New Curaçao academy will help parties navigate the island’s regulatory changes.
iGaming Academy, the award-winning provider of training for online gambling and land-based companies, has announced the development of its Curaçao academy, in partnership with a local training institute.
Curaçao is in the midst of significant changes relating to its gambling regulations. These changes, aimed at modernising the gambling industry have been generating plenty of interest and last month the island held its very first industry gaming event, SiGMA Curaçao.
Curaçao has long been a hub for online gambling operators, offering licences to various international casino and sportsbook platforms. The island’s system has drawn businesses seeking a favourable regulatory environment. However, as the industry continues to evolve, the need to update the regulations became clear and the market has now entered a “transition” phase, with applications for licences being accepted from 15 November.
Under the leadership of Javier Silvania, minister of finance, the government of Curaçao has introduced new regulations to align with international best practices and strengthen the island’s reputation as a responsible gambling jurisdiction.
At the island’s inaugural gaming event, Silvania said: “We now have the chance to boost employment, enhance our education system, rejuvenate business districts and upskill our citizens, ensuring that our community doesn’t just grow, but thrives.”
As a fundamental part of the new legislative landscape over time there will be a requirement of local substance by way of employees of significance. Given this range of new and unprecedented employment opportunities, the iGaming Academy masterclass held during the event was jam-packed. Delivered by its head of compliance, Yuliya Khrenova, the masterclass covered elements such as online casino management, CRM, marketing and igaming compliance, including AML and player protection. The masterclass drew an audience of over 100, with around 70% being from Curaçao itself.
Commenting on the masterclass, Silvania said: “We are delighted to witness the remarkable success of the iGaming Academy masterclass, which serves as a testament to the growing interest and enthusiasm of our local population in developing skills and pursuing future job opportunities in the dynamic world of igaming. Moreover I extend my warmest gratitude to the iGaming Academy for their proactive support and substantial investment in helping us navigate and implement new regulations, ensuring a prosperous and regulated future for this exciting sector.”
Following the interest in this initial masterclass, iGaming Academy, in partnership with a local training institute, is developing a range of Curaçao-specific courses, covering a diverse topic list. Developed in line with the guidance specified in the National Ordinance for Games of Chance (LOK), the training will be aimed at both persons in “key positions” and local people who are looking at up-skilling and pursing a new and exciting career path.
This marks a significant step forward in Curaçao’s effort to ensure that its gambling industry operates with the highest standards of integrity and responsibility.