The Curacao Parliament will issue a decision on new gambling regulations.

Curacao new National Gambling Ordinance aims to enhance standards and player protection. Finance Minister disclosed LOK details, highlighting its impact on antimoney laundering and player safety in the gambling sector.

The legislation emphasizes transparency, urging compliance with reputable jurisdiction laws. LOK introduces the Curacao Gaming Authority to combat illegal activities.

Silvania also revealed updated license fees for online operators, including application fees and monthly/annual charges

 

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The new National Gambling Ordinance proposed by Curacao is a significant step towards enhancing standards and player protection in the gambling industry. According to the Finance Minister, it aims to address concerns related to money laundering, fraud prevention, and overall player safety.

One of the key aspects emphasized in the legislation is transparency, urging operators to comply with reputable jurisdiction laws. This is a crucial move as it strengthens the credibility of the industry by holding operators accountable for their actions. By doing so, it ensures a more fair and secure environment for players.

To enforce these regulations, the Curacao Gaming Authority will be established to combat illegal activities within the gambling sector. This regulatory body will play a crucial role in monitoring and enforcing compliance with the new laws and will likely contribute to a safer gambling environment for both operators and players.

In addition to the regulatory measures, the Finance Minister also disclosed updated license fees for online operators. These include application fees as well as monthly and annual charges. While the specific details of these fees are not mentioned, it can be assumed that they have been revised to reflect the increased costs associated with implementing and maintaining the new regulations.

Overall, the introduction of the National Gambling Ordinance and the establishment of the Curacao Gaming Authority signify a strong commitment towards strengthening the gambling industry in Curacao. The focus on transparency, compliance, and player protection is a positive step that will likely build trust and confidence in the jurisdiction.