Yo, peeps! As Curaçao gears up to roll with the National Ordinance for Games of Chance (LOK), you might be wonderin’, “What’s the deal with the transition, fam?” Well, sit tight, ’cause we got the lowdown for you!
🕹️ The Game Starts on September 1st 🚀
The Gaming Control Board (GCB) just dropped the bomb and opened the license application portal. It’s got two main gigs: first, it’s all about processing those fresh new applications under the current rulebook with the GCB. Second, it’s the spot where all the sublicensees who wanna keep the party going when LOK drops and the new Curaçao Gaming Authority (CGA) steps in, can sign up.
💼 Same Law, Different Day 📜 Now, remember, only Curaçao-based companies get a seat at this table. That means they gotta have an address here and at least one director reppin’ the island life. But guess what? You don’t need a physical office or local employees – easy peasy, right?
📄 The Paper Trail 🖋️ So, what’s the deal with the application process, you ask? It’s a three-part harmony: application form, corporate disclosure, and personal disclosure. And don’t forget to spill the beans on your Ultimate Beneficial Owners (UBOs) holdin’ over 10% of the capital and the big shots like CEOs.
⏱️ Fast Lane to Approval 🚗 Once you send in the goods, the government’s gonna work its magic and give you a thumbs-up or down within two months. If you’re in, you’ll snag a provisional license and six months to drop those audited policies and procedures.
🔄 It’s All About the Transition 🔄 When LOK goes live, the government’s gonna shuffle your existing apps into the new regime’s deck – no matter where you’re at in the process. So, ain’t no need to sweat the small stuff.
💼 Sublicensees, Where You At? 🧐 If you’re lookin’ to stay in the game as a master licensee or sublicensee under LOK, you better hit that portal before the government does its thing. Once LOK’s in charge, the CGA’s gonna be the big boss.
🎮 Keep on Rockin’ 🤘 All you operators with active master licenses, keep doin’ your thang day in and day out. Just make sure the new sheriff in town – the CGA – knows who’s who.
💡 Quick Tip: Extra Year in the Game 📅 Oh, and shoutout to Sixiènne Jansen, the legal genius reppin’ Curaçao’s ministry of finance – she dropped the bomb that they’re givin’ all master licenses an extra year to keep the good times rollin’.
So, there you have it, folks! Curaçao’s game is changin’, but the fun’s still gonna keep on rollin’. Stay tuned for more updates on this island adventure! 🌞🏝️
