{"id":8404,"date":"2024-12-20T05:17:12","date_gmt":"2024-12-20T05:17:12","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/12\/20\/curacao-embarks-on-gaming-industry-overhaul-with-landmark-legislation\/"},"modified":"2024-12-20T05:17:12","modified_gmt":"2024-12-20T05:17:12","slug":"curacao-embarks-on-gaming-industry-overhaul-with-landmark-legislation","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/12\/20\/curacao-embarks-on-gaming-industry-overhaul-with-landmark-legislation\/","title":{"rendered":"Cura\u00e7ao Embarks on Gaming Industry Overhaul with Landmark Legislation"},"content":{"rendered":"<div>\n<p>The National Ordinance on Games of Chance (LOK), which is a crucial step in reforming Cura\u00e7ao\u2019s gaming industry, has been passed. The new law, which was approved by the parliament with a vote of 13\u20136, responds to complaints about the island\u2019s lax and antiquated regulatory framework.<\/p>\n<p>The establishment of the Cura\u00e7ao Gaming Authority (CGA) is a fundamental component of the law. The Cura\u00e7ao Gaming Control Board (GCB) will be replaced by this independent regulatory agency, which will be in charge of <a href=\"https:\/\/igaming.org\/casino-news\/curacao-gaming-control-board-faces-surge-in-licensing-applications\/\">licensing<\/a> and compliance for both B2C operators and B2B suppliers.<\/p>\n<h2><strong>Stronger Standards for a Modern Gaming Industry<\/strong><\/h2>\n<p>The reforms place player protection, anti-money laundering (AML) measures, and responsible gaming at the forefront. Operators must now comply with stricter regulations, including establishing a physical presence in Cura\u00e7ao and undergoing extensive due diligence checks.<\/p>\n<p>Existing license holders will transition to the new system through a grandfathering process. This approach ensures operational continuity while aligning with the updated framework.<\/p>\n<p>Previously, licenses were issued under a master license model with limited oversight, which often tarnished Cura\u00e7ao\u2019s reputation. The new law seeks to rebuild trust by aligning the jurisdiction with international regulatory standards.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The gaming industry has responded positively to the changes. Aideen Shortt, PR and Marketing Consultant for the GCB, described the development as \u201ca great day for our industry.\u201d The updated framework promises to benefit operators and players alike, while enhancing Cura\u00e7ao\u2019s global standing as a regulated gaming hub.<\/p>\n<p>By addressing past shortcomings and adopting modern practices, Cura\u00e7ao aims to secure a stable and reputable future for its gaming sector.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/curacao-embarks-on-gaming-industry-overhaul-with-landmark-legislation\/\">Cura\u00e7ao Embarks on Gaming Industry Overhaul with Landmark Legislation<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The National Ordinance on Games of Chance (LOK), which is a crucial step in reforming Cura\u00e7ao\u2019s gaming industry, has been passed. The new law, which was approved by the parliament with a vote of 13\u20136, responds to complaints about the island\u2019s lax and antiquated regulatory framework. The establishment of the Cura\u00e7ao Gaming Authority (CGA) is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8404","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8404"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8404\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}