What Are Curacao Licensed Casinos?

Many state gaming authorities have not only been able to establish themselves in Europe, but serious authorities have also formed outside of Europe. One of the currently best-known licenses for online gambling is issued by the authorities in Curacao.

But how exactly does the license work? Is this as reputable as the European equivalents or should casinos with a Curacao license be chosen with care?

Who is Behind the Curacao Gambling License?

To begin with, the key data of the gambling license from Curacao should be clarified. The authority was founded by the Ministry of Justice in 1999, although the licensing does not come directly from the state.

With master and sublicenses, a dynamic of its own has developed in Curacao, which can react much faster to changes, such as in payment transactions, than European state authorities. The authority’s headquarters are in Willemstad, the capital of the Caribbean island. So that you can get all other important information about the authority in Curacao at a glance, a detailed overview of all key data follows.

How safe are casinos with a Curacao license?

From the key data on the gambling authority in Curacao, it can therefore be immediately recognized that it is an established authority in the field of online gambling. The question of whether online casinos with a license from Curacao or Malta are safer should therefore not necessarily be asked. The fact is that you and your payments are safe at both casinos.

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In no case does the license from Curacao mean that it is an inferior license. This also relates to the tasks of the authorities and their integrity. Compared to the UKGC gambling contract, the authority on Curacao is much more accommodating and allows you much more leeway with deposits and bet placements. On the other hand, this does not mean that you turn a blind eye when it comes to player protection or limitations.

You will also be offered to set various limits for daily, weekly or monthly deposits. Likewise, the respective non GamStop casinos are not left out of sight after the license issue. The financial books must still be disclosed so that possible cheating of the player is impossible. All casino payout rates are also checked, so that no online casino can cheat at any point.

Requirements for Obtaining Curacao License

As a basic requirement for obtaining a license from Curacao, companies within the gaming industry must undergo the application phase. During the application phase, the authorities in Curacao first check whether it is a reputable company with a well-thought-out business plan. Another basic requirement is that sufficient liquidity is available. In the further course, the specific security measures for cybercrime, transparent and accurate payout rates, as well as fair business conditions and the corresponding basics of data protection are checked.

What Are the Advantages of the Curacao Licensed Casinos Compared to UK Casinos?

Curaçao casinos are superior to British casinos in many aspects. The list of Curaçao-licensed casinos’ advantages starts with the deposit limit, it is not limited to just 1,000 euros, but can be in the five-digit range!

In addition, cryptocurrencies are allowed, which is unfortunately still forbidden in UKGC online casinos. In the further course, the chances of winning will also be higher. Since the casinos with the Caribbean license do not have to pay huge taxes, the RTP values are not tinkered with.

If you are also looking for quick game rounds and autoplay features, for example, to convert a bonus amount with turbo spins, this is entirely possible. Last but not least, you also have a much larger selection of games brought from both world-class providers and up-and-coming studios.

What Are the Types of Curacao Licenses?

As already mentioned, the licensing system in Curacao is much more complex than in European countries. Instead of centralizing the market, as is currently being considered in the UK, for example, the Ministry of Justice and Finance issued four so-called master licenses between 1999 and 2001. The Curacao Gaming Control Board (GBC) was founded to reconcile all four master licenses.

The agency is currently headed by Leonard Coffi. The task of the GBC is to check the issues of the sublicenses, which are interesting for online casinos or sports betting providers, through the master licenses. The so-called sub-licenses are what gambling providers are issued after an application phase of around 12 months so that any online casinos can then be operated legally on the Internet under the Curacao flag. For a detailed overview, here are the four important master licenses from Curacao:

• Curaçao Interactive Licensing NV (Master License No. 5536/JAZ)
• Cyberluck Curaçao NV: (Master License No.: 1668/JAZ)
• Antillephone NV (Master License No.: 8048/JAZ
• Gaming Curaçao NV (Master License No.: 365/JAZ)

Conclusion

At the end of the article, it should be noted again that online casinos with a license from Curacao are to be regarded as reputable. In principle, nothing speaks against a registration or even a deposit. Although there are a few small differences to the European gaming licenses, the license from the Caribbean state also fulfills the important framework conditions for player protection.