The Curaçao Gaming Authority (CGA) published updated wind-down instructions for operators under the LOK licensing framework. The new guidelines outline exit procedures for both B2C and B2B licensees across four specified scenarios.
Exit Scenarios and Timelines
The regulations address voluntary surrender, license revocation due to compliance breaches, rejected renewal applications, and the closure of individual operating domains while the main license remains active. A rejected renewal allows operators a six-week transition period. All other exit scenarios take effect immediately, imposing restrictions before the submission of a required wind-down report.Operational and Financial Requirements
Under the immediate restrictions, affected companies must halt new commercial activities, stop onboarding players, and cease servicing existing contracts. The CGA clarifies that a wind-down process does not equate to legal liquidation. Financial obligations to players remain in force after the license expires, previously paid fees are non-refundable, and any unpaid debts to the regulator or the government must be settled regardless of the exit route. Operators choosing voluntary surrender retain control over the exit timeline and procedural steps, whereas a regulator-initiated termination removes that flexibility.The new framework replaces earlier exit guidelines for the LOK system.