Curacao eGaming2018-11-07T20:09:03+01:00

Curacao eGaming | Online Gambling License

Curaçao eGaming is one of the 4 licensing and regulating authorities that grant gambling licenses to casinos in Curaçao.

Curaçao is an Antilles island, part of the Dutch Caribbean region. It is known for its scenic beaches, beautiful coral reefs, and its conducive business environment for gambling businesses. Curaçao started offering gambling licenses to casinos since 1996. Since then, it has been one of the most attractive destinations for casinos to get gambling licenses on a budget for several reasons. Casinos from not just Curaçao but also elsewhere flock to Curaçao and set up their operations in the country to get the gambling licenses here. The reasons for this are both good and bad. It’s important to know both sides of this story.

Curaçao eGaming is one of the 4 licensing and regulating authorities that grant gambling licenses to casinos in Curaçao.

Curaçao is an Antilles island, part of the Dutch Caribbean region. It is known for its scenic beaches, beautiful coral reefs, and its conducive business environment for gambling businesses. Curaçao started offering gambling licenses to casinos since 1996. Since then, it has been one of the most attractive destinations for casinos to get gambling licenses on a budget for several reasons. Casinos from not just Curaçao but also elsewhere flock to Curaçao and set up their operations in the country to get the gambling licenses here. The reasons for this are both good and bad. It’s important to know both sides of this story.

curacao egaming
Gambling License:Curacao eGaming
Location:Curacao
Established:1996
Website:curacao-egaming.com
CURACAO-EGAMING.com

Obtaining a License: Things You Must Know

For starters, the government of Curaçao does not grant the gambling licenses directly. Instead, the Ministry of Justice issues master licenses to companies and these companies then allow various casinos to obtain sublicenses under their master licenses. In effect, the owners of these master licenses also act as regulators of the industry. Curaçao eGaming is one of such 4 master license holding businesses.

Although the licensing requirements are extremely lenient by industry standards, make no mistake that Curaçao has its own set of compliance and legal requirements for applicants of gambling licenses. For starters, casino businesses must incorporate their business in the country. They are also required to set up their hardware here. Your client database, your server, and many other indicators of a physical presence are required to be present in the country. The applicants will also need to furnish documentation regarding their past businesses, their wealth, evidence of a clean history free from crime, and more. Although they might sound like a great deal of documentation, the requirements are much lesser in comparison to stricter regulators like the UK Gambling Commission or the Alderney Gambling Control Commission.

The best thing about a gambling license from Curaçao eGaming is that a single license is required for hosting all types of casino games from lotteries to scratch cards to table games and more.

However, Not Everything is Great About Curaçao eGaming

While it is true that Curaçao eGaming is the darling of online gambling businesses, its reputation is not as solid as some of the other gambling regulators. In fact, the very leniency in its licensing and compliance requirements give it a questionable reputation. Casinos that have gambling licenses from stricter regulators are generally considered to be better alternatives to casinos that have a gambling license from Curaçao eGaming. It also doesn’t help that this regulator has fallen into disrepute over the fact that it doesn’t take the complaints of the players of the casinos it regulates seriously.

A few years ago, they changed the name from Cyberluck to Curaçao eGaming to rebrand themselves as an agency that has undergone a complete transformation. However, the ground reality continues to be the same. A gambling license from Curaçao eGaming is usually considered to be slightly better than a license in Costa Rica. The thing is that Costa Rica does not even have a gambling license. They just grant them the same permission that they grant any other business. So, Curaçao eGaming is considered marginally better than Costa Rica’s license as this is an industry-specific license with some decent compliance requirements.

curacao egaming

The Costs of a Curacao eGaming License

The most reputed gambling regulators in the casino business charge exorbitant fees from the casino businesses they regulate. UK Gambling Commission, for instance, charges as much as 15% of the revenues in taxes, although their upfront licensing fee is low. Some casinos have high upfront licensing fees, but low annual feels and others vice versa.

In any case, the costs of obtaining a license and operational expenses can stack up to unbelievable sizes. On the other hand, Curaçao offers one of the most economical options – both in terms of licensing fee and annual fees. To begin with, it charges a relatively measly £15000 to £20000 for granting a license and charges only 2% of the net profits as taxes. In addition, the applications for licenses are processed within timeframes as small as 3-weeks. Casinos all over the world love Curaçao eGaming.

More Than a License

Curaçao eGaming is a private entity and a for-profit business. So, it not only offers gambling sublicenses and regulators the casinos under it, but also offers them complete turnkey solutions for running a full-fledged online casino business.

It offers casino software, casino games, website templates, hosting, cloud solutions, and everything else that a casino business requires to thrive. So, Curaçao eGaming is often used as a launching pad for casino businesses to enter the world of online gambling.

Conclusion

It is true that a Curaçao eGaming licenses are not the most respectable in the industry, but that doesn’t mean that all online casinos that have its license are bad. A substantial number of online casinos with Curaçao eGaming license prefer it only for expense-related constraints, but follow excellent business practices.

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