Javier Silvania, Minister of Finance within the authorities of Curacao, has launched an announcement through which he condemns what he calls “misinformation” relating to the nation’s new playing regulation.
The National Ordinance for Games of Chance, a brand new laws that can fully overhaul how playing is regulated in Curacao, was submitted to the nation’s Parliament for approval in December 2023. Until the brand new laws is permitted, Curacao will proceed to function beneath the present National Ordinance on Offshore Games of Hazard laws.
In the assertion the Minister of Finance admitted that the National Ordinance for Games of Chance and its submission to Parliament was anticipated to generate a “wider debate.” However, Javier Silvania was eager on warning towards the spreading of misinformation relating to the legislative course of.
The Minister of Finance defined that he observed “a significant amount of misinformation” and strongly urged “against the further propagation of unverified rumors or speculation” relating to the brand new laws. “Full and accurate information can only be guaranteed when issued by either the ministry itself or the Curacao Gaming Control Board,” Silvania added.
Current License Issuing Process Remains in Place
The Minister of Finance additionally expressed his full assist for the Curacao Gaming Control Board as it is going to transition in the direction of the brand new legislative framework. “To suggest otherwise would be reckless and misleading,” Javier Silvania warned.
Moreover, the Minister of Finance confirmed by means of the respective assertion that the present license issuing course of stays in place. According to Javier Silvania that additionally implies that “the Critical Milestones published on 20th December 2023 are likewise unaltered.”
The Critical Milestones doc detailed the ministry’s course of for transitioning from the present framework to the brand new one. One of the important thing dates within the course of shall be 31 March 2024, as a result of from this date, the registration of sub-licenses on the Gaming Control Board web site and the next software for a direct license will not be attainable. Moreover, no new license extensions or renewals of grasp licenses shall be attainable after this date.
The Curacao Gaming Control Board has additionally renewed all playing licenses and from 1 January 2024, all license holders have been allowed to start displaying a digital seal on their on-line on line casino web sites. The software course of for operators kicked off on 1 September 2023 by means of the opening of the net portal, which started accepting account registrations for candidates and sub-licence holders on 1 November 2023.
Source: “Curaçao minister of finance blasts LOK “misinformation”. iGaming Business. January 11, 2024.
