What is the Curaçao gambling license, and what is its purpose?

The famous Curaçao eGaming gambling license

First of all, Curaçao is an island located in the southern Caribbean, which is part of the Kingdom of the Netherlands. This kingdom consists of several states, including the Netherlands, Aruba, Curaçao, and Saint-Martin. The island of Curaçao is known for its coves and vast coral reefs, all home to abundant marine life. However, the island is also known for other facts, such as its famous namesake liqueur.

Today, Become Gambler won’t be talking about coves or cocktails, but rather about the gaming license: Curaçao eGaming. It is undeniably the most widespread online casino license in Europe.

Casinos under the Curaçao eGaming gaming license

Many, if not virtually all, casinos available in Europe are regulated by the laws of Curaçao. But why have most of these online casinos chosen the gaming license of the southern Caribbean island?

Tortuga

tortugacasino.com

Tortuga: 120% bonus up to €1,200

Tortuga is an online casino founded in 2020. It is owned and operated by CNCL B.V., which also owns the platforms Cresus and Lucky8. Tortuga operates under a Curaçao eGaming gaming license, making it a reliable and secure platform.

Enjoy a generous welcome bonus, a well-stocked game library, numerous promotions, fast payouts, and highly efficient customer service.

5Gringos

5gringos1.com

5Gringos: 100% up to €500 + 100 free spins

The gaming site 5Gringos was established in 2020, and it is operated by the Rabidi N.V group. Like Tortuga, the platform is regulated by the renowned Curaçao gaming license.

In addition to being reliable and secure, 5Gringos offers you a selection of very good welcome bonuses, numerous features, and the presence of various game providers in its game library.

Viggoslots

viggoslotscasino.com

Viggoslots: 100% up to €1,000 + 170 free spins

Viggoslots is an online casino that was launched in 2019. It is operated by the giant Mountberg, which owns numerous casinos in Europe. Additionally, it operates under a Curaçao eGaming license. This allows Viggoslots to be a trusted, reliable, and secure platform.

On this platform, you can enjoy a very generous welcome bonus, high monthly withdrawals, weekly cashback, and over 2,400 games in its library.

What are the advantages of having this gaming license?

It’s important to note that the Curaçao eGaming gaming license covers multiple gaming sectors. It includes online casinos, exchanges, lotteries, games of chance, skill games, sports betting, and e-sports. This is an advantage compared to some other gaming licenses that do not cover every sector, providing customers with comprehensive information.

This regulatory body is present to combat fraud, which has become commonplace in the online gambling industry. When you plan to register with an online casino, this license can offer you additional confidence and assurance in the fairness and security of your gaming experience.

You can rely on the logo shown here or inspect the license registration statement, which is typically located at the bottom of the casino’s page. These will keep you informed about the status of the casino’s license in real-time.

You may come across several states:

Valid
Unknown status
Invalid

Depending on the status, you can then take certain precautions in advance.

Another license format

Here’s how the online casino Viggoslots displays its Curaçao gaming license:

How to obtain a Curaçao eGaming gaming license?

The gaming license is one of the oldest in the industry, as it was established in 1996. It has already provided 26 years of dedicated service in the world of online gambling. But how can one obtain this renowned gaming license?

To obtain this license and be eligible for it, it’s not extremely complicated compared to some other licenses. In fact, it requires certain criteria to be met in order to be approved:

Have your company registered on the island
Invest in the island, whether it’s equipment or at least a customer database
Possess a local bank account, especially for online casinos
Invest in various payment solutions and e-wallets
Comply with the KYC (Know Your Customer) register, which means knowing the customer. Also, demonstrate efforts against money laundering and the prohibition of underage gambling
Have a clean criminal record
Prove that you have sufficient capital
Register of beneficial owners

As for the cost of this license, various information can be found on the internet. However, the amount is subject to change or is somewhat approximate. According to our research, you will need to spend at least $11,000 to obtain this gaming license for your first two years of operation.

Why do casinos prefer the Curaçao license?

The Curaçao license allows for a quick and cost-effective licensing process. Obtaining it is a significant advantage for online gaming platforms as it involves fewer formalities than some other licenses. Take, for example, the UKGC (United Kingdom Gambling Commission), which is much more stringent and costly and also has a longer acceptance period.

Furthermore, it enables them to benefit from a 0% tax rate and VAT. This means that organizations can reinvest the money saved on these taxes back into their business. Finally, as we discussed earlier, this license covers multiple domains within itself.