Post-LoK, the initial emphasis will be on strengthening the regulations surrounding online gaming. In addition, the LoK allows for individual game regulations to be enacted through national decrees. The CGA’s mandate ranges from granting licenses to ensuring swift legal compliance and overseeing the sector’s regulations impartially. The establishment of the independent Curacao Gaming Authority (CGA) is a key aspect of the LoK. Maintaining Curacao’s global standing while highlighting its expertise in the i-gaming industry. Central objectives of the LoK include:Īssuring criminal activity is deterred and combated Protecting the interests and well-being of players Minimizing the dangers of gambling addictions and protecting vulnerable individuals, including children The LoK’s emphasis on enforcing and monitoring these directives is a crucial aspect. Key elements of the LoK include prohibitions on illegal gambling, guidelines for issuing, suspending, and revoking licenses, provisions to promote responsible gambling, and the establishment of a new gaming authority.

It essentially establishes broad guidelines applicable to all games of chance offered in or from Curacao. The National Ordinance on Games of Chance is intended to serve as a comprehensive regulatory framework for all forms of gambling. The National Ordinance on Games of Chance (LoK) is being formulated as part of this effort. The objective is to ensure that they adhere to global standards and embrace a comprehensive gaming policy that encompasses all licensed gaming activities under Curacao’s jurisdiction. In response to this demand, the government of Curacao is actively refining its gambling regulations.

The sector’s rapid evolution necessitates a revision of the laws to bring them in line with contemporary international standards. The existing legislative framework, the origins of which can be traced back to 1909, is now obsolete. The National Ordinance on Games of Chance, LOKĪltering Tendencies in the Online Gaming Industry

Differences between mainland and free zone.Banking solutions for Financial Institutions.How to start a Cryptocurrency Exchange?.12 FAQs for setting up new gaming businesses.International Association of Gaming Regulators.Curacao Gaming Company + EU Payment Agent.

Negreanu poker net worth