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Curacao is actually a member of the Kingdom of the Netherlands. In 1996, the Curacao government founded the Curacao Gaming Commission, a regulatory body of the online gaming industry.
The principle aims and responsibility of the Curacao Gaming Commission, known as the CIGA, is to regulate and license the IPs (Information Providers) of the likes of casino website, sportsbooks operators and various other types of operations involving online gaming and gambling.
Due to it being one of the first nations to offer some form of regulation for the industry, the Curacao jurisdiction is now considered one of the principle regulatory agencies for the internet gaming activities across the globe.
What does the Curacao jurisdiction offer?
Being an early founder of igaming regulation, the Curacao eGaming Commission Association has comprehensive knowledge and experience of the industry, which it passes to its members. Being principally focused on the compliance of IPs means operators have a comprehensive and dependable source of help, assistance and advice in terms of establishing the technical components of their operations.
Not only this, but the island of Curacao has a stable financial outlook and a tax system that is considered favourable to many businesses. Furthermore, different licenses separate from the one that the Curacao jurisdiction provides are not necessary for the various different types on internet gambling, including lotteries, sportsbooks, casinos and betting exchanges. The fact that one solitary license covers the different aspects and features of the online gaming and gambling sector, is seen as favourable by many.
What are the regulations?
Technical elements are the key focus of the Curacao online gaming jurisdiction. To be able to implement regulations related to the technical aspects of the industry, the Curacao eGaming Commission has data centres in strategic positions around the world.
In order to make an application for a license with the Curacao eGaming Commission, the operator is required to hold a registered and valid IP address. The operator must submit the relevant paperwork to the Commission in order for it to be approved. If the operator does it approved by the Commission, it must make regular IP audit submissions in order to carry out a test for the complete compliance that is mapped on by the guidelines of the Curacao jurisdiction.
Members of the Curacao eGaming Commission are required to abide by the rules of the association, such as avoiding unfair practices related to advertising and maintaining a solid audit trail for all customer transactions.
Advantages of casinos with a Curacao License
Many players are heading to online casino sites with a Curacao license because they often offer the best of both worlds. It is a respected license that offers protection and security to players, yet players with Curacao licenses tend to offer players much higher bonuses or free spins that say a casino with a UK Licence. Becasue of the high levels of taxation on UK licensed casinos, the welcome offers and bonus schemes are much more limited and so players looking to find new casino sites with more generous offers such as free spins no deposit, low minimum deposit with high bonuses or simply really high deposit bonuses, will be able to find them more regularly at casinos with a Curacao license.
Casinos with a Curacao license are not bound by the Gamstop regulations in place like UK licensed casinos are. Therefore if you have previously signed up to Gamstop in error or your circumstances have now changed and you want to play in online casinos again, you can play in any Curacao licensed casino instead.
Are there any disadvantages to Curacao licensed casinos?
The main disadvantage, and this would be applicable to most other casino licenses, is that it isn't as robust and strict as a UK License. Casinos with a UK License have to adhere to some of the most robust laws and guidlines and therefore offer players the greatest amount of protection and security. While other licenses are still perfectly acceptable and trustworthy, many players prefere to stick to UK licensed casinos for greater peace of mind. But with the comes the limit on bonuses and VIP schemes and if you're signed up to Gamstop, you can not access any UK licensed casinos at all.