Curaçao Gaming Control Board
One of the oldest and most reputed regulators, the Curaçao Gaming Control Board (GCB), has been issuing licenses to gambling companies since 1996. This entity is located in Curaçao, a Dutch Caribbean Island which is famous for its wildlife and attractive beaches. The region is famed for its burgeoning gambling scenery and several luxury land-based casinos. After originally launching as Cyberluck, GCB later rebranded to Curaçao eGaming. This body is very popular in the industry, with over 450 licensed online casinos on the books.
Casinos With a Curaçao Gaming Control Board License
- Curaçao Gaming Control Board
The Role of the Curaçao Gaming Control Board
The GCB prioritizes the safety of players, the interest of the public and the integrity of the local gambling industry. For years, they have been charged with the supervision of land-based casinos and remote gaming in Curaçao. Here are some roles of the Curaçao Gaming Control Board:
- Preventing criminal, fraudulent and corrupt practices within Curaçao and the gambling industry as a whole.
- Ensuring excellent protection of users’ personal and financial data.
- Promoting responsible gaming by educating players on the problems involved with obsessive gambling.
- Guarantee that all games have an RNG application offered by a third-party company.
- Keeping minors and vulnerable individuals from gaining access to gambling platforms within Curaçao.
- Supervising the Curaçao gaming industry to prevent countering the financing of terrorism (CFT) anti-money laundering (AML).
GCB Casino Licenses
Acquiring a Curaçao Gaming Control Board permit is relatively easy. Even lesser-known regulators have stricter licensing processes. The primary basis to be considered for a license from this body is the ability of the applying entity to trade as an operator. The remaining process involves filling out forms.
Also, GCB expects the casino to be financially stable to run its gambling affairs without any problems comfortably. They need to be sure that the operators will be able to secure payouts. Once this is proven, the casino is on the right path to partnering with this Curaçao-based body.
Furthermore, the applying entity must submit an intellectual property application alongside other supporting documents.
Benefits of GCB Licensed Casinos
The most significant advantage of being regulated under the Curaçao Gaming Control Board is the low taxes. Relative to many other bodies, the tax imposed on their gambling revenue is affordable, making it attractive to many casinos.
This is particularly beneficial for startups to try to compete with already established companies. Rather than spending 20% or more on taxes, they can direct their profit into improving the quality of their business instead.
Additionally, obtaining a Curaçao license is easy. There is little paperwork, a straightforward sign-up process and no strict regulations. This particular regulatory body also keeps up with the latest trends. For instance, they allow cryptocurrency deposits and withdrawals at their licensed casinos.
Benefits to Players
The GCB strives to maintain a safe and secure environment for its players to protect them from fraudulent and criminal activities. Also, they monitor their licensed casinos to ensure the protection of players’ personal and financial data.
Moreover, this body verifies that all games are fair and responsible gaming tools and resources are available. They provide a wide range of offerings to players because of their lax regulations.
What is the difference between the Netherlands Antilles and Curaçao licenses?
When the Netherlands Antilles dissolved in 2010, it birthed Curaçao, which became an autonomous territory of the Kingdom of the Netherlands.
Which online casinos have a Curaçao Gaming Control Board license?
Use the list of Curaçao Gaming Control Board casinos to see all online casinos that are regulated by Curaçao Gaming Control Board.