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The National Ordinance on Games of Chance (LOK), which is a crucial step in reforming Curaçao’s gaming industry, has been passed. The new law, which was approved by the parliament with a vote of 13–6, responds to complaints about the island’s lax and antiquated regulatory framework.
The establishment of the Curaçao Gaming Authority (CGA) is a fundamental component of the law. The Curaçao Gaming Control Board (GCB) will be replaced by this independent regulatory agency, which will be in charge of licensing and compliance for both B2C operators and B2B suppliers.
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 Curaçao and undergoing extensive due diligence checks.
Existing license holders will transition to the new system through a grandfathering process. This approach ensures operational continuity while aligning with the updated framework.
Previously, licenses were issued under a master license model with limited oversight, which often tarnished Curaçao’s reputation. The new law seeks to rebuild trust by aligning the jurisdiction with international regulatory standards.
The gaming industry has responded positively to the changes. Aideen Shortt, PR and Marketing Consultant for the GCB, described the development as “a great day for our industry.” The updated framework promises to benefit operators and players alike, while enhancing Curaçao’s global standing as a regulated gaming hub.
By addressing past shortcomings and adopting modern practices, Curaçao aims to secure a stable and reputable future for its gaming sector.