Curaçao Government Approves LOK: A Game-Changer for the Gambling Industry

The Parliament of Curaçao has approved the National Ordinance on Games of Chance (LOK), marking a significant overhaul of the island's gambling regulations. This legislative reform aims to enhance transparency, strengthen regulatory oversight, and align Curaçao's gambling industry with international standards.

Key Provisions of the LOK:

• Establishment of the Curaçao Gaming Authority (CGA): The CGA will replace the existing Gaming Control Board (GCB) as the primary regulatory body overseeing all gambling activities on the island. This transition is expected to centralize and strengthen regulatory oversight.

  
  

• Direct Licensing System: The new law introduces a direct licensing regime, phasing out the current master license and sublicense system. Operators are required to apply directly to the CGA for licenses, ensuring a more streamlined and accountable process.

  
  

  

  Curacao Approves LOK

  
  
  
  

• Enhanced Compliance Measures: The LOK mandates strict adherence to anti-money laundering (AML) and know-your-customer (KYC) protocols, aiming to combat illicit activities and promote responsible gambling practices.

  
  

• Digital Seal Implementation: Licensed operators will be required to display a digital seal issued by the CGA on their platforms, signifying compliance with regulatory standards and providing assurance to consumers.

  
  

Finance Minister Javier Silvania emphasized the importance of the LOK in improving Curaçao's international reputation, stating that the legislation will promote transparency, accountability, and compliance with international standards.

Transition Timeline:

• March 31, 2025: Existing sublicense holders must register their sublicenses and apply for direct licenses by this date. Failure to comply will result in the loss of operating rights beyond this deadline.

  
  

• July 1, 2025 (Expected): The LOK is anticipated to be enacted, officially bringing the new regulatory framework into effect.

  
  

The approval of the LOK is a pivotal step toward reforming Curaçao's gambling industry, aiming to attract legitimate operators, enhance economic benefits, and ensure the sector's integrity. Operators and stakeholders are advised to familiarize themselves with the new requirements and prepare for the forthcoming changes to ensure compliance and a seamless transition.