Curaçao Gambling Licenses to Receive New Fee Structure

Curaçao Gambling Licenses to Receive New Fee Structure

Gambling is a popular pastime for many people around the world, and in Curaçao, it is no different. The Curaçao Gaming Control Board (GCB) recently announced a new fee structure for gambling licenses, which will take effect in 2021. This new fee structure is designed to provide more clarity and transparency to the licensing process, as well as to ensure that the GCB can continue to provide the highest level of service.

Under the new fee structure, all gambling license applicants will be required to pay an application fee of $1,000. This fee will cover the cost of processing the application and will be non-refundable. Additionally, all licensees will be required to pay an annual renewal fee of $500. This fee will cover the cost of maintaining the license and will be due on the anniversary of the license being granted.

The new fee structure also includes a number of additional fees that may be applicable depending on the type of license being applied for. For example, if a licensee wishes to operate an online casino, they will be required to pay an additional fee of $2,000. Similarly, if a licensee wishes to operate a sportsbook, they will be required to pay an additional fee of $1,500.

The new fee structure is intended to provide greater clarity and transparency to the licensing process in Curaçao. It is also intended to ensure that the GCB can continue to provide the highest level of service to its licensees. The GCB has stated that it is committed to providing a fair and transparent licensing process and that it will continue to monitor the fees to ensure that they remain appropriate.

Overall, the new fee structure for gambling licenses in Curaçao is designed to provide greater clarity and transparency to the licensing process. It is also intended to ensure that the GCB can continue to provide the highest level of service to its licensees. The new fees are expected to take effect in 2021 and will help ensure that the GCB can continue to provide a fair and transparent licensing process.