The global financial crisis has affected the gambling market in a way we never expected thus having a huge impact not only on online casinos but on their licensors as well. This includes one of the most reputable jurisdictions, the Government of Curacao. The licensor suffers severe financial issues and the government was forced to ask for support from the Netherlands. As Curacao is located in the Dutch Caribbean region and was also a former part of the Netherlands Antilles, the Dutch have offered their financial support but require the jurisdiction to make some drastic changes in their terms. This is bound to happen in March 2021, and all online casinos with a license from Curacao need to comply with the changes until September the same year.
The Curacao jurisdiction has always been trustworthy, well-proven on the market, and valued by gamblers. At the moment, there are over 450 major online casinos with certification from Curacao. They have chosen the licensor because of its affordable taxes, the looser application process, and not as tight regulations compared to other licensors. That is all about to change with the new standards Curacao is about to set. Starting from a way more tough application process, with many more requirements that need to be filled to receive certification in the first place. There will be a change in administrative taxes and yearly fees. Much more focus will be placed on preventing personal data or funds from leaking to third parties or terrorist organizations.
Online casinos holding a license from Curacao will have to comply with the new set of laws and regulations if they want to keep their license by the end of September 2021. The new regulator, Curacao Gaming Control Board, will be very strict, and no exceptions to the terms will be made. For more information about the new regulations and what to come, stay tuned to Casinodaddy.com, as we update our content constantly. And will keep you up-to-date with all new information about the changes in the terms and conditions of Curacao.
Finally, you can still take advantage of our overall listing of the best online casinos, currently, on the market, so do not miss this exciting opportunity.