Having a gaming license is an important issue to ask about before looking at a gaming license in Curacao. First and foremost, it provides peace of mind for operators, who can continue to operate their businesses without fear of legal ramifications. Illegal gambling establishments, especially those registered in states that have legalized the activity, can face stiff penalties if caught. Representatives of the operators can be sentenced to prison. If a casino does not comply with the laws of the jurisdiction in which it is located, it may be closed by the authorities. Because most financial institutions require a license to create an account with them, the operation is simpler than with traditional banks. Additionally, Curacao recently placed higher requirements for online gambling licenses. This is to ensure the authenticity of the gambling license and is not issued to suspicious online casinos.

There are a number of benefits to having a gaming license, including providing prestige and enhancing the image of the casino. It also adds to the iGaming ecosystem, fighting stigma and helping grow honest gaming businesses. When it comes to software and payment service providers, licensed online casino operators will have an advantage over their competitors; they won't work with people who don't.

Operators attempting to establish an online casino company without a legal license face many complex and important issues. Because licenses and taxes can be very expensive, some business owners choose to operate without a license to save money. This may save you some money in the short term, but in the long run the consequences will be much more costly than any fees or taxes saved. Overall, even though online casino licenses may be expensive at the outset, the long-term financial consequences of penalties and jail time far outweigh them.