Curacao new GCB regime: are Curaçao casinos shifting gears?

Oliver Thompson
March 22, 2024
Curacao Egaming 2024

Last Updated :

Remember those countless online casinos, the ones with the tropical vibes and maybe a slightly sketchy charm? Yeah, a lot of those were probably licensed in Curaçao, a Caribbean island that became a go-to for online gambling businesses. But lately, whispers around the web suggest some of these casinos might be setting sail for a new harbor – a little island called Anjouan. So, what’s the deal?

Curaçao: A Long History of “Almost” Changing the Rules

Let’s be honest, rumors of Curaçao revamping its online gambling framework have been swirling around for years. So much so, it’s become a bit of a running joke. But according to the archives of the Curaçao Parliament, this time seems different. In 2023, the new law finally hit the parliament for the first time – a genuine step forward.

However, Hold Your Horses…

Progress can be slow, and true to form, the Curaçao Parliament didn’t exactly rubber-stamp the new framework. This first hearing rekindled those “Curaçao won’t really change” rumors But fear not, mateys, there’s a silver lining! A new hearing is scheduled for April, so things are still moving (hopefully…).

So, What Does the New Framework Promise?

The new regulator, the LOK, is reportedly sweetening the deal for the government with a juicy percentage cut of the Gross Gaming Revenue (GGR). This suggests a more state-controlled approach to gambling, which could potentially:

  • Boost Curaçao’s Reputation: A stricter framework with a government stake could lead to a more reputable license, making Curaçao-licensed casinos more appealing to players.
  • Increased Regulation: This could translate to a safer and fairer online gambling experience for players.
  • Government Windfall: That GGR tax could be a boon for Curaçao’s coffers.

Sounds like a win-win-win, right? Well, maybe not entirely. A government-controlled system could also lead to:

  • Higher Costs for Casinos: Which might eventually trickle down to players through things like limited bonuses or higher fees.
  • Less Flexibility: A stricter framework might stifle innovation and limit the variety of online gambling experiences available.

Enter Anjouan: The New Curaçao (Maybe)?

With all this uncertainty surrounding Curaçao’s future, it’s no surprise some online casinos are looking elsewhere. Anjouan, another island paradise, has emerged as a potential new hotspot for online gambling licenses. With a (supposedly) more relaxed approach to regulation, it could become the new “go-to” for casinos looking to avoid the stricter Curaçao framework.

The Future is a Mystery…

Only time will tell what the future holds for Curaçao and its online gambling scene. Will the new framework usher in a golden age for both players and the government? Or will it drive casinos away and tarnish Curaçao’s reputation? As for Anjouan, will it become the new wild west of online gambling, or a legitimate alternative?

One thing’s for sure, the online casino landscape is in for a shakeup. So buckle up, players, and keep an eye on the horizon. It’s going to be a wild ride!

Author Oliver Thompson

Hello everyone! Oliver Thompson here, originally from the UK, Southampton. After graduating from California International Business University in 2015, I made a well-thought-out decision to immediately start researching eGaming industry regulations in both the EU and the USA since it was my main field of interest.