Reports coming out of the island of Curacao and also being widely reported on many a gambling site, suggest that the regulatory authority responsible for overseeing offshore gambling operations based on Curacao, are set to tighten their rules and regulations.
Now whilst I go out to get something to stop my chin from itching, I will also step back and take a moment to process what I have just written.
You see Curacao currently has four master licence holders and just a mere search of the forum here on Casinomeister, will unveil player miseries aplenty. Not that all operators based on the Caribbean island are bad, but alas the majority of them are. If you have heard of sites promoting ‘Non GamStop’ casinos to problem gamblers, well you can bet the casinos being promoted are based there!
That said according to reports, the island is about to pull it’s virtual socks up as it were, due to increasing pressure from the Netherlands. Of which the Islands whilst being an autonomous country, fall under the auspices of the Kingdom of the Netherlands.
Now some of you may well know that regulation in Holland is moving at pace. Indeed the regulatory authority in Holland, the KSA, is all set to give the green light to regulated and licensed online casinos next year in 2021, having already received over 100 applications for operator licenses.
So the fact that Curacao could potentially be sorting out its own house, could indeed be a knock on effect as to what is happening in Holland.
Forming part of any such changes is the Island government proposing to set up and the creation of a new regulatory authority to look after the gambling industry. This if it happens could well see the end of the online gambling industry’s equivalent of the ‘Three Musketeers’ aka the Four Master Licence Holders!
Certainly if the above does come to fruition, expect to see a mass exodus of operators from Curacao.