The National Ordinance on Offshore Games of Hazard (NOOGH), Curaçao’s gaming legislation, will no longer accept applications for direct licenses as of March 31. Due to this regulation change, operators must register by the deadline in order to continue doing business in the Curaçao market.
As the NOOGH comes to a close, focus turns to the National Ordinance for Games of Chance (LOK), which is presently making its way through Curaçao’s legislative procedure. The LOK, which is expected to completely transform the gaming industry, will bring in a new age of regulation and provide control to the Curaçao Gaming Authority (CGA).
Guidelines and Application Process
The CGA has released extensive instructions that cover the process of applying for a license. These directions, which span nine pages, provide operators with clarity regarding the necessary documents and processes to ensure a smooth transition.
Three essential forms must be submitted in order for an application to be considered complete: the corporation and company information form, the personal history disclosure form, and the online gaming application form. If the application requests additional papers, including police conduct reports, these must be sent right away.
It is the duty of master licensors to get registrations for their linked domains and sublicensees. Operators that are not connected to master licensees or sublicensees that are already in effect, however, are still able to submit applications when the LOK is enacted, even beyond the March 31 deadline.
In the midst of regulatory changes, disinformation management is still critical. Javier Silvania, the Finance Minister of Curaçao, denounced false information about the LOK and advocated for relying on official sources to provide factual information.
In Silvania’s words, “Full and accurate information can only be guaranteed when issued by either the ministry [of finance] itself or the Curaçao Gaming Control Board.”
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