New Regulatory Framework “LOK”
On December 17, 2024, Curaçao’s Parliament officially approved the new gambling regulation framework called the National Ordinance of Games of Chance (LOK) by a majority vote. This regulatory change completely abolishes the previous master licensing system. Current license holders are required to reapply according to the new criteria.
Objectives Behind the New Regulatory Changes
The main goals of introducing this new regulatory system are enhancing transparency, preventing fraudulent activities, and restoring trust and credibility. Curaçao aims to reestablish its reputation as a trusted hub for online gambling operations internationally.
Current Licensing Status and Future Prospects
License Issuance Expectations
The Gaming Control Board (GCB) has already received thousands of license applications. Due to this high demand, the review process will become more stringent, likely leading to intensified competition within the industry.
New Types of Licenses Introduced
License Categories
Under the new LOK framework, licenses are divided into three distinct categories according to their intended business model:
- B2B Licenses (Business-to-Business)
- B2C Licenses (Business-to-Consumer)
- B2B2C Licenses (Business-to-Business-to-Consumer)
Main Benefits of Introducing the LOK
Enhanced Transparency and Credibility
One key advantage of the LOK framework is to boost regulatory transparency and operational credibility, ensuring adherence to international standards and industry best practices.
Positioning Curaçao as a Trustworthy Gambling Hub
By implementing LOK, Curaçao aims to reaffirm its position as a trustworthy and reliable jurisdiction for online gambling activities worldwide.
Impacts on Existing License Holders
Transition Measures
The Gaming Control Board (GCB) has prepared transitional measures to ensure a smooth adaptation for existing licensees. However, license holders who cannot meet the new regulatory standards may have their licenses revoked, potentially triggering significant restructuring within the industry.
Expected International Competitiveness
Improving Global Positioning through Regulatory Reform
By establishing clear, robust licensing procedures, Curaçao aims to significantly enhance its global competitiveness as a trusted hub for legitimate online gambling operators.
Additionally, Betrebels holds an MGA license.
Register now to receive free spins as a sign-up bonus and up to a 100% welcome bonus on your first deposit! Plus, you’ll automatically join exclusive campaigns and enjoy free spins on selected slots. With a smooth registration process and secure deposit methods, starting your gaming journey has never been easier!
Rebels Gaming Limited is licensed and regulated by the Malta Gaming Authority (MGA/B2C/172/2009). We comply with all MGA advertising guidelines, which prohibit portraying gaming as a solution to financial or personal problems or as an alternative to employment. Gambling can be addictive—please play responsibly and only with money you can afford to lose. For help or advice, visit BeGambleAware. Terms and Conditions apply.
