In 1996, Curacao was the first territory to begin issuing gambling licenses and has continued this practice. Curacao has become perhaps the most logical choice for startups and entrepreneurs who are interested in online gambling. Its gambling license is one of the most popular in the world, and there are currently over 450 online gambling operators licensed and successfully operating in this jurisdiction. But what makes Curacao so attractive?
First of all, Curacao is considered to be one of the most accessible jurisdictions to obtain a gambling license. In addition, the process of processing license applications takes a relatively short amount of time, and the license itself allows you to engage in different types of games. Also, Curacao is a cost-effective place to locate a gambling business, which attracts even more entrepreneurs. In the end, all of these factors make Curacao an ideal choice for those who are just starting in the online gambling industry.
In 1999, the Curacao Gambling Control Board (GCB) became the body responsible for regulating gambling in the country. Today, its competencies include licensing, supervision, enforcement, promoting responsible gaming, and combating money laundering and terrorist financing (AML and CTF). The authority applies its powers to both land-based casinos and online gaming operations.
GCB has a simple but important mission – to protect the interests of players by ensuring fairness, reliability, and stability in the gambling industry. All licensed operators are required to comply with laws that create a safe gaming environment and respect the rights of players.