The Gambling Commission of Curacao GCB

The Curaçao Gaming Control Board (GCB) is a cornerstone institution within Curaçao’s gaming industry, serving as the regulatory authority for all forms of gaming conducted in and from the jurisdiction. Since its inception in 1999, the GCB has played a pivotal role in fostering a safer, transparent, and well-regulated environment for gaming activities. With the recent implementation of the National Ordinance on Games of Chance (LOK), the GCB is set to become even more central to Curaçao's gaming landscape.

A Brief History of the Curaçao Gaming Control Board

The GCB was established on April 19, 1999, in response to the Caribbean Financial Action Task Force’s recommendations in 1998. Initially tasked with overseeing land-based casinos, its scope has expanded significantly over the years. By 2013, the GCB had assumed regulatory oversight for the entire gaming industry, including lotteries, bingo, online gaming, and AML/CFT (Anti-Money Laundering and Countering the Financing of Terrorism) compliance.

The enactment of the LOK in December 2024 marks a milestone in Curaçao’s gaming regulation. This legislation introduces a more robust framework for licensing and enforcement, addressing challenges that had persisted under the previous law, the National Ordinance on Offshore Games of Hazard (LBH). The LOK also establishes the GCB’s evolution into the Curaçao Gaming Authority, signifying a more independent and modernized regulatory body.

Licenses Issued by the Curaçao Gaming Control Board

The GCB oversees various types of gaming licenses, ensuring operators adhere to legal and ethical standards. Here’s a breakdown of the licenses it regulates:

1. Online Gaming Licenses

Since March 2020, the GCB has been responsible for licensing and supervising the online gaming sector on behalf of the Minister of Finance. Online gaming operators are required to meet stringent criteria to ensure compliance with Curaçao’s gaming laws. With the LOK now in effect, these licenses will be governed under a more structured and transparent framework, aligning with international standards.

2. Land-Based Casino Licenses

From its inception, the GCB has regulated Curaçao’s land-based casinos, ensuring fair play and compliance. This role was solidified in 2013 when the GCB was designated the sole regulator for the entire gaming industry, including brick-and-mortar casinos.

3. Lottery, Bingo, and Bon Ku Ne Licenses

Since 2017, the GCB has managed licensing for lotteries, charitable bingo, and Bon Ku Ne, a traditional game in Curaçao. It holds the authority to grant, amend, revoke, or suspend these licenses, ensuring transparency and fair operation.

4. AML/CFT Oversight

In February 2019, the GCB’s mandate expanded to include AML/CFT supervision for the entire gaming industry. This ensures that operators comply with international standards for preventing money laundering and terrorist financing, safeguarding Curaçao’s reputation as a trusted gaming jurisdiction.

The Impact of the LOK on Curaçao’s Gaming Industry

The introduction of the LOK in December 2024 marks a transformative phase for the Curaçao gaming sector. This legislation addresses longstanding regulatory gaps by:

• Establishing a clear legal framework for online gaming.

• Enhancing transparency and accountability among operators.

• Introducing a risk-based supervisory approach to better manage compliance.

• Strengthening the GCB’s independence as it transitions into the Curaçao Gaming Authority.

These changes not only improve regulatory oversight but also position Curaçao as a competitive and credible jurisdiction in the global gaming market.

Challenges and Future Developments

While the LOK represents significant progress, challenges remain. The transition from the LBH to the LOK requires careful management to address transitional provisions and ensure a seamless shift for operators. Additionally, implementing a comprehensive responsible gaming policy remains a priority.

The Curaçao government is committed to modernizing gambling legislation to align with international best practices. This includes fostering responsible gaming policies and enhancing the GCB’s capabilities to address emerging challenges in the gaming industry.

Vision and Mission of the GCB

The GCB operates with a clear vision and mission:

• Vision: To be a trusted regulator recognized for ensuring gaming activities are conducted honestly, responsibly, and free from criminal elements.

• Mission: To protect public interest and the integrity of the gaming industry through regulation, licensure, and enforcement.

By upholding these principles, the GCB not only safeguards the public but also contributes significantly to Curaçao’s economy, enhancing tourism and generating revenue.

Conclusion

The Curaçao Gaming Control Board has evolved into a comprehensive regulatory body, overseeing a wide range of gaming activities. From land-based casinos to online gaming, its role is crucial in maintaining the industry’s integrity. With the implementation of the LOK, the GCB is set to further strengthen its regulatory framework, ensuring Curaçao remains a reputable jurisdiction for gaming operators.

As the GCB transitions into the Curaçao Gaming Authority, its commitment to transparency, fairness, and responsible gaming continues to drive reforms. These developments not only benefit players and operators but also solidify Curaçao’s position as a global leader in gaming regulation.