Gross domestic product: USD 20,500 per inhabitant\n\n\nWhy do gambling providers even have a Cura\u00e7ao license?\n\n\n
There are many compelling reasons why online gambling providers apply for a Curacao license rather than an MGA license from Malta. The casino operators in Cura\u00e7ao benefit from an extremely low tax rate of 2%, which applies to winnings. Even in the tax haven of Malta, this value is significantly higher. In addition, licensees in Cura\u00e7ao have the option of obtaining a license with significantly lower start-up capital. The cost of a main license is only $ 34,000. In addition, a monthly fee of USD 5,600 must be paid to Cura\u00e7ao eGaming for the first two years after the establishment.\n\n\n\n
And here is another big problem: In Cura\u00e7ao, the main licensees can sell additional sub-licenses. This possibility has in the past led to private telecommunications companies such as Antillephone N.V. have sold further sub-licenses. However, there is hardly any monitoring of the activities of the sub-licensee.\n\n\n\n
In Cura\u00e7ao, private telecommunications companies can issue further sub-licenses as main licensees. In addition, there is still no \u201creal\u201d regulatory authority for online gambling in Cura\u00e7ao. Therefore, players enjoy comparatively little protection here.\n\n\n
Cura\u00e7ao license is not to be equated with a classic EU license\n\n\n
Many online casinos with a Cura\u00e7ao license promise a first-class EU license, but in fact this is a long way off. One European regulator that is actually known for its rigorous scrutiny is the Malta Gaming Authority (MGA). One of the main tasks of this supervisory authority is to ensure the fairness and transparency of casino games. And the MGA does this much better than the Caribbean Cura\u00e7ao eGaming.\n\n\n
Conclusion\n\n\n
Many, especially inexperienced, casino players mistakenly consider the Cura\u00e7ao license to be absolutely watertight and trustworthy. However, after looking behind the construction, it quickly becomes clear that effective monitoring cannot take place without an integrated regulatory authority. It is also worrying that the few main licensees, including private telecommunications companies from Cura\u00e7ao, are allowed to issue further sub-licenses. It is therefore in any case the right and necessary consequence of the government of the Netherlands to call for a gambling reform in Cura\u00e7ao. In view of the fact that the Netherlands has been providing financial aid to the Caribbean island of Cura\u00e7ao for years, it is to be expected that local politics in the Caribbean will comply with the demands.\n","protected":false},"excerpt":{"rendered":"
Curacao is actually an economically and touristically insignificant island in the Caribbean for Germany. The island with its capital Willemstad has almost 160,000 inhabitants and is only visited by a few thousand Germans each year. 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