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Posts Tagged ‘Curacao’

Curacao a Much-Coveted Gaming Location

Friday, October 29th, 2010

If you have heard of the Dutch Caribbean island of Curacao most likely it was in reference to oneof two things: its overwhelming beauty as a Caribbean get a way, or as a gambling center for gaming companies. Those two don’t necessarily go hand in hand, but Curacao is making it work. The small island is one of the most beautiful locations to visit. Their tourism market is on a high because of the beauty and natural appeal it has. Much of the market is built on tourism, so resorts and hotels put millions of dollars into building up their businesses for tourist attractions. The other part of their market though is their online casino operator appeal. Curacao is one of the first jurisdictions to regulate online gaming for real money. It all began back in 1993 when the island officials decided to take a chance at regulated gambling. It was a huge task and many thought the small island had no business delving into the gambling business, thinking it was more of a “big country” pursuit. In the years since, Curacao has proven all naysayers wrong.

When gambling companies are looking to set up shop, one of the first places they consider is Curacao. The island offers some of the most reasoanble fees in the world. No longer do gaming companies have to submit to enourmouse taxation or licensing committments that larger countries insist on. With islands like Curacau around, they can bypass the huge-pay countries and settle quite nicely into small ones. The best thing about setting up shop in Curacau is that the country has been at it for years now and worked out all the pre-start up bugs, so to speak. It knows what the laws should be, knows how to enforce them and has a highly affordable setup structure to top it all off. No one can beat small countries when it comes to reasonably priced regulation. Curacau is a leader when it comes to the art of licensing gambling casinos and is showing no signs of slowing down. Many gambling companies are looking to start up on the small island or to transfer their busineses to it. As large countries elevate their fees, Curacau continues to squash all the competition.

Small Countries Gaining New Leverage

Friday, October 29th, 2010

The powers of various countries around the globe are changing. There was a time when small countries had no significant say in the markets surrounding them. Instead it was the big players that were deemed the most influential and people looked to them for trends and leadership in business. Things are changing now and smaller countries are gaining a foothold of respect in the nations. Consider the small islands of St. Maarten and Curacao. Both are tiny and in terms of business prowess are considered low on the totem pole of power. They have been altering that vision though as of late. Both islands have been issuing licensing to online gambling companies for the past few years. And the numbers of licenses they are handing out are getting more numerous. This change is pushing the small areas to economic prominence in the market of gambling. It is a sign of how important gambling is becoming to the world and how it is changing the face of the business world altogether.

As time moves on, the market is going to see further changes with small countries. Though some are significantly smaller than others and have no viable assets, gambling is giving them a new power. Countries like Curacao and St. Maarten, along with Gibraltar and Macau are no longer small players in the economic market, though they still lack in mileage. The countries are bringing in huge dollars thanks to their taxation rules and making a splash in the market that no one thought they would ever be able to make. It is a sign of how not only lucrative gambling can be, but how it can alter the power dynamic of an entire country. Larger countries have tried to open the doors for online companies to find licensing, but overall their taxation rules and fee schedules are too hefty. They can’t compete with the laws of Gibraltar, St. Maarten or Curacao. All three are holding their own effectively by offering services to online companies that are both effective and cost efficient. And in today’s world market, cost efficient is all a gambling company– or any company for that matter– can hope for.