Curacao has been one of the leading gambling regulators and is gaining popularity for its steady and beneficial approach. There are many licensing authorities in the gambling market. However, Curacao is the most preferred due to the simplicity in its laws, easier process of holding a license. Curacao license is a fully modern and accepted licensing authority that is low cost and operates without gambling taxes. Many gambling operators prefer Curacao over any other offshore licenses. Online Casinos in the UK are also inclined towards the Curacao eGaming License to get away from the UKGC rules for gambling in the UK where Gamstop is compulsory. It also provides security and reliability which is highly necessary.
How Does Curacao Licensing Authority Stand Out?
Among all other online gambling jurisdictions, Curacao tends to stand out in a variety of ways. Entrepreneurs choose the state for a Gambling license primarily because the Curacao based Online Casinos shall hold a compulsory license confirming the authenticity of the gambling provider. In contrast to the other licensing authorities, no classification of the gambling industry and their demands are put forward which makes it even more convenient. For a company, there are other benefits too :
- Quick, simple, and accessible process for the license grant
- Low-profit tax rates
- Genuinely simple requirements of the licensing body
- Obtaining a prestigious status of a gambling company owning a license
A wide range of Curacao bookmakers are available to UK punters and offer a great ensemble of games from top-tier providers such as Microgaming, Playtech, Azumi, etc. UK bettors are also a part of these Casinos for escaping the strict Gamstop guidelines by the United Kingdom Gambling Commission. The Gamstop scheme binds them into going for self-exclusion which many punters like to avoid by registering themselves on non Gamstop betting sites holding offshore licenses like Curacao.
While most of the offshore sites are highly credible and practice responsible gambling similar to the Gamstop scheme, punters need to check the reviews and ratings associated with each of these sites to avoid obvious pitfalls. For example, many of these casinos have stringent wagering requirements against the Welcome and First Deposit bonuses offered to new players. The withdrawal policies associated with each of these casinos might significantly vary depending on the terms & conditions.
Curacao Operators, Choose Or Avoid?
Pros of a Curacao Gambling License :
- Cheap Startup Solution: Curacao is a quick stop for small online gaming startups with low funds and shared capital. The obtaining process is fast, easy, and simple in comparison to other jurisdictions. The corporate tax and administration costs are very low since offshore companies do not have to audit or annually file the financial statements. It also has lucrative sign-up bonuses for players, high roller VIP players, progressive jackpots, and so on.
- All-Inclusive Package: Curacao gives Sub Licenses. Since 1996, only 4 Master Licenses have been issued. The powers remain the same except the fact that only Master Licenses can issue Sub Licenses. These cover all gaming products and do not require permits for certain games. Parent company holds the sublicense and the services are scattered among domains.
- Bitcoin License: Several Bitcoin casinos are working under the Curacao sublicense, only if they do not lay out as cryptocurrency exchange.
Cons of a Curacao Gaming License :
- Banking Difficulties: Online casinos can cause financial fraud such as tax evasive tendencies and money laundering. Although Curacao Casinos have to abide by the international standards of Anti Money Laundering Policy, the flexible laws and low taxes make banks cautious towards such setups. An Online Casino based in Curacao may have difficulties with the e-wallets such as Skrill, Neteller.
- Decent Reputable License: The ease at which some new startups get hold of gambling licenses might be an issue for potential players. It is important to check the company’s reputation first and then check the licensing jurisdiction.
- Marketing Limitations: Curacao licensed casinos cannot attract punters from markets of France, the USA, and the Netherlands due to their complex legalization processes.
The Concluding Thoughts
Despite its pros and cons, the Curacao license is still one of the most liked and preferred offshore licenses for betting platforms due to its flexibility and simple operations and functioning. For bettors who want to try online offshore casinos with great quality, Curacao Licensed Casinos are a must as they provide wonderful gaming satisfaction simple rules to avoid complications or harassments for the punters in any form. The popularity of Curacao License has been increasing at a rapid pace and they aim at maintaining it even in the future.