There will be a transition period for current sublicense holders, which we will discuss below. Also, a new type of license will be introduced for B2B vendors (for the first two years having a license for them will be optional). Accordingly, the operator will only be able to use software from vendors with a local license. Increased regulatory requirements. Fair Play. The changes include new standards for game fairness to ensure that all games offered are transparent and fair. This includes a set of measures to certify games and regular audits of games to ensure compliance with these standards. Curaçao NASIL YAPILIR.
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Given the fact that current master license holders have not had their licenses renewed to this day (all expire in 2023), there is a good chance that the legislation will come into effect soon. More information about the new requirements, as well as the cost of the license, will be available soon, after the final adoption of the bill by Parliament. Unfortunately, at the moment the bill is not in the public domain and we have to collect information from different, but verified sources. The process of getting a new license. We also prepared two charts explaining how the transition to a new license will be handled for existing sub-licensees or for applicants who do not have a valid Curaçao sub-license. Transition to a new license for existing operators. The image will expand upon clicking. Casino roulette betting rules.
As you can see from the diagram, current sublicense holders will be invited to apply through a special online portal. This application will have to be submitted within 90 days from the entry into force of the new legislation. The operator will be able to maintain uninterrupted operation and continue to operate after submitting the application and for the duration of the provisional license, until the issuance of the full license. Obtaining a license for new operators. The situation with the license for new operators who do not have a valid license will be radically different. They will be obliged to get a preliminary confirmation and only after that, they will be able to register a company and apply for a license. This process can take quite a long time. The image will expand upon clicking.
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