License flexibility is a plus for operators who seek to offer several gaming options to consumers. Since one license covers all betting types, master license holders and sub-license holders are free to provide nearly unlimited gaming to citizens across the globe, including sportsbooks, casinos, and lotteries. Since the process is historically one of the fastest license approvals on the market, operators appreciate the quick approval timeframe. With zero corporate tax on revenue and a 2% net gains tax, the region continues to attract companies seeking a favorable business environment.
Pros
- Cutting-edge technology
- Best-known casino games
- world-renowned names for virtual games and esports.
- A wide spectrum of e-betting services
- Lifetime validity
- Tax benefits
- Additional technical and financial support
Curacao boasts some of the fastest internet connectivity and advanced IT infrastructure in the western hemisphere. This is facilitated by numerous submarine optic fiber cables, direct satellites, and a level 4 data center. Besides regulating gambling sites, Curacao eGaming offers financial and technical assistance.
The services include international finance, private cloud services, and dedicated services. The economy highly depends on fintech and financial services, and that's why the country invests in decent infrastructure. Online casinos hosted in Curacao do not have web hosting issues.
One License Covers all Betting Types
Through Curacao's licensing and sub-licensing system, online gambling platforms enjoy a broad range of betting services. With a master's license, a casino has the right to sub-license e-games to other providers. This has created a vast network of operators covering online casinos, gaming software, poker, sportsbooks, and so on.
The best part of the Curacao eGaming license is that it works indefinitely. After the acquisition process, which can take 45 days, the recipient can use it for a lifetime. It is also easier to get than applying for a license from the UK Gambling Commission. Moreover, the licensee enjoys a reduction in corporate income tax by 2% until 2026. Luckily, the VAT rate for all casinos operating under Curacao eGaming is 0%.
Cons
Unfortunately, the license has its drawbacks. Several countries restrict Curacao licensed operators from accepting players in certain regions. Any sites accepting players from restricted regions may face license revocation. Although Curacao has a strong reputation in the industry, its license is not as well-regarded as others in the market.
- No intervention in case of disputes between players and gaming providers
- Not necessarily a ticket to trust
Gamblers must know that Curacao's jurisdiction does not solve disagreements between gambling operators and players. Players should do their due diligence before signing up at any online casino.
While many reputable gambling websites have a Curacao eGaming license, it doesn't mean they are 100% trustworthy.