Curacao Likely Legit For Online Gambling? Will Macau Get Its Location?

It’s become common knowledge in the online casino world that there are various legal jurisdictions where gambling licences can be obtained from. These organisations include the Malta Gaming Authority, Gibraltar Regulatory Authority, The United Kingdom Gambling Commission and, more recently, Sweden’s Spelinspektionen. However, one location that has stood out for many people has been that of Curacao, which has been providing its Curacao eGaming gambling certificates since 1996.

Despite being one of the oldest and, as it describes itself, one of the most politically stable providers of เว็บแทงบอล UFABET  regulated online gaming services, not many people trust in the company as being quite as legitimate as others. This is likely due to the fact that it doesn’t have as strict or severe regulations as most other licensing bodies. Therefore, it remains easy to obtain a gambling licence from Curacao eGaming. And it is also for this reason that multiple offshore companies have opted to utilise this brand as a way of promoting their own legality.However, it looks as though things could be turned around in the near future. Curacao is owned by the Netherlands, and perhaps falling in line with the country’s decision to regulate its own gambling industry, Curacao is also in line for a gambling regulation overhaul. But why is this the case? And what will this mean for all of the offshore brands currently in possession of a licence from Curacao eGaming? It also makes for quite the interesting timing for this to occur, considering that Macau has also spoken of launching its own online gambling scene.

netherlands iconic landscapeThe island of Curacao has negotiated a timetable that will allow it to introduce a new gambling regulator by March 2021. This agreement comes as part of a pact with the Dutch government, and it all ties in to a wider negotiation that should hopefully boost the local economy. Financial rescue packages from the Netherlands are expected to serve the island nation beneficially, but the Netherlands will only send such if the gambling sector is overhauled.Since COVID-19 hit the world, Curacao has suffered from a deprivation of tourists, which has forced the local government to seek help from its mainland Europe counterpart. And following discussions, the Dutch authorities agreed to release liquidity support, with two installments having been forwarded on since April. A third is also on the cards before 2020 comes to an end.

Curacao was hit with a record number of new COVID-19 infections just one week after Dutch Prime Minister Mark Rutte allowed Netherlands residents to travel to the country for a winter break. This was the only location that he allowed travel to, with other locations being completely off-limits. And with this being the case, Curacao along with Aruba agreed to the terms of the Dutch coronavirus aid measures. Sint Maarten has yet to meet the conditions outlined, though.Within the measures, Aruba and Curacao have both agreed to liberalise their economies so as to qualify for the monetary support. Without the donations from the Netherlands, the islands would likely have gone bankrupt already. Public-sector salaries have also had to be cut by between 12.5% to 25%, too. And where Curacao is concerned, certain additional restructuring must be undertaken to revisit administrative and economic measures in order to build resistance. The country’s economy is expected to shrink by 30%, and it is only due to the Landspakket pact that it will gain a short-term recovery from such.

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