What is the deference between B2B VS B2C licenses?
Curacao is a well-known jurisdiction that grants online gaming licenses to operators. Curacao eGaming Authority is the regulatory body in charge of issuing the licenses. Curacao eGaming licenses are going to be divided into two types:
- Curacao gaming license B2B
- Curacao gaming license B2C
Companies that provide gaming services to other companies are granted B2B licenses, whereas companies that provide gaming services to players are granted B2C licenses. The primary goal of this research is to investigate the differences between the Curacao gaming license B2B and B2C, as well as their features, requirements, and benefits to licensees.
The benefits of Curacao B2B and B2C gaming licenses
B2B Curacao Gaming License:
A Curacao gaming license B2B is issued to companies that provide gaming services to other companies. These services may include software development, game hosting, and other related services. The licensee may provide gaming services to other businesses without obtaining a separate license. The following are the primary requirements for obtaining a B2B license:
- The business must be registered in Curacao or have a representative office there.
- The company must have a well-defined business plan as well as financial projections.
- The business must have a valid operating agreement with its customers.
- The organization must have a strong anti-money laundering and responsible gaming policy in place.
- The organization must have a secure and dependable IT infrastructure.
The following are the primary advantages of a Curacao gaming license B2B:
- Tax rates are low in comparison to other jurisdictions.
- Application procedure that is both quick and efficient
- There is no requirement for physical presence in Curacao.
- Access to a variety of payment options
- Low operating expenses
B2C Curacao Gaming License:
Companies that provide gaming services directly to players are granted a Curacao gaming license B2C. The licensee is permitted to offer a variety of games, including casino games, sports betting, and lottery games.
The following are the primary requirements for obtaining a B2C license:
- The business must be registered in Curacao or have a representative office there.
- The company must have a well-defined business plan as well as financial projections.
- The business must have a valid operating agreement with its customers.
- The organization must have a strong anti-money laundering and responsible gaming policy in place.
- The organization must have a secure and dependable IT infrastructure.
- Curacao must have a physical presence for the company.
The following are the primary advantages of a Curacao gaming license B2C:
- Tax rates are low in comparison to other jurisdictions.
- Application procedure that is both quick and efficient.
- Access to a variety of payment options.
- There are no restrictions on the types of games that can be provided.
- There is no need for a local partnership or sponsorship.
Curacao Gaming License B2B and B2C Comparison:
The target market is the primary distinction between the two types of licenses. B2B licenses are intended for businesses that provide gaming services to other businesses, whereas B2C licenses are intended for businesses that provide gaming services directly to players. B2B licenses do not require a physical presence in Curacao, whereas B2C licenses do. Both licenses necessitate a strong anti-money laundering and responsible gaming policy, as well as a safe IT infrastructure. Both licenses provide low tax rates and access to a variety of payment options.
New updates on Curacao gaming license new regulation by the the Curacao Gaming Authority in summer 2023
Curacao is implementing a new regulation to overhaul the entire licensing system for the island’s gaming industry, set to be launched in the summer of 2023. This will see the creation of an independent regulatory body, the Curacao Gaming Authority, replacing the Curacao Gaming Control Board. The new authority will issue independent B2C and B2B licenses, with already licensed companies under the previous regime having a chance to express interest in a new permission. There will be an 18-month transition period. The consequences of operating without a gambling license are serious, with unlicensed casinos developing a bad reputation among players.
New Curacao gaming license costs
To obtain the new Curacao gambling license, companies will have to pay around 5,000USD application fee and a yearly license fee of 15,000 USD. They will also need to appoint key employees to oversee anti-money laundering activities and responsible gambling policies.
GBO will continue to lead the Curacao gaming licensing and offer a full package for complete gaming operations under the new regulation, including licensing, company formation, bank accounts, merchant accounts, and assistance with online casino white label.
The Curacao Gaming Authority is the regulator for the Curacao land-based and online casino industry, as well as the licensing authority for all lotteries, charity bingo and the licensing authority and supervisor for online gaming. They are also the supervisor for the Curacao gaming industry for compliance with legislation and regulation regarding anti-money laundering and countering the financing of terrorism (AML/CFT). The Curacao Gaming Authority partners with the Central Bank of Curacao and Sint Maarten (CBCS) and the Financial Intelligence Unit (FIU) Curacao as fellow AML/CFT supervisors.
The Curacao Gaming Authority regulates the land-based casino industry and is charged with granting, amending, revoking, and suspending licenses related to the lottery industry, as well as those for the charitable bingo and online gambling. Since February 2019, the board is responsible for the AML/CFT supervision for the entire gaming industry operating on and from Curacao. In March 2020, the board was charged with the licensing for and supervision of the Curacao online gaming sector on behalf of the Minister of Finance. The government is modernizing its gambling legislation to bring it in line with international standards and adopt a responsible gaming policy for all licensed gaming activities in the jurisdiction. The Gaming Control Board will be converted into a new independent licensing and supervisory authority for all games of chance under this new law
