The new Curacao Gambling Licence

http://relaxapartmanitara.com/uncategorized/thirteen-best-soiled-cam-sites-2/ Curacao is steadily moving ahead with its new licensing regime which hopes to better regulate remote casinos under its jurisdiction. While the legislation has not been implemented yet, we have a basic understanding of what it will entail.

While new policies and better oversight have been lacking in Curacao and the codification of requirements are welcomed, most existing and prospective Curacao licence holders want to know what it is going to cost them to run their casino out of Curacao.

Licence Costs

While the final licensing costs are not yet known, we have an indication of what these will be from the buy generic Ivermectin Curaçao Gaming Control Board (GCB) who are currently offering sub-licenses under the old legislation (pretty much as a Master License Holder (ML)).

The GCB are offering the sub-license at 100,000 ANG per annum which is approximately €45,000. Comparing this to other ML holders the same license is offered at between €6,000 and €12,000 per annum. If we take this as an indication of what the new regimes license costs are going to be, then we are looking at a 650% increase.

What is our opinion on this?

Curacao is traditionally an “incubation” licensing regime and over the past 20 years we have assisted hundreds of startup casinos get on their feet. We believe that the introduction of new regulations is critical in order to provide guidance to new operators who have traditionally struggled with the lack of codified requirements (think responsible gambling). With the lack of legislative guidance, the onus has fallen on the shoulders of the Master License holders and the local trust companies to figure out.

What makes Curacao unique is that the license cost is low, however, the management cost of the license and vendors services is high (payment providers, Trust management companies, banks, legal costs) compare to regulated jurisdictions.

And the new licensing regime does not necessarily mean that Curacao companies are going to get better banking and payment processing opportunities because these traditionally come out of the EU who has a vested interest in protecting its market. In our years of experience we hqve to recognise that the EU has an embargo on non-eu licensed gaming companies looking for services in the payment, banking space.

Now if the license cost increases by 650%, the burden on the Curacao casino is going to grow to as high as €100,000 per annum. While this is not an issue to large Curacao casinos, the vast majority will find this unworkable and will lead to an exodus from Curacao.

This is what we predict will happen:

  1. Smaller companies are going to move shop.
  2. Startups are going to look at alternative jurisdictions to incubate their ideas.
  3. Lesser known licensing jurisdictions will start to grow and develop, much like Curacao did 20 years ago.
  4. Payments will be more difficult for these companies so we will start to see an exponential growth in Crypto only gaming. These companies will start to operate out of Costa Rica.
  5. The Curacao market is going to shrink.

Local Curacao Trust companies are going to suffer the most as they are positioned to lose a lot of business which means they are going to be forced to either offload staff or hike up their fees. Increasing already expensive fees will be cause for more gaming companies to leave and so a downward trend is likely to result.

A better arrangement?

In our opinion, the proposed changes are poor and could be better implemented. Simply increasing a licence fee by 650% shows a lack of understanding of the market and how economics works. A smart government wants every dollar to move through the local economy which they earn taxes on each time it changes hands which is not what this proposal champions.

In addition to this the proposed fee structure punishes the smaller casinos, and does not take enough from the larger casinos.

A smarter way would be to aggregate the licence cost based on company turnover much like what is done in Ireland where the license costs between €10,000 and €200,000.

Curacao would do well to implement a similar system which would preserve its start up market, and allow larger more successful casinos to contribute more towards the licensing economy and at the same time ensure the local economy grows and prospers.

If you are looking for assistance with a license under the new Curacao regime, get in touch!

Curacao Blockchain Casinos

Blockchain technology has revolutionized many industries, including the online gambling industry. Blockchain casinos offer a new level of transparency and fairness to players, as well as the ability to make near-instantaneous transactions. Curacao, a constituent country within the Kingdom of the Netherlands, has become a popular location for blockchain casinos due to its favorable tax laws and licensing regulations.

The Curacao eGaming Licensing Authority, which provides licenses for online gambling companies on the island, has been quick to embrace blockchain technology. The licensing authority recognizes the benefits of blockchain casinos, including the ability to offer a transparent and fair gaming experience to players.

One of the key benefits of blockchain casinos is the ability to offer provably fair games. This means that players can verify the fairness of each game using blockchain technology. Blockchain casinos use a cryptographic hash function to generate a random number for each game, which is then recorded on the blockchain. The player can then use this number to verify the fairness of the game.

Another benefit of blockchain casinos is the ability to make near-instantaneous transactions. Blockchain technology allows for secure and fast transactions, which means that players can deposit and withdraw funds quickly and easily. This is particularly important for players who want to access their winnings as soon as possible.

Curacao-based blockchain casinos have become increasingly popular in recent years. These casinos offer a wide variety of games, including slots, table games, and sports betting. They also offer a variety of cryptocurrencies for transactions, including Bitcoin, Ethereum, and Litecoin.

One of the most well-known blockchain casinos licensed out of Curacao is BitStarz. This casino offers a wide variety of games and accepts multiple cryptocurrencies for transactions. BitStarz is licensed by the Curacao eGaming Licensing Authority and is known for its transparent and fair gaming experience.

Another popular blockchain casino licensed out of Curacao is FortuneJack. This casino offers a wide variety of games and accepts multiple cryptocurrencies for transactions. FortuneJack is also licensed by the Curacao eGaming Licensing Authority and is known for its fair gaming experience.

In conclusion, blockchain casinos licensed out of Curacao offer a transparent and fair gaming experience to players. The Curacao eGaming Licensing Authority has been quick to embrace blockchain technology and recognizes the benefits of these casinos. Curacao-based blockchain casinos offer a wide variety of games and cryptocurrencies for transactions, making them an attractive option for players around the world.

Curacao as a popular gambling destination

Curacao, a constituent country within the Kingdom of the Netherlands, is a popular location for gambling companies due to its favorable tax laws and licensing regulations. The island’s government has established the Curacao eGaming Licensing Authority, which provides licenses for online gambling companies and regulates the industry on the island.

There are a variety of gambling companies that are based in Curacao, including both online and land-based casinos. One of the most well-known companies is the Curacao Marriott Beach Resort and Emerald Casino, which is located on the island’s beautiful Piscadera Bay. The casino offers a variety of games, including slot machines, blackjack, and poker, and is a popular destination for tourists visiting the island.

In addition to the Marriott, there are several other land-based casinos on the island, including the Diamond Beach Casino and the Carnaval Casino. These casinos offer a variety of games and amenities, including restaurants, bars, and entertainment venues.

However, the majority of gambling companies based in Curacao are online casinos. The island’s licensing authority has established a framework for licensing and regulating online gambling companies, which has made Curacao an attractive location for these companies to operate.

Online casinos based in Curacao offer a wide variety of games, including slot machines, table games, and sports betting. These casinos are licensed and regulated by the Curacao eGaming Licensing Authority, which ensures that they adhere to strict standards of fairness and transparency.

One of the benefits of operating an online casino from Curacao is the favorable tax laws. The island’s government has established a low tax rate for gambling companies, which has made it an attractive location for these companies to operate. Additionally, the licensing fees for online casinos in Curacao are relatively low, which has further incentivized companies to base their operations on the island.

In conclusion, Curacao is a popular location for gambling companies due to its favorable tax laws and licensing regulations. The island’s government has established the Curacao eGaming Licensing Authority, which provides licenses for online gambling companies and regulates the industry on the island. Both online and land-based casinos are available in Curacao, with popular online casinos offering a wide variety of games to players around the world.

History of Curacao

Curacao, a beautiful island located in the southern Caribbean Sea, is part of the former Netherlands Antilles, which was dissolved in 2010. The island has a rich history that dates back to the 16th century when the Spanish first arrived on its shores. Over the centuries, Curacao has been ruled by different European powers and has played a significant role in the development of the Caribbean region.

The first European settlers on Curacao were the Spanish, who claimed the island in 1499. The Spanish quickly realized the island’s potential as a strategic location for trade and established a small colony on the island. However, due to the island’s lack of natural resources, the Spanish soon lost interest in Curacao, and the island remained largely uninhabited for several decades.

In the early 17th century, the Dutch arrived on Curacao and established a trading post on the island. The Dutch saw the island’s potential as a center for the slave trade and began to import large numbers of African slaves to work on plantations. The slave trade became the main source of income for the island, and Curacao quickly became one of the busiest ports in the Caribbean.

In the late 18th century, the British temporarily occupied Curacao, but the island was returned to Dutch control after the Treaty of Paris in 1815. During the 19th century, Curacao continued to prosper as a center for the slave trade, and the island’s economy expanded to include agriculture, fishing, and oil refining.

In the 20th century, Curacao became part of the Netherlands Antilles, which was a group of islands in the Caribbean that were under Dutch control. The Netherlands Antilles became an autonomous territory in 1954, and Curacao became the capital of the new federation.

In 2010, the Netherlands Antilles was dissolved, and Curacao became a separate constituent country within the Kingdom of the Netherlands. Today, Curacao is a popular tourist destination, known for its beautiful beaches, colorful architecture, and vibrant culture.

In conclusion, Curacao has a long and complex history that reflects the island’s strategic location in the Caribbean. From the Spanish colonial era to the Dutch slave trade, and from the British occupation to the dissolution of the Netherlands Antilles, Curacao has played an important role in the development of the Caribbean region. Today, Curacao is a vibrant and diverse society that celebrates its cultural heritage and looks towards a bright future as an independent constituent country within the Kingdom of the Netherlands.

Online casino software

What is online gambling software?

Remote Gaming Servers (RGS) or Player Account Management systems (PAM) are software applications designed to run online casino’s.

Players sign up, make deposits, withdraw winnings, and manage their accounts on the RGS system and where administrator manage their online casino businesses.

What is it used for?

Gambling companies use online casino software in order to offer a B2C service (to players) or a B2B service to casino companies who run their business under a white label, turn key, self service, sports betting or Bitcoin casino arrangement.

Third party casino games

Online RNG casinos

If you want to run a successful online casino make sure the RGS software you are using is reliable and is able to offer a wide variety of games such as:

  • RNG casino games or slots, crash and table games
  • Multi-player card games such as Poker.
  • E-Sports providers, CS Go
  • Sports betting products
  • Custom games

It must also be able to offer certain administration services such as:

  • GEO Blocking
  • Fraud detection
  • Responsible gambling (self exclusion, time outs, etc.)
  • KYC controls

A developer will likely want to build their own client facing application and for this reason the RGS must make this easy to do.

Sports betting, lottery and poker styled casinos

The RGS should be able to integrate into more complicated systems such as:

  • Sports betting software
  • Lottery fulfillment services
  • Poker applications

These systems will want to use remote authentication and wallets.

Our advise would be to use a third party RGS system to gain independence from game provider systems acting as RGS systems. The purpose of this is to avoid being reliant on your game provider to manage your casino especially if you wish to move away from them at some future date.

License requirements

The RGS system is regulated under the gambling licensing jurisdiction of the underlying casino (if any).

In many instances, the RGS will need to be licensed under a type of “manufacturers license” which obliges the system be written according to a set of codified standards.

I have outlined three jurisdictions for your perusal:

Curacao license software requirements

If you run your remote casino business under a Curacao license, then no specific regulations to the RGS casino software you use.

UK License software requirements

RGS providers in the UK must hold a remote gambling software license in order to offer RGS services to UKGC licensed casinos.

South Africa software requirements

RGS providers holding a South African license must hold a manufacturers license in order to offer services to licensed casinos in the region as outlined in the gaming supplier regulations.

What does it cost?

You will be in for a number of costs when using a third party RGS systems such as hosting, software license and commissions on gross gaming revenue (GGR).

Here is a typical cost outline:

  • Setup – €5,000 once off
  • Hosting – ~€500 per month
  • License – ~ €1,000 per month
  • GGR: 2%

Where can I get an RGS system?

There are a number of providers of online casino software. If you have the budget, top providers such as softswiss and softgamings offer comprehensive online casino software solutions but come at a significant costs.

If you are running on a budget, GamblingTec offers a more affordable solution but not as comprehensive.

How can I get help on this?

If you wish to talk to someone about your requirements, my details are in the top right hand corner of this site. I have over two decades experience in the gaming field and I can assist you with your needs.

How to develop and license casino games

The purpose of this article is to help aspiring game developers better understand the process of building a game for the casino space. It may seem relatively trivial to develop a game, but getting your game infront of an audience on a B2B or a B2C basis requires that your application be developed in a certain way.

The problem you face is that not all jurisdictions have the same standards and for this reason some are simpler than others to build for.

How do I start building a casino game?

The first thing you need to understand is that you do not need a gambling license in order to build a casino game. Your game, however, will need to follow certain guidelines in order to be accepted by licensing jurisdictions.

The following is a list of jurisdiction requirements

Curacao Gambling License Your games must have Curacao RNG certification
Malta gambling license You can find the various Malta Regulations here
UK Gambling license You can find the UK technical standards here

Legal opinion for your casino game

If you require a legal opinion for your casino game, get in touch. Our legal team provides reports for our clients looking to start new ventures in new locations.

Legal opinion to run your sportsbook, casino or lottery

We assist our clients with a USA gambling legal opinion to run a casino, sportsbook, lottery, sweepstakes, crypto currency casino or a game of your own invention in the United States. We work with entrepreneurs who would like to offer
gambling, competition or skill based games in the United States and who need professional legal team to look over their concept and make sure that it is compliant with relevant
State laws.

We are able to offer our service for all US states or just a select few.

What States do you cover with your legal opinions?

We offer gambling related legal opinions for all 50 States of the United States.

How much will it cost?

Expect to spend 400 EUR per state / jurisdiction.

How long will it take?

It is hard to tell exactly how long the process will take since laws are ever changing in the gambling space. What we can do is give you an estimate in terms of expected time frames once we have a better understanding of the service you wish to offer.

How to get started?

Get in touch to get started: Skype: brendanjnash WhatsApp: +44 7498 105896

States covered:

Alabama Gambling Legal Opinion for the State of Alabama.
Alaska Gambling Legal Opinion for the State of Alaska.
Arizona Gambling Legal Opinion for the State of Arizona.
Arkansas Gambling Legal Opinion for the State of Arkansas.
California Gambling Legal Opinion for the State of California.
Colorado Gambling Legal Opinion for the State of Colorado.
Connecticut Gambling Legal Opinion for the State of Connecticut.
Delaware Gambling Legal Opinion for the State of Delaware.
Florida Gambling Legal Opinion for the State of Florida.
Georgia Gambling Legal Opinion for the State of Georgia.
Hawaii Gambling Legal Opinion for the State of Hawaii.
Idaho Gambling Legal Opinion for the State of Idaho.
Illinois Gambling Legal Opinion for the State of Illinois.
Indiana Gambling Legal Opinion for the State of Indiana.
Iowa Gambling Legal Opinion for the State of Iowa.
Kansas Gambling Legal Opinion for the State of Kansas.
Kentucky Gambling Legal Opinion for the State of Kentucky.
Louisiana Gambling Legal Opinion for the State of Louisiana.
Maine Gambling Legal Opinion for the State of Maine.
Maryland Gambling Legal Opinion for the State of Maryland.
Massachusetts Gambling Legal Opinion for the State of Massachusetts.
Michigan Gambling Legal Opinion for the State of Michigan.
Minnesota Gambling Legal Opinion for the State of Minnesota.
Mississippi Gambling Legal Opinion for the State of Mississippi.
Missouri Gambling Legal Opinion for the State of Missouri.
Montana Gambling Legal Opinion for the State of Montana.
Nebraska Gambling Legal Opinion for the State of Nebraska.
Nevada Gambling Legal Opinion for the State of Nevada.
New Hampshire Gambling Legal Opinion for the State of New Hampshire.
New Jersey Gambling Legal Opinion for the State of New Jersey.
New Mexico Gambling Legal Opinion for the State of New Mexico.
New York Gambling Legal Opinion for the State of New York.
North Carolina Gambling Legal Opinion for the State of North Carolina.
North Dakota Gambling Legal Opinion for the State of North Dakota.
Ohio Gambling Legal Opinion for the State of Ohio.
Oklahoma Gambling Legal Opinion for the State of Oklahoma.
Pennsylvania Gambling Legal Opinion for the State of Pennsylvania.
Rhode Island Gambling Legal Opinion for the State of Rhode Island.
South Dakota Gambling Legal Opinion for the State of South Dakota.
Oregon Gambling Legal Opinion for the State of Oregon.
South Carolina Gambling Legal Opinion for the State of South Carolina.
Tennessee Gambling Legal Opinion for the State of Tennessee.
Texas Gambling Legal Opinion for the State of Texas.
Utah Gambling Legal Opinion for the State of Utah.
Vermont Gambling Legal Opinion for the State of Vermont.
Virginia Gambling Legal Opinion for the State of Virginia.
Washington Gambling Legal Opinion for the State of Washington.
West Virginia Gambling Legal Opinion for the State of West Virginia.
Wisconsin Gambling Legal Opinion for the State of Wisconsin.
Wyoming Gambling Legal Opinion for the State of Wyoming.
 

How to start an Esports betting business

How to start an Esports betting business

We assist our clients with the setup and maintenance of a licensed Esports betting business under a Curacao gambling license. If you are interested in an Esports gambling business, get in touch, we can help.

What is Esports?

Esports is a type of sporting competition using video games and often taking place as multiplayer competitions between individuals professionals and teams. In the 90s, Esports was played for fun by gamers and by the 2000s professionals stated participating in Esports as well. By the 2010s, streaming services such as Twitch and Youtibe popualarised Esports which started to gain the attention of the greater publics imagination.

Common Esports genres are multiplayer online battle arena (MOBA), first-person shooter (FPS), fighting, card, battle royale and real-time strategy (RTS) games.

You can find out more about Esports from Wikipedia.

Popular Esport franchises

Call of duty modern warfare (moba)

Call of Duty is a first-person shooter video game franchise published by Activision. Starting out in 2003, it first focused on games set in World War II. Today, the series has seen games set in the midst of the Cold War, futuristic worlds, and outer space.

Counter-Strike Global Offensive (CS GO)

Counter-Strike: Global Offensive is a multiplayer first-person shooter video game developed by Valve and Hidden Path Entertainment.

League of Legends (LOL)

League of Legends is a 2009 multiplayer online battle arena video game developed and published by Riot Games for Microsoft Windows and macOS.

Dota 2

Dota 2 is a multiplayer online battle arena video game developed and published by Valve.

Overwatch

Overwatch is a team-based multiplayer first-person shooter developed and published by Blizzard Entertainment.

Rainbow 6 Siege

Tom Clancy’s Rainbow Six Siege is an online tactical shooter video game developed by Ubisoft Montreal and published by Ubisoft.

What does it cost to start a licensed Esports white label betting business?

Setting up an Esports gambling business requires:

  1. Software
  2. Hardware
  3. Payment solutions
  4. Esports Betting feeds

Setting up the software will cost €15,000, data feeds €6,500 per month, gambling license €15,000 per year, Server €4,560 per annum and a 1% fee is levied on the total betting volume.

You can find a formal breakdown of costs here.

How long does it take to setup an Esports Business?

Expect to be up and running within 6 – 8 weeks. This assumes you will have all your paperwork in order.

PS – If I do not respond to your Skype request, please try WhatsApp, sometimes Skype does not deliver the request.

Buy online casino | Over 50 profitable online casino for sale

Buy an online casino

We assist our clients with the purchase and the sale of online casinos. Whether you are looking to buy or to sell, we can put you in touch with prospects.

We obtain our inventory from a number of places such as going to gaming shows, through our licensing business, through our vendors, agents, partners and brokers. Our role is to find, vet and sell casinos.

The simplest and most direct way to get the ball rolling is to get in touch via the WhatsApp link on this page.

Why do people sell casinos?

There are many reasons to sell, in some cases, the operators have other projects to move onto, or wish to retire or an active partner decides to leave and the passive investors decide to sell.

Whatever the reason, we have casinos for sale, and if you are looking to buy, let’s chat!

How it works

Selling a casino is not quite the same as selling a T-Shirt. The best way to start the process is to get in touch and to advise your budget. Once we have an idea of what you are looking for, we will be in a better position to assist you with the process.

How much should I pay?

There are a number of factors involved in what the right price to pay for an online casino. As a rule of thumb, we recommend a bit more than the previous years NGR as a guideline. With a bit of work, you want to recover your investment within 12 months of purchase.

Other influencing factors are company length of trading, the amount of new FTD’s (full-time depositors), and where is the company licensed?

What should I look out for?

It is recommended that you buy a casino through a broker and one that is properly licensed. Your checklist should include:

  1. Is the license valid?
  2. Are all the debts paid up?
  3. What is owed to customers? (i.e. make sure a whale is not waiting for payment!)
  4. Have the affiliates been paid? Angry affiliates can break a brand!
  5. Has the casino been blocked or banned by google?
  6. What are the recurring monthly fees?
  7. Make sure the company exists in the local chamber of commerce.
  8. A general google search will check the casino’s reputation.

How we help you?

We work with a number of casino agents and companies involved in casino mergers and acquisitions. When a client wishes to buy a casino, we run all the necessary checks to ensure the casino is bonafide.

What casinos do you have for sale?

In general, we have between 50 and 100 operational online casinos for sale at any given time. Prices range from 500K EUR to 10M EUR. As a rule of thumb, each casino should more or less recover its sale price within the first year.

What casino structures do you have for sale?

In addition to operational casinos, we also have casino shelf companies. In general, these are companies that have never traded and typically have a bank account, gambling license, software, and processing of some kind.

The price of these vary and you will likely pay anything from 70 – 120K EUR. The advantage of buying such a structure is that its ready to go and you will save yourself many months of effort setting up from scratch.

Current Online Casinos for SaleCurrent online casinos for sale:

We no longer publish our casino list as they get out of date very quickly. If you would like a list of casino opportunities, please contact us via the WhatsApp link on this page.