Curacao Gaming Control Board Appoints Cedric Piertersz as Managing Director
LISTEN TO THIS ARTICLE:The Curacao Gaming Control Board (GCB) Supervisory Board has announced the appointment of Cedric Pietersz as the new managing director, effective from 1 February 2024.
In this role, Pietersz is tasked with overseeing all licensing activities as mandated by the National Ordinance on Offshore Games of Hazard (NOOGH) and managing the transition towards the National Ordinance for Games of Chance (LOK), marking a significant shift in the regulatory landscape of Curacaos gaming sector.
Over the last two decades, Pieterszs has built extensive experience holding various positions at the Centrale Bank van Curacao en Sint Maarten. His background features a diverse mix of supervisory and managerial roles, with a specific focus on operational efficiency, anti-money laundering, and regulatory compliance.
I am honored to join the Gaming Control Board at such a dynamic time. I am confident that together with the team and the Supervisory Board, we will strategically steer the GCB into a new era while delivering value to all stakeholders, including the minister of finance.
A Transformative Era for GCB
The appointment of Pietersz is seen as central to the development of the GCB and the broader gaming industry in Curacao.
Fons Simon, the chairman of the GCB Supervisory Board, explained that the GCB is at a “pivotal juncture” and as such, the appointment of Piertersz “marks the start of a transformative era”.
Simon went on to praise Piertersz for his “unique blend of strategic foresight, regulatory prudence, and operational excellence.”
GCB Clarifies Misunderstandings over LOK
Parallel to the announcement of the new managing director, the GCB addressed recent misunderstandings surrounding the LOK and explained that it has not been rejected by the Curacaos parliament.
The draft of the LOK, like other legislative proposals in Curacao, underwent scrutiny by the Council of Advice before being sent to parliament. The online publication of the Council's feedback on 3 January 2024, initially provided to the Ministry of Finance in June 2023, contained language that was misinterpreted, fueling the spread of incorrect information. Javier Silvania, Curacaos minister of finance, firmly denounced these inaccuracies, labeling them as “misinformation.”
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