The Gaming Control Board (GCB) of Curaçao has recently welcomed Mr. Cedric Pietersz as its new Managing Director (MD), marking a significant milestone in the jurisdiction’s gaming landscape. With a wealth of experience garnered during his 20-year tenure at the Centrale Bank van Curaçao en Sint Maarten (CBCS), Pietersz is poised to lead the GCB through a transformative era following the enactment of the LOK (Legislation on Gambling).
Background and Expertise:
Cedric Pietersz brings a robust background from his two-decade-long service at CBCS, where he held diverse roles, including membership in the management team and responsibilities in supervision. This extensive experience positions him as a valuable asset to the GCB, particularly in the realms of operational efficiency, anti-money laundering (AML) measures, and regulatory compliance.
Strategic Vision for GCB:
As the newly appointed MD, Pietersz will play a pivotal role in overseeing current licensing activities in accordance with existing legislation while spearheading the transformation process mandated by the LOK. His strategic foresight is expected to guide the GCB into a new era, aligning with jurisdictional changes and delivering value to stakeholders, including the Minister of Finance.
Operational Efficiency and Compliance:
With a proven record of exceptional service in the financial sector, Pietersz aims to enhance operational efficiency within the GCB. His expertise is set to fortify anti-money laundering measures and ensure regulatory compliance, critical aspects as Curaçao undergoes significant jurisdictional changes in its gaming landscape.
Supervisory Board’s Perspective:
Fons Simon, Chairman of the GCB Supervisory Board, expressed optimism about Pietersz’s appointment, highlighting it as the commencement of a transformative era for the board. Simon emphasized Pietersz’s unique blend of strategic foresight, regulatory prudence, and operational excellence, underscoring the significance of his role in steering the GCB through the evolving regulatory landscape.
Industry Developments:
This announcement coincides with the news of Continent 8 Technologies’ forthcoming data centre site in Curaçao. This move aligns seamlessly with the initiatives set out by the Curaçao Gaming Control Board to revise licensing procedures for operators on the island, indicating a broader industry shift towards technological advancements and enhanced regulatory frameworks.
Collaboration and Stakeholder Value:
Pietersz, in his statement, expressed honor in joining the GCB during such a dynamic time. He conveyed confidence in collaboration with the team and the Supervisory Board to strategically navigate the GCB through a new era while ensuring value delivery to all stakeholders. This collaborative approach underlines the commitment to fostering positive relationships within the gaming industry.
Cedric Pietersz’s appointment as the Managing Director of the Curaçao Gaming Control Board signifies a crucial juncture in the jurisdiction’s gaming landscape. With his extensive financial sector experience and strategic vision, Pietersz is poised to lead the GCB through a transformative era, enhancing operational efficiency, anti-money laundering measures, and regulatory compliance. This appointment aligns with broader industry developments, including the establishment of a data center by Continent 8 Technologies, indicative of a progressive shift in Curaçao’s gaming regulatory framework. The collaborative approach emphasized by Pietersz reflects a commitment to delivering value to all stakeholders as the gaming industry undergoes dynamic changes.