Oversight of operators. The Curacao Gaming Authority will be the body responsible for enforcing the new legislation. The CGA will be responsible for issuing recommendations, warnings, fines, requirements for correction, and decisions to revoke the license. Due Diligence Procedure. The legislation provides a new procedure for the verification of all shareholders and key persons of the applicants’ companies. Particular attention will be given to verifying the sources of income and wealth of the applicants under the new regulations. Afyon Karaman curaçao arası otobüs ile seyahat ortalama 0 ile 1 saat arasında sürmektedir.
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Jansen emphasised that the process will not disrupt the business of any current licensees. “No operator is going to have to pause or stop any business as a result of anything done by the ministry,” she said. “One of the primary elements of the transitions into the new regime is to facilitate uninterrupted continuity of all operations of sub-licence holders.” However, when the LOK does eventually enter into force, all sub-licensees will have a 90-day deadline to make an application for a new licence, regardless of the remaining term of the master licence. During the subsequent application process, the old regulations will apply for up to nine months after the implementation of the LOK. “For those operators who do not wish to move to the new licensing regime, they can continue to conduct business up until the date the relevant master licence expires,” said Jansen. New licences after 1 September. After 1 September, the island’s gambling regulator, the Curaçao Gaming Control Board (GCB), will start issuing licences to operators directly. The licences will automatically convert to those granted under the LOK. Casino score.
We will be happy to answer any questions you may have. Curaçao: All master licences to get one-year extension. Jansen outlined how the island would be handling licences at iGB L!VE, as the National Ordinance for Games of Chance (LOK) approaches implementation. The LOK is the planned legislation that will reform the country’s licensing regime for foreign operators. In 2020, the Netherlands government requested that Curaçao reform its gambling regulations as a condition of financial relief in the wake of the Covid-19 pandemic. This largely involved a shake-up of the Curaçao gambling licence, which in recent years gained a reputation as one of the more permissive licensing jurisdictions in the world. Curaçao has gained a reputation has one of the more permissive licensing hubs.
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