The 11Croco license, also known as a Curacao eGaming License or an eGaming Master License, is a type of online gaming license issued by the Government of Curaçao in the Netherlands Antilles. This license is obtained by online casinos that wish to operate on a global scale and provide players with access to their games from any part of the world.
History and Background
The Curacao government has been issuing licenses for online gambling since 1996, when it passed laws permitting e-gaming operations in the 11croco-casino.org country. Today, Curaçao is one of the largest jurisdictions that issue online gaming licenses, hosting over 200 licensed operators from around the globe.
In order to be granted an 11Croco license, a company must meet specific requirements set forth by the government, which include having a valid business plan, sufficient capitalization, and demonstrating financial stability. Additionally, the applicant must also obtain a Master License from the Curacao Gaming Authority (CGA), which is responsible for regulating online gaming operations on behalf of the government.
Obtaining an 11Croco License
In order to apply for an 11Croco license, companies typically go through a lengthy and complex process that involves several steps. Firstly, applicants must register their business with the Curacao Commercial Registry, after which they can submit their application for a Master License. Once the CGA reviews and approves the applicant’s application, they are granted a sub-license to operate under an existing licensed operator.
The actual cost of obtaining an 11Croco license varies depending on several factors such as company size, jurisdiction, and type of games offered. However, on average, companies can expect to pay around $50,000 for a basic Master License fee plus other administrative fees that range from $1,500 to $20,000.
Types and Variations
There are two main types of licenses available under the 11Croco scheme:
- Curacao eGaming License (11Croco) : This is a sub-license issued to companies operating under an existing Master Licensed operator.
- e-Gaming Master License : This license authorizes applicants to operate as an independent licensed gaming operation.
Within these categories, there are various classes of licenses that cater to different types and sizes of operators:
* Class A: Full-service casino with a wide range of games * Class B: Casino offering specific groups (e.g. sportsbooks, poker rooms) * Class C: Lottery operations or specific types of gaming activities