WILLEMSTAD – The findings of the GAMRS investigation are likely to intensify scrutiny of Curaçao’s online gambling licensing regime, as licensed entities are accused of being part of a transnational illegal gambling network targeting foreign markets.
The report states that Santeda International B.V. and Ryker B.V. are both licensed in Curaçao, but operate within a wider multi-jurisdictional structure designed to obscure ownership, shift operations across borders, and evade enforcement actions in countries such as the United Kingdom .
According to GAMRS, Curaçao provides what it describes as a “primary offshore licensing layer,” offering flexibility in corporate structures and licensing arrangements, while operational functions such as software development, affiliate marketing, payment routing, and customer management are carried out elsewhere.
The investigation does not accuse Curaçao authorities of wrongdoing, but highlights how offshore licences can be used by international operators as part of complex global supply chains that challenge traditional regulatory enforcement.
The report is expected to be reviewed by international regulators and may add pressure on Curaçao to further strengthen its gambling oversight framework, particularly as the island has recently undertaken reforms to modernize its licensing system.