, the GCB is thus charged with granting licenses for and supervising the online gaming sector.
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Operating a gaming company requires a constant and uninterrupted flow of money, both from and to players. This is not possible without the use of international banking methods, which require a valid gambling license before they accept any co-operation with gaming companies. These payment methods include everything from Credit card services, to EU banks and online ewallets like Skrill and Neteller.
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Silvania also noted the ongoing license application process under the NOOGH, which will conclude by March 31, 2024. Furthermore, the GCB has updated all gaming licenses, with renewals set until January 2025. A new digital seal for Curaçao-licensed online casinos was launched on January 1, 2024, as announced by the Ministry of Finance.
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New changes anticipate the elimination of this system. All licenses will be issued directly by the new state regulator - Curacao Gaming Authority (CGA). Master licenses and sublicenses will cease to exist. There will be a transition period for current sublicense holders, which we will discuss below. Also, a new type of license will be.
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In particular, gambling operators will be required to register and comply with goAML principles. Mandatory local presence. Curacao license holders must have a local presence, which means opening a physical office in the country. Moreover, within 2 years from obtaining a license, companies will be required to have local residents as key employees.
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Curacao gaming license cost. For all license holders, the license fee amounts to ANG 96,000 per year (approximately EUR 49,000). This fee is paid in monthly installments of ANG 8,000 per month (around EUR 4,100). New license holders will also incur a domain fee for each additional domain, amounting to ANG 500 per year (approximately EUR 255.
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the application for an online gaming license pursuant to the National Ordinance on Offshore Games of Hazard (Landsverordening buitengaatse hazardspelen, P.B. 1993, no. 63) (NOOGH) by operators that wish to acquire an online gaming license directly from the Curaçao Gaming Control Board (GCB), and. (GCB), and. 2. the registration of operators.
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Verify that you are dealing with a properly verified and genuine CEG licensed operator.
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Since March 2020, the Curaçao Gaming Control Board (GCB) has been tasked with the licensing for and supervision of the online gaming sector on behalf of the Minister of Finance. As of November 15, 2023, the GCB shall be accepting and processing online gaming license applications from operators that wish to acquire an online gaming license.
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The license application process after 1 September will involve completing three forms: an online gaming application, a personal declaration, and corporate disclosures.
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The Curaçao Gaming Control Board's (GCB) licence application portal is now accepting account registrations for applicants and sub-licence holders. The portal opened on 1 September. While it contained licence application forms and information on how to apply, hopeful applicants were not able to register until today (1 November).
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Below you can see all the eligibility criteria that have to be met to obtain a license: Your iGaming business must be registered in Curacao. You need to have a local representative. Domain ownership. At least one physical server needs to be located in Curacao. Presentation of the full description of the games.
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For information on the new Curacao Gaming License, contact us via [email protected], Linkedin, WhatsApp us: +972504938469 or Telegram us: GBO_International_Financial. Read Our previous article about.
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Company formation + Annual Maintenance fees +Registered office, Resident agent + Local Executive Co Director. €8900. Curacao Gaming Commission Board (GCB) fees. Annual License fees. 120,000 ANG (Approximately 61,700 EUR) Curacao Gaming Commission Board (GCB) fees.
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License holders are subject to rigorous reporting and auditing protocols, championing an ethos of openness and responsibility. The Curacao Gaming Control Board remains vigilant, ensuring operators consistently uphold the pinnacle of ethical conduct. Efficiency with the LBH License: The forthcoming LBH license holds appeal for new entrants in.