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How Will the Changes to the Curacao License affect Online Gambling?

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How Will the Changes to the Curacao License affect Online Gambling?
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Due to the impact of diminished economic activity and the lockdowns, the tiny Dutch island in the Caribbean has found itself in financial troubles. Under the deal made with The Netherlands that will save its stability, it is forced to introduce changes to the Curacao license that will affect online gambling worldwide.

There are three major demands from the overseas sister country that will make the Curacao license be more alike to what is expected from countries in the EU:

1. Increased pricing for master licenses
2. Prevention of player targeting
3. Increased oversight and inspection

 

This will make the license somewhat harder to obtain, especially for new operators in developing nations that have been popping out recently. But, this will also make the license itself more valuable.

Part of the Economic Assistance Package
For many, the island of Curacao is considered to be a tax haven and benefiting from the fact that it is inside the Kingdom of The Netherlands, which is in the EU, but not itself being under EU restrictions and laws.

Not to mention that it is also a very picturesque Caribbean island that has the same standard as the mainland but much fewer gloomy days than Amsterdam or The Hague.

But, it is also reliant on the financial sector, tourism, and in good part oil refinement from Venezuela, all of which have halted to a degree in 2020. This forced the island to ask for assistance from the mainland.

This assistance is fairly lax and isn’t infringing on the territory’s autonomy. But, it does force some laws to coincide with EU standards that are in force in the Netherlands.

These rules include restrictions in banking, gambling, and service provision that can be seen as predatory. And while they will restrict business a bit, they aim to place more trust in Curacao-based companies.

Affecting other Local Markets
The change in rules will affect local markets globally, especially those that are connected with the island in the financial and online gambling sector.

Australia, which has the biggest gamblers per capita in the world, enjoys a lot of online gambling that is secured with the license from Curacao.

Similarly, Spain and the mainland Netherlands will be affected. Spain has a mix of gambling operators and financial services, as well as cultural ties between Curacao residence and the Spanish.

The Netherlands is not as impacted by online gambling as they already enforce a lot of these rules for local players. But, the financial sector in the country is looking down on this deal.

New Independent Regulatory Body
The first demand from the Netherlands inside the package is the formation of a new and proactive regulatory body that will not only issue the new licenses but also supervise that operators are following the rules stated under them.

Curacao is not in the Eurozone and uses the Antillean Guilder. But, the price of the new master license will be increased to ANG240.000, which is about $134.000 or 113 thousand Euros. This is a steep increase from the current $35.000 which are operators expected to pay.

But, the possibility of losing the license will force all operators to follow all rules and abide by higher gambling standards, making the license itself more valuable.

Additionally, there will be no possibility of underhanded 3rd party license acquisition by buying off a company with an existing permit, as breaking any rules will have it revoked.

Slightly Stricter Acquisition
Operators that want a Curacao license will now need to prove that they are financially capable of running an honest gambling business and paying out their jackpots and major prizes without delays.

Also, they will need to follow the EU standards that regulate privacy information by their customers. But, as most good operators were already doing this to gain access to European markets, such a change shouldn’t create a major impact.

Stop Player Targeting
Player targeting where large spenders are pushed to spend even more is forbidden under EU gambling regulation. Now, all holders of the Curacao license will need to have proactive tools that will prevent people from overspending.

Additionally, and changes to the player’s IP address and behavior will prong investigation to prevent any chance of data or identity theft.

Increase Oversight
Unlike before, the new Curacao agency will assume a more ‘hands-on’ approach to the license holders. Regular testing, inspections, and information requests will be made by the institution to ensure that everyone is following the new rules.

Looking more like Malta
Many have considered Curacao a ‘second-grade’ license compared to one provided by the Malta Gaming Commission because the European island-nation has been under EU laws since they were made.

But, with these deals in place, it is probable that the new rules will make the Curacao license more valuable and more alike to that from Malta. This will make the holders more trustworthy and will reassure the players that they are protected when gambling online.

Gaming

Best Games to Come In 2022

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There is a common quip in the gaming and game development world that new games’ release dates are more of suggestions than a sure thing. This is because no game ever makes its initial release date. But gamers have come to terms with delays and understand that it’s part of the game development process. However, this does not keep us from getting excited about the new titles slated to be released later this year.

This piece will look at the best games you should expect before the year ends. So if you’re ready to possibly get your hopes up for no reason, keep reading to learn more.

1. God of War

God of war is a quirky game set in a world inspired by the Norse mythology and was initially released in 2005. The game has gone through a few iterations over the years, which has only improved its gameplay. The current title does an excellent job at developing its characters and establishing their backstories, pulling you into the game and engaging you even more.

In addition, the musical score does an even better job at accentuating important moments in the game. That’s why we are so excited about the new revamp slated for later on this year. We are sure the stories and music will only get better, and we don’t even need to mention the gameplay. Sony always kills it.

2. Call of Duty

When duty calls, you have to answer. This is one that never disappoints. Its action sequences are as engaging as ever, and the graphics are every graphics designer’s envy. Betway also found that playing COD helps you burn as much calories as a long walk, with a 90 minute gaming session elevating your heart rate to 90+ beats per minute and helping you burn up to 180 calories.

So you can now enjoy your gaming sessions and don’t have to worry about missing the gym. And with a new release this year, we have more than one thing to be excited about.

3. Last of Us

Another title that is excellent to play is Last of Us. It’s set in a decaying post-apocalyptic world and stars two characters—a child accompanied by an adult. However, the story is not about the dilapidated world but about these two characters and their struggle to survive this world.

This is one we hope the development gods here us and release as expected. We cross our fingers and hope it makes its release date this year.

4. A Plague’s Tale

Set in a corps-ridden world, plague-infested rats and inquisition soldiers who have it out for the two orphaned sibling protagonists. The game’s setting does an excellent job of making the main characters empathetic as you witness their struggle from a third-person perspective.

However, the gameplay is not that engaging, and the obstacles are neither challenging nor compelling. We are glad the makers are revamping this one and getting a second chance at taking another crack later this year.

5. FIFA 23

FIFA is a classic game that never disappoints. It has been a favorite for many, and FIFA 23 is expected to be the most popular iteration of the francise yet.

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2022 World Series of Poker® Hall of Fame Finalists Announced

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Following a two-week nomination period, the World Series of Poker (WSOP) has announced the highly anticipated list of ten Poker Hall of Fame nominees. Inducting one new member annually, the ten nominees will be considered by 32 living members who will allocate a ballot of ten total points to determine the 2022 Hall-of-Famer. The finalists are as follows:

 

  • Josh Arieh
  • Layne Flack
  • Bertrand “ElkY” Grospellier
  • Kathy Liebert
  • Mike Matusow
  • Lon McEachern & Norman Chad
  • Michael Mizrachi
  • Brian Rast
  • Matt Savage
  • Isai Scheinberg

 

There are three new finalists in the 2022 class including four-time WSOP bracelet winner, Josh Arieh, and Las Vegas residents Kathy Liebert and Brian Rast.

 

The induction ceremony will be held on Sunday, July 10 in tandem with the final table of the Main Event at Bally’s & Paris Las Vegas. All living Poker Hall of Fame members are invited to freeroll into the $1,979 No-Limit Hold’em tournament, with the buy-in priced in honor of the Hall of Fame’s founding year. This event will be open to all players. Each participating Hall of Famer will have a bounty corresponding to the year they were inducted into poker’s most exclusive club. The 2022 inductee will be announced during the event.

 

For more information on the Poker Hall of Fame, visit http://www.wsop.com/pokerhalloffame/.

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QTech Games bolsters its offering with CQ9 Gaming integration

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Emerging-markets leader extends its premier portfolio with more top slots from an emerging Asian force in multiplayer video content

QTech Games, the number-one games distributor across all emerging markets, has announced its latest premium partnership with Asian video content and slots supplier, CQ9 Gaming.

Under the terms of the new agreement, CQ9 Gaming’s GLI-certified portfolio – comprising top-quality slots, arcade, and table casino games – has been integrated for QTech Games clients and their players, providing another cutting edge to a powerhouse platform recognised for bringing the finest online games to market across developing territories.

Popular CQ9 titles include Good Fortune, 1945, Kronos, Zeus, Lucky Fishing, and many others which harness the appeal of multiplayer fish games, arcade games, not to mention multiplayer online board and card games. This ever-evolving production line will help QTech Games strengthen its comprehensive spread of gaming verticals, central to QTech ONE™, its definitive one-stop shop for global operators.

The deal organically broadens CQ9 Gaming’s global footprint, accessing a fresh scope of growth markets for accelerated expansion. As the fastest-growing distributor over the past few years, QTech’s platform is localised for each region with native mobile apps, robust reporting and marketing tools, and 24/7 local-language support.

Ulf Norder, CCO at QTech Games, said: “We’re excited to be teaming up with CQ9 Gaming whose stunning graphics and gameplay chart near the pinnacle of the marketplace. The QTech Games platform is equipped with the best games from the world’s leading suppliers – and CQ9 now joins this branching tree.

“CQ9 Gaming may only be a young company, but they’ve already managed to build a strong fan-base in Asia and are moving on to conquer previously untapped markets in Europe and LatAm. Their titles run off an agile HTML5 gaming engine, meaning that you can access them either via desktop or mobile devices, even if the casino doesn’t currently offer a dedicated mobile app.

“Wherever you set your scene in this ever-changing landscape, our platform champions a mobile-first mantra, packed with all the best localised games that cater to varied cultural tastes. By way of instructive example, if you don’t offer the fish game in China, there’s no chance of becoming successful. And it’s a similar story with the Andar Bahar in India. CQ9 understand the demand for regional specificity throughout Asia and beyond, making them a logical and long-term ally with which to team up.”

A CQ9 spokesperson added: “This deal significantly broadens CQ9 Gaming’s international influence, opening up ‘margin’ markets from Eastern Europe and Latin America for diversified growth.

“CQ9 is one of the leading video slot suppliers in the Asian market with more than 100 titles under our belt. We’re steadily working on extending that reach and establishing ourselves in Europe and CIS-facing territories, and QTech’s broad spread of emerging-markets access means we can achieve this with dexterity while also consolidating our existing Asia-facing audience.

“Our goal has always been to design intuitive and interactive live-dealer experiences that are customised for every generation of mobile end-user. Since QTech Games is a defining distributor across Asia and other unexploited regions, we can’t wait to see how our games connect with different and diverse player profiles.

“At a time of refined localization techniques, QTech Games is really delivering on their brand promise of customising high-class content for varied cultures. This is what keeps them at the forefront of relevance for all kinds of players in the bubbling melting-pot of emerging markets.”

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