Curaçao Gaming Control Board Updates Fees and Policies for Gaming Licenses

 Summary: Curaçao Gaming Control Board Updates Fees and Policies for Gaming Licenses

The Curaçao Gaming Control Board (GCB) has introduced new fees and collection policies for gaming licenses, effective immediately. Key changes include:

  1. New Fee Structure:

    • A non-refundable license fee of NAF 36,000 (approx. EUR 18,360) is required upon issuance and annually. Monthly fees of NAF 7,000 (approx. EUR 3,570) also apply, with additional fees for each domain.
    • Sub-licensees using the Orange Digital Seal must pay NAF 28,000 (approx. EUR 14,280), which is deducted from the total license fee once approved.

  2. Invoicing and Payment:

    • Invoices will be issued in EUR, and payments can be made in EUR or USDT stablecoin. Operators can opt to pay the annual fee upfront.

  3. License Issuance Process:

    • The license is granted once the initial fee is paid, and operators will be listed in the GCB’s license register. The Green Digital Seal is only usable after the license is fully granted.

  4. Payment Deadlines:

    • Initial invoices must be paid within 5 days, and monthly fees within 14 days. Repeated delays can lead to suspension and eventual revocation of the license.

  5. Suspensions and Revocations:

    • Licenses will be suspended or revoked if payments are not made within the set timeframes, with penalties reflected on the Green Digital Seal and public register.

Operators are urged to comply with the new policies to avoid disruptions.


The Curaçao Gaming Control Board (GCB) regulates land-based and online gaming, ensuring compliance with anti-money laundering and counter-terrorism financing laws. They oversee licensing, responsible gaming, and maintain public transparency through their online gaming portal. Recent updates include new license fees, processes for sub-licensees, and payment deadlines. The GCB also collaborates with local and international partners to uphold industry integrity. For more details, visit their official site here.

Comments

Post a Comment

Popular posts from this blog

Curaçao Gaming Control Board Application and Submission Guidelines

Application Submission Guidelines Application Submission   Corporate Disclosure Form   Business Plan   Online Licensing Application Form   Domains  Start-Ups  Sublicensee Additional Disclosure  Game Certification   Personal History Disclosure Form   Who Needs to Submit a Personal History Disclosure  Critical Documents Uploaded   Communications   Application Submitted   Changes to the Application   Domain Changes  Key Events   Decision Period   1. Application Submission The Gaming Control Board (the “GCB”) has noticed a range of quality in the applications submitted. Some do not meet the required standards, resulting in processing delays due to the need for additional information, amendments, or corrections. It is important that applicants ensure their submissions are complete and of satisfactory quality from the outset. Applicants must fully complete three core forms and upload all required enclosures. ...
Read more

Online Gambling ban in Cyprus imminent?

The home of many online gambling firms plans to ban internet gambling The confused status of online gambling in Cyprus could be clarified soon, with the government completing a draft law seeking to ban the pastime. Following government approval, the bill will now go forward for European Commission and domestic parliamentary debate. The irony of a nation that is the registered home of hundreds of online gambling companies banning internet casino gambling has not been lost on many industry observers; nor has the millions of dollars that the pastime attracts to the Mediterranean island. Announcing the completion of drafting on the bill, which bans internet casino games like roulette, poker, and fruit machines, the Minister of Finance, Charilaos Stavrakis, told the Cyprus Mail: “These [online] casinos have been created on every corner of Cyprus and anyone, young or old can basically gamble in the same way it is done in casinos abroad.” I...
Read more

Change of ownership for Golden Casino

Image
US pull-out follows sale to an undisclosed buyer Communications to marketing affiliates of  Golden Casino .com have thrown further light on yesterday's reports that the operation is to refuse new US members effective December 1st . The communication advises that the change in business model has been motivated by a change of ownership - the buyer is not disclosed - and notifies affiliates that "...in light of recent events one of our clients, Golden Casino, is in the process of being sold, and under the new ownership, Golden Casino will no longer be accepting new players as of December 1, 2009. "Please note, however, this decision does not affect existing Golden Casino players and you’ll continue to be paid on their losses as long as the casino remains in operation. "This client’s decision does not affect the other 3 brands we represent ( Online Vegas ,  GOCasino  and Crazy  Slots ). The operators of these properties have reaffirmed their committment to cont...
Read more