Curaçao is a Lesser Antilles island country in the southern Caribbean Sea and the Dutch Caribbean region, about 65 km (40 mi) north of the Venezuelan coast. It is a constituent country of the Kingdom of the Netherlands. Curaçao was formerly called ‘Curaçao and Dependencies’ (1815–1954). Before the dissolution of the Netherlands Antilles on 10 October 2010, Curaçao was administered as the "Island Territory of Curaçao" (Dutch: Eilandgebied Curaçao, Papiamento: Teritorio Insular di Kòrsou), one of five island territories of the former Netherlands Antilles. Now it’s called the Country of Curaçao (Dutch: Land Curaçao; Papiamentu: Pais Kòrsou) and it includes the main island of Curaçao and the uninhabited island of Klein Curaçao ("Little Curaçao"). Our capital is Willemstad. Curaçao has a population north of 160,000 in an area of approximately 444 km2 (171 square miles). Curaçao has an open economy, with tourism, international trade, shipping services, oil refining, storage (oil and bunkering) and international financial services being the most important sectors.
In Curaçao we have 3 official languages, Dutch, English, and the native Papiamentu, but more languages as Spanish and Portuguese may also be in the repertoire.
To know more about our beautiful island, please follow the link to the official website of Curaçao.
The Curaçao Gaming Control Board
The Curaçao Gaming Control Board (GCB) is a foundation incorporated on April 19, 1999, for the specific purpose of becoming the regulator for the whole gaming industry operating in and from Curaçao. The GCB was the direct result of the second Mutual Evaluation Report of the Caribbean Financial Action Task Force in 1998.
Before October 10, 2010, Curaçao was part of the Netherlands Antilles, a conglomerate of five Caribbean Islands (Curaçao, Bonaire, Sint Maarten, Sint Eustatius, and Saba) that collectively formed an autonomous country within the Dutch Kingdom. The government was a two-tier system, the federal government and the island government. Gaming legislation was drawn up at the federal level and every island was individually responsible for drawing up lower level legislation aimed at the execution of the federal legislation. At the island level the foundation was the legal form with the most independence from government.
On October 10, 2010, popularly called 10-10-10, the Netherlands Antilles was dissolved, doing away with the two-tier governmental system. The island of Curaçao continued as an autonomous country within the Dutch Kingdom.
The Minister of Finance carries the responsibility for the Curaçao Gaming Control Board towards Parliament. The Curaçao Gaming Control Board is independent in the disbursement of its supervisory and regulatory responsibilities.
On October 12, 2009, the National Ordinance Corporate Governance was signed into law. The Code Corporate Governance that implements the National Ordinance is applicable to government companies and foundations in Curaçao. The objective of the National Ordinance and the Code is to establish rules and procedures for the sale and purchase of shares, dividend policy and the appointment and dismissal of members of the Supervisory Board and Board of Directors, aimed ultimately at the realization of administrative integrity and transparency.
Under the Code Corporate Governance the Supervisory Board-model (Raad van Commissarissen-model) is applicable to the Curaçao Gaming Control Board.
The Supervisory Board (Raad van Commissarissen) consists of an uneven number of natural persons, nominated by the Minister of Finance in accordance with a predetermined profile. The Minister of Finance appoints the President of the Supervisory Board.
The Supervisory Board has the following statutory responsibilities:
- Advising the Board of Directors,
- Supervising the Board of Directors, and
- Special tasks e.g. the appointment and dismissal of the members of the Board of Directors and approval of far-reaching decisions of the Board of Directors
The Supervisory Board consists of the following members:
|Name||Position||Designation||Start of tenure||End of tenure|
|Mrs. Suleika Lasten||President||Financial||April 24, 2019||April 24, 2023|
|Mrs. Clarelli Hato-Willems||Member||Legal||2017||2021|
|Mr. Jamir Barton||Member||Business Economics||April 17, 2019||April 17, 2023|
|Mr. Charlton Donker||Member||AML/CFT||April 17, 2019||April 17, 2023|
The Board of Directors (Raad van Bestuur) is chaired by the Director General, Mr. Gino Campbell, CPA, CGMA, CAMS. The Board of Directors has independent administrative authority. All powers are granted to her, with the exception of the statutory powers assigned to the Supervisory Board.