WILLEMSTAD – Pietersz, the director of the Gaming Control Board (GCB), has stated that his organization lacks the expertise to manage the gambling license processes internally. The work is outsourced to foreign companies that adhere to strict confidentiality agreements. According to Luigi Faneyte, this revelation confirms suspicions that the real control over Curaçao’s licensing system lies with foreign investors. 

Furthermore, Faneyte points out that forty percent of the income from licenses is received via unregulated cryptocurrency channels. The remaining revenue is managed through a Czech bank account, over which the GCB has no direct control. This situation contrasts with previous assurances that all funds would be processed through government accounts. The financial opacity raises serious questions about accountability and transparency within the licensing system. 

Call for Reform 

The findings paint a concerning picture of external influences on Curaçao’s gaming sector. External actors from Malta, including Galea and Fiorini, appear to have significant control over the licensing operations, undermining the island’s autonomy. 

Luigi Faneyte, journalist and researcher, emphasizes the urgent need for reform in his report. “Curaçao’s regulatory system must work in the interest of the people, not foreign parties. Only through structural reforms can trust and sovereignty be restored,” said Faneyte. 

Response 

The Gaming Control Board has accused Luigi Faneyte of biased reporting and spreading unfounded allegations. According to the GCB, Faneyte’s conclusions are based on selective interpretations of data and confidential information that has not been verified. In a statement, the GCB emphasized that transparency is a core value and that their current policy is focused on reforms and improvements. 

Faneyte firmly rejects this criticism. “My research is based on documented facts and testimonies. If the GCB truly values transparency, why do essential questions about their licensing policy and financial practices remain unanswered?” He urges the GCB to provide full disclosure and take concrete steps to address the current issues. “The people of Curaçao deserve a fair and effective regulatory system that serves the public interest,” Faneyte concluded.