Thursday, 20 June 2013
A few years ago, the only spot in the Netherland Antilles that was allowed to regulate and license online gambling was the island of Curacao. In 2002, this power was decentralized, and today, the Governor Netherlands Antilles Mapof the Netherlands Antilles holds the power to award internet gambling licenses to worthy applicants under the National Ordinance Offshore Games of Hazard.
The licensing procedure in the Netherlands Antilles is strict and rather complicated. After a company has submitted an application for a license, the local Department of Justice is required to conduct a six-week investigation into the company's background and business practices. During this time, gaming software is also tested for randomness. If the applicant passes, a provisional license is issued, and several regulatory rules are imposed on the company's operations, including an audit period during which all wagers and payouts are carefully scrutinized for accuracy and fairness.
While the licensing regulations used by the Netherlands Antilles are not the most stringent in the business, they do a decent job of ensuring their licensees run safe and reliable online gambling sites. There are several extremely reputable sites licensed there, and the region has one of the longest track records in the world for dealing with online gambling licenses.
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