Curaçao has embarked on a transformative journey to reform its gambling industry through the National Ordinance for Games of Chance (LOK). Approved by parliament in December 2024, this law aims to establish a safer, more transparent gambling sector while addressing concerns about money laundering and illegal activities. The reforms follow a productive meeting between Curaçao’s Minister of Finance, Javier Silvania, and Dutch officials, including Justice Minister David van Weel and Secretary of State for Kingdom Relations Zsolt Szabó. Collaboration to Enhance Oversight The implementation of LOK marks a significant step in Curaçao’s efforts to regulate an industry previously mired in controversy. The legislation, passed by a 13–6 vote, is the result of Dutch government pressure, which tied COVID-19 financial aid to broader legal reforms. This includes improving gambling regulation to meet international standards. Key aspects of the reform involve collaboration between the newly established Curaçao Gaming Authority (CGA) and the Dutch Kansspelautoriteit (KSA). The two regulatory bodies will share expertise,… Read More
Category: News
Source: Casino News Daily
