Horse Racing

Horse Racing

Horse Racing

Ipsum lorum texti

Licenses

List Active, Suspended and Revoked gaming licenses, as well as Manufacturer and Product licenses.

 

License Application Form

 

Legislation and Regulation

 

Legislation

List downloadable legislation (pdf)

 

Regulation

List downloadable regulation (pdf)

 

MICS

Not yet available

 

Technical Standards

Not yet available

 

License fees

 

License fee and tax regimes

 

Online Aangifte

Not yet available

FAQ Horse Racing

A lottery of goods is a lottery:

Exclusively for the purpose of:

• a charitable objective or
• for the promotion of culture, the sciences, the arts or other general interests, and
• of which the prizes do not consist of money or monetary paper.

1.    Only after presentation of the required guarantees with regard to the prizes and compliance with the license requirements and the receipt of the license fee due, will it be possible for the drawing to take place.
2.    The license holder must publicly announce the date, time and place of the drawing at least 8 days in advance.
3.    The drawing is a public event.
4.    The drawing takes place in the manner stipulated in the license.
5.    The civil servant tasked with the drawing, draws up an official report of the numbers drawn and the corresponding prizes.
6.    The license holder must publicly announce the results of the drawing within 24 hours.

The drawing takes place in attendance of the Minister of Justice or a civil servant appointed by him.

The Minister of Justice determines the means by which and the way in which a drawing takes place.

Yes. Lottery tickets may not be sold to people younger than 18 years old. Should the winner proof to be a minor, the prize will not be issued to that person. It is also prohibited to use minors for selling lottery tickets.

Together with the license application, the applicant should submit a draft print of the lottery tickets, which should, at a minimum, comply with the following:

• continuous numbering;
• space for the license number, the text obligated by the Curaçao Gaming Control Board and the date of the license;
• the name of the license holder;
• the drawing date;
• the prizes;
• a notification that the prizes, unclaimed after six (6) months of the drawing, will be cancelled to the benefit of the license holder.

A lottery ticket that lacks above information, belongs to an illegal lottery.

The license applicant must pay a license fee of 10% of the gross revenue of all tickets to the Government of Curaçao. Example: a lottery of goods with a gross revenue of NAf 100.000 yields license fees to the value of NAf 10.000 for Curaçao.

The license applicant must also submit 2 adhesive stamps (“plakzegels”)with the license application, one of NAf 10 for the application itself and one of NAf 20 for the license.

Yes, the following guarantees must be provided:

a guarantee for the issuance of the prizes: a guarantee to the satisfaction of the Curaçao Gaming Control Board, for example a bank guarantee with an expiration date of six months after the drawing to the value of the total prize package;

a guarantee for compliance with the lottery of goods license requirements: a deposit of 5% of the gross revenue of all tickets, with a minimum of NAf. 500. If the license holder is found to be non-compliant, this deposit will not be refunded.

In a lottery of goods the prizes may not consist of money or monetary paper, such as checks, debit cards, (prepaid) credit cards and savings accounts that allow withdrawals within one year of the drawing.

At least 40% of the total gross value of all lottery tickets has to be returned in prizes to the participants. Example: NAf 100.000 in lottery tickets = at least NAf 40.000 in prizes.

= Max. nr. of tickets. Example:    NAf 100.000    = Max. 10.000 tickets Ticket price        NAf 10   

This is dependent on the maximum gross revenue and the ticket price.

Yes. The law determines that the sale of lottery tickets will not exceed NAf 200.000.

Associations and foundations that have legal personality and with statutory objectives, that enable the organization of a lottery of goods under the law.

In a lottery of goods all prizes are issued. Unsold, lost or stolen tickets are excluded from the drawing. Lost ann stoles tickets must be reported to the police; an official police report thereof must be obtained. The unsold tickets and copies of the official police reports of the lost and/or stolen tickets, accompanied by a legible list of all these ticket numbers, must be submitted to the civil servant tasked with the drawing 24 hours prior to the drawing, at the latest. The civil servant authenticates this list and marks the tickets for destruction.