Curacao Gaming Control Board – Ensuring the stability of online gambling industry
Curacao is a Dutch Caribbean island famous worldwide for its beautiful beaches, breathtaking scenery, and coral reefs with extensive wildlife. Everything about Curacao stands out, even its architecture and the nightlife of its capital Willemstad. There are a lot of reasons why Curacao stands out as one of the top luxury destinations for many people. but actually, there’s more to this island than first meets the eye. Curacao has a booming gambling scene, with multiple luxury casinos, gambling venues, and of course its won licensing body, Curacao Gaming Control Board.
Since Gambling is an industry that definitely benefits from regulations and constant surveillance it is always necessary to work and play with casinos that have the licensing This would mean that they are in close contact with the regulatory bodies, have undergone the necessary background checks, and are safe to gamble with. Regulatory bodies make sure that the customer experience is positive and in case there are misunderstanding the players will be eligible either for compensation or they will have the necessary tools backing them up so they can pursue the matter with the casino without the fear of being ignored or neglected. Regulatory bodies are an essential part of the gambling world and should always be considered when choosing a new casino to play with.
Best Curacao-regulated Online Casinos
Curacao’s Gambling Scene
As a fun-loving island, for Curacao the casinos are indispensable, but no one would want to visit a casino, or an island itself if they knew that casinos there were going about their day unregulated and were a possible threat to the customers. This is why the Gambling Body over at Curacao has been working hard to protect the rights of the players and simultaneously has been promoting responsible gambling practices and providing necessary resources for the players.
The Curacao Control Board is regulatory for the Curacao land-based casino industry and it also issues licensing for other gambling-related venues and activities, including lotteries, non ku me, and charity gambling events like bingo. As of recently, the Curacao Control Board has also taken over as the supervisor for the Curacao gaming industry for compliance with legislation and regulation, focusing on anti-money laundering and countering the financing of terrorism, both of these issues are universal to gambling communities all over the world and every regulatory body must focus specifically on these issues to make sure that these illegal activities are completely abolished or at least reduced to the minimum.
The Gambling Board is always priorities the customer and the interest of the public as well as the integrity and stability of the local gambling industry. The way the Gambling Control Board tried to achieve all of its great goals is by setting exemplary industry standards, promoting honest practices, and responsible gaming while providing the tools and necessary resources to actually make that happen. The Gambling Board also worked on abolishing the criminal and corrupt activities that occur within the gambling industry often tainting its name and keeping people from getting into gambling in the first place
Curacao Gaming Control Board was first founded in April of 1999 and is one of the oldest gambling regulatory bodies in the world. Its purpose was well defined from the beginning, to become the regulator of the entire gambling industry that was conducting business in and from Curacao. The act that leads to the foundation of the Gaming Control Board was the second Mutual Evaluation of the Caribbean Financial Action Task Force that was adopted in 1998. Since 1999, the Control Board has earned the respect and the trust of the Curacao residents as well as all the gamblers that visit the island to gamble. For over two decades the Contro Board has managed to improve the quality, to install more honest and transparent policies in the gambling community of Curacao, and to create a more competitive and corruption-free gambling scene on the Island. It is one of the world-famous authorities when it comes to gambling regulations and creating a new industry standard for the players, while also protecting their rights and promoting improved practices.
On their official website, their mission is states as protecting the interest of the public, as well as their integrity and stability. The board does that by implementing necessary regulations and enforcing them, also providing the licensing service, and creating better casinos all around. With that being said, it’s not just the players who benefit from the improved gambling seen that the Board has created. The Curacao Gaming Control Board has helped immensely with the island’s tourist inflow, which is one of the pillars of Curacao’s economy. tourists always want to travel to safe destinations and it’s no surprise that those who want to gamble want to do that safely especially when they are out of their country. So far the Curacao Gaming Control Board has proven to be a very successful regulatory body and has improved the quality of the local casinos immensely
On December 4th of 2013, the Curacao Government decided that the Curacao Gaming Control Board would oversee the whole gaming industry in and from Curacao, this has long been the plan of the local government. In the 2017-2021 government accord this long-term goal is even mentioned as a separate point which just proves to show that Curacao is dedicated to creating one of the outstanding gambling scenes in the world and making it the top safe destination for gambling lovers across the world. Since 2017 the Board has had the authority to grant, revoke amend or suspend the licenses related to gambling, specifically lotteries and different bingo variations They are also working on bringing in Horse Racing under the Curacao Gaming Control Board since horse racing is also huge on the island.
There are a lot of developments and improvements in the future of the CGCB and so far they have proven that they deserve all the encouragement they have been getting from the local government alone.
Since gambling is such a huge part of the Island and its nightlife, it is crucial that people who come as visitors and are looking for some fun are protected, not only from the fraudulent activity but from becoming helpless in a foreign country when faced with a corrupt gambling system. This is why it is crucial that the CGCB continues its hard work and goes on promoting responsible practices and safe and transparent services. Gambling often gets a bad reputation for the very few instances when the casinos are actually connected to money laundering services or are involved in illegal financing. With regulators like this one, it is clear that with proper interference and authoritative regulatory bodies it is more than manageable to improve the safety and the quality of the gambling venues. It has long been a recurring issue with the customer service and deposit/withdrawal issues and it is necessary that there are bodies that will protect the interests of the public, in case they can not do it for themselves.
Importance of Gambling for the economy
the Casinos are a huge part of the Curacao experience and this is why it is crucial not only for the safety of the players but also for the tourism industry and the gambling industry. Curacao Gaming Control Board ensures that the services that local gamblers and international players get are always safe, honest, and don’t try to hide anything from the players. Even in cases where there are some misunderstandings, the regulatory bodies have the authority to change the licensing conditions or to revoke it and suspend the casino from operating. This then helps to set an example with more casinos following the rules and guidelines, wanting to avoid losing their rights to offer these services in the first place.
Curacao Gaming Control Board has completely changed the Curacao gambling scene for the last 20 years and it has become an example of a free yet regulated gambling market where the players can be confident that they will be getting the best possible services and the casinos themselves have seen the rise in demand since the trust in these establishments has strengthened because of the regulatory body and its work.
When it comes to responsible gambling the CGCB has been active on this front as well, especially in the last couple of years. Since July 30, 2012, the GCB and Fundashon pa Maneho Adikshon, (FMA) have worked together to promote responsible gambling through Cooperation Protocol. Together they have created a self-Exclusion Program that works to combat and prevent problem gambling through different awareness programs for the general public as well as for those who are currently struggling themselves or know someone who needs help. As it is often stated problem gambling doesn’t just affect the addicted player but also on average 5 people closest to the gambler So in reality, problem gambling is a challenge that needs to be healthy with ain’t proactive mode, which is something that the Curacao Gaming Control Board has done a great job of so far.
Curacao Gaming Control Board remains an exemplar for those trying to create a healthier gambling environment for their counties as well.