REGULATORY REFORM
improved banking relationships and greater confidence among commercial counterparties. Ultimately, Curaçao's future standing will depend less on the ambitions reflected in the LOK and more on its implementation. The legislation has provided the jurisdiction with the framework of a modern regulatory regime. Whether Curaçao succeeds in strengthening its position within the global gaming industry will depend on the consistency of supervision, the credibility of enforcement and the regulator's ability to demonstrate that the new system delivers meaningful outcomes in practice. Conclusion The LOK is far more than a licensing reform. It represents a modernized strategy to align
Curaçao with international standards required for the offering of these services in an increasingly scrutinized global gaming market. Direct licensing, enhanced supervision, economic substance requirements, supplier regulation and strengthened responsible gaming and player protection obligations collectively demonstrate a clear shift away from a model focused primarily on accessibility and towards one centered on accountability and regulatory oversight. For operators, suppliers and players alike, the practical effects of that transition will only become fully apparent over time. The legal foundations have now been laid. The question that remains is whether operators appreciate the necessity for a modern and international recognized licensing framework.
CINDY DROMMOND Legal Director, EM Group For information contact cindy.drommond @the-emgroup.com +5999 462 1010
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