Online casino platform BC.Game has received a new gaming license from Curacao’s new National Ordinance for Games of Chance (LOK) regulatory framework.
“We are immensely grateful for Curacao’s robust regulatory framework, which has been pivotal in the gambling industry. Obtaining this license is a vital milestone in BC.GAME’s ongoing development and our commitment to providing a trustworthy and secure gambling experience,” Jack Dorsey, the CEO of BC.GAME, said.
The introduction of the LOK legislation, designed to replace the previous National Ordinance on Offshore Games of Hazard (NOOGH) framework, has set a new precedent in the gambling license domain.
Under the NOOGH regime, BC.GAME operated under a sub-license issued by Curacao Interactive Licensing NV (CIL). The new LOK framework, however, brings about significant changes, including the discontinuation of new sub-license issuance and stringent requirements for existing licensees seeking renewal.
BC.GAME has set up a local office in Curacao to ensure compliance with regulations and to offer support to fulfill the requirements of the local gaming ecosystem, the company noted in a press statement.
Acquisition of the license, specifically designed for LOK services, coincides with BC.GAME’s efforts to enhance user trust, forge new partnerships, and broaden the accessibility of its gaming services, the company said.
Through this new license, BC.Game has seven years of experience in the online gaming sector.
“Curacao is an essential first step in our broader global strategy. As we continue to accelerate our expansion, expect more exciting developments and good news in the near future,” Dorsey said.
Original article: https://www.yogonet.com/international/noticias/2024/04/23/71849-bcgame-acquires-curacao-license-under-new-lok-framework-to-strengthen-regulatory-compliance
