Curaçao-licensed casinos are among the safest in the gambling world. For example, Wazamba is the best casino online in Australia that operates under a license issued by the Curaçao eGaming Authority.
Curaçao was one of the first jurisdictions in the world to legalize online gaming with its 1996 regulations.
In recent years, a number of new casinos have been established that have a license from Curaçao, a Caribbean island many people may know better as the Netherlands Antilles.
Continue reading this guide to find out what the Curaçao license entails and why it is so popular among European casinos.
How it All Started
Casino operations have been an important source of income for the authorities since 1993, and when online casinos started to be established a few years later, they wanted to offer an alternative here as well.
In order to attract business from abroad, Curaçao’s strategy has long been to act as a free port and a tax haven for those with high incomes who want limited taxation.
As soon as the authorities started focusing on the casino business, schemes also appeared to attract gaming companies.
The main benefit of the Curaçao regulator is that casinos only have to pay 2% of their income to the authorities. It is much lower compared to other regulatory bodies.
This is why so many have chosen to move their offices here, both land-based and online casino Australia operators.
Curaçao and Their Four Master License Holders
Here, the authorities have not given the role to one body, as seen in Malta, where the Malta Gaming Authority regulates the market, or the UK Gambling Commission, which does the same in Great Britain.
Through the absence of such a market regulator, the licenses have been a great way to make money, and therefore you could get several licensors instead of one. Today, there are four of them, which go under the following names:
- Cyberluck Curaçao NV (Curaçao-eGaming) #1668/JAZ;
- Gaming Curaçao (GC) #365/JAZ;
- Curaçao Interactive Licensing NV (CIL) #5536/JAZ;
- Antillephone NV #8048/JAZ.
If you come across a Curaçao-licensed online casino Australia and wonder which license they have, you will be able to see this at the bottom of the casino’s page. It can be a logo, one of the license codes listed above, or both.
The Foundation of the Curaçao Gaming Control Board
The Curaçao Gaming Control Board was founded in 1999 and since then has been working on making Curaçao a better gambling destination for casinos.
According to the board, all games at the casinos must be fair and must document the stated RNG (payback percentage).
The online casino Australia shouldn’t be involved in money laundering or any form of organized crime or corruption.
It is the task of the four licensors to ensure that the casinos meet these requirements.
By fulfilling these basic requirements, it is relatively easy for the casinos to get a license application approved.
The process is faster and less complex compared to most regulatory bodies. Thanks to a license from Curaçao, casinos can also offer many different types of games. Not just the standard slots but also table games, live dealer games, and lotteries.
Curaçao is one of the very few licensors that allow this. This also makes the process much cheaper for the casinos, who can complete the entire process in just a couple of weeks.
In general, the Curaçao Gaming Control Board is considered less strict than MGA or the United Kingdom Gaming Commission.
However, this doesn’t mean that the license isn’t trustworthy or compromises the safety of the players. The authorities here simply have a more liberal view of how casino games should take place in the best possible way.
