Curacao got stricter. Here is exactly where three casinos went instead.

By RAW Casino Reviews · Published 2026-08-24 · Every figure below was read live from the regulator named next to it, not from a casino review site

On 24 December 2024, Curacao abolished the licensing system that had let a handful of private companies resell "sub-licences" to online casinos for years. Direct licensing by the Curacao Gaming Authority replaced it. In the eighteen months since, three of the eight Curacao-flagged operators we track have changed jurisdiction, ownership, or both, and the regulator absorbing that traffic, the Anjouan Gaming Authority, has a public register we could simply read: 1,491 licences issued, 2 ever revoked, 0 currently suspended. We checked all of it against the regulators themselves, not against what the casinos say about themselves.

What actually changed on 24 December 2024

Before the reform, Curacao ran licensing through four private master licensors, Antillephone, Curacao eGaming, Gaming Curacao and Cyber Rock Entertainment, each of which sold sub-licences to individual operators. An operator's footer badge, "licensed under Curacao eGaming #1668/JAZ", named a company with no ongoing role in checking anything. The National Ordinance on Games of Chance, in force since 24 December 2024, abolished that structure entirely. Every operator now needs a licence issued directly by the Curacao Gaming Authority, and the CGA is not a new body stood up for the occasion: it is the renamed Gaming Control Board, which had already licensed online gaming on the government's behalf since March 2020. Both facts are stated on the Authority's own site, not inferred from industry commentary.

Three operators, three different outcomes

We track eight operators whose published terms name a Curacao licence. Reading each one against the regulator that issued it, rather than against what the operator's own marketing says, found three genuine changes.

BC.Game is the clearest case. The Curacao Joint Court declared its then-operator, Small House B.V., bankrupt on 12 November 2024 over more than $2 million in unpaid player winnings. BC.Game disputed the ruling and, on 5 December 2024, announced it was withdrawing its own Curacao licence rather than contest it further. The bankruptcy ruling, the $2M+ unpaid-winnings finding and the Curaçao licence withdrawal are multi-source verified (court reporting, 2026-07-10), that is the payout story here, whatever the current corporate entity claims. UPDATE 2026-07-20: casino.guru now shows the operator restructured to Twocent Technology Limited (Belize) under Anjouan licence ALSI-202410011-FI1 ("Verified"), and the Curaçao authority quietly removed Small House B.V. from its revoked-licence list (Sept 2025); no court reversal of the Nov-2024 bankruptcy was found. Operational figures (mins/networks/fees) remain aggregator-sourced; the €10k/mo unverified-account cap traces to ToS §8.6. Treat any large balance at BC.Game as at-risk until withdrawn. The operator that now runs bc.game, Twocent Technology Limited, holds an Anjouan licence we confirmed directly on the Anjouan Gaming Authority's public register: status Valid, covering bc.game itself plus seventeen mirror domains.

Metaspins is the newest move we found: its Anjouan licence was issued 30 June 2026, inside the two months before this was written, under a company, 3-102-959384 SRL, that does not match the Metaspins N.V. name the operator published before. Wild.io took a third path entirely. Rather than replace its Curacao licence, it added an Anjouan one alongside it, and the entity behind both is now named Stack Gaming Ltd rather than the Nonce Gaming B.V. previously on record.

One correction our own check produced: a fourth operator, Jackbit, had Anjouan listed alongside Curacao in our own data. The Curacao Gaming Authority's certificate portal confirms Jackbit.com, under Ryker B.V., holds a direct Curacao licence, licence number OGL/2024/1800/1049, granted 14 August 2024, status Active, and nothing else. The Anjouan tag traced to a different brand in the same operator's wider network, not to Jackbit itself. We removed it rather than publish a fact we could not stand behind.

The regulator taking the traffic

The Anjouan Gaming Authority publishes a public register at anjouangaming.com, searchable by company, licence number or domain. Reading it directly, rather than trusting a casino's own claim, is what let us confirm BC.Game and Metaspins above. It currently lists 1,491 active licences. Since the register began tracking revocations, exactly two licences have ever been permanently revoked: Knifex Ltd, terminated 9 June 2026 for fraud, and Amor 25 Limited, terminated 10 July 2026 for illegal sublicensing. Zero licences are currently suspended. The fee to obtain one, published on the Authority's own fee schedule, is 17,828 euro, due again every year to renew, plus 500 euro for each additional domain added to an existing licence.

One structural fact is worth stating plainly rather than glossing over. The Authority's own About page states that "licence administration is conducted by Anjouan Licensing Services Inc. as the designated administrator", a named private company handling the paperwork on the government's behalf. That is close to the exact model Curacao's own 2024 reform was built to move away from. We are not asserting that arrangement is improper; the Authority discloses it on its own site. We are stating what it is, so a reader can weigh it themselves.

Malta is the comparison worth making, because its regulator makes the comparison possible. The Malta Gaming Authority publishes its enforcement register the same way, by company and date: Goldwin Ltd, licence cancelled 13 March 2025 after an earlier suspension; Dimsacon Limited, revoked 21 May 2025. Neither register is more or less real for having more or fewer entries. The difference that matters is that both publish dated, named cases at all, which is the fact a reader can actually check, rather than a marketing claim about how seriously either takes enforcement.

What this means if you are choosing where to deposit

A licence badge on a casino's footer answers one question: who is this operator supposed to answer to. It does not tell you whether that authority has ever done anything, and it does not tell you whether the badge is even current. Two of the three operators in this piece were carrying a licence claim, in our own data, that was accurate the day we first recorded it and stale by the time we checked again. The only way to know which is true today is to read the regulator's own register, not the casino's own page, on the day you are asking. That is a tedious thing to ask a player to do before making a deposit, and it is exactly the tedium this site exists to absorb instead.

Sources

Curacao Gaming Authority, cga.cw/regulation/online-gaming (read 2026-08-24). Curacao Gaming Authority certificate portal, cert.cga.cw (read 2026-08-24). Anjouan Gaming Authority, anjouangaming.com/license-register, anjouangaming.com/enforcement/revoked-licences, anjouangaming.com/enforcement/suspended-licences, anjouangaming.com/licensing/fees, anjouangaming.com/about-the-authority (all read 2026-08-24). Malta Gaming Authority, mga.org.mt/licensee-hub/enforcement-register (read 2026-08-24). BC.Game bankruptcy and licence withdrawal: igamingbusiness.com, gamingintelligence.com, curacaochronicle.com (per Raw's own payout record, read 2026-07-29 and 2026-08-19). Betmode operator terms, betmode.io/doc/general-terms-and-conditions (read 2026-08-19).