Curacao licensed casinos.
Why do so many bookmakers operate under a Curacao license?
Curacao Gambling License is one of the most popular licensors in the bookmaking business (not necessarily the best). The jurisdiction of Curacao is in demand by offshore bookmakers operating in many markets and hundreds of other offices.
What are the benefits of a Curacao license?
Curacao has a very low tax for the gambling business – only 2% of net profit. The license is issued quickly: if you have money and a standard online casino or bookmaker, there will be no problems.
Obviously, most Curacao clients do not expect long-term business and often change legal entities, so the regulator wants to get gains as soon as possible. There are several master license holders in the country who sell turnkey sublicenses: hosting, legal support, financial advice, cloud storage. Thus, responsibility for the holders of sublicenses (that is, bookmakers and casinos) is not the public entity of Curacao, but the holders of master licenses – formally private companies. The Curacao license covers all types of gambling activities, no matter whether you have a casino or a bookmaker. Other jurisdictions require separate licenses for each type of gambling. To obtain a license in the UK, you need hundreds of thousands of dollars and a team of expensive lawyers.
Curacao license constrains?
Low entry barriers have earned Curacao a bad name. Curacao does not interfere in disputes between gambling establishments and disgruntled players. From a player’s point of view, the Curacao license is a dud. The Curacao license does not signal a cheater by default, but an honest bookmaker will have to build a reputation over the years because players are not protected in any way. The Curacao license is not recognized by most European and North American countries; you will have to work in a gray zone, which significantly limits marketing opportunities. The gambling business already has problems opening bank accounts, and the Curacao license will only worsen the situation.
