Browse iGaming Definitions that are commonly used in IP model v.3393.58.A.
“Account” : a location on a network server used to store a computer username, password, and other information.
“Administration” : a registration of day-to-day activities that are related to financial planning and record keeping within a company.
“ADR” : Alternate Dispute Resolution.
“Affiliate” : a Third Party that provides Affiliate Marketing Services on behalf of the Operator.
“Affiliate Marketing Services” : services provided by a Third Party that is not employed by the Operator and of which its rewards payable are dependent on the volume of newly generated End Users on behalf of the Operator.
“Affiliated” : connected with or controlled by a the same individual or entity that holds twenty percent or more of any rights to the Operator.
“Aggregator” : the the holder of a license as meant in article 1 of the National Ordinance of Curaçao dated 8 June 1993, P.B. 1993, no. 63.
“Agreement” : an IP agreement including its Annexes.
“AI" : the Aggregator.
“Alias” : an alternative name to a Domain that equally refers to the same data.
“Alternate Dispute Resolution” : any procedure for settling disputes without litigation.
“AML” : anti-money laundering, a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent, detect, and report money laundering activities.
“AML Compliance Register” : a register that for anti-money laundering purposes holds continuously updated key information on the Operator, its Key Individuals and its Ultimate Beneficial Owners.
“Audit” : a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern.
“B2B Agreement” : an agreement between the Operator and any Third Party, pertaining the offering of B2B Services.
“B2B Services : Business-to-Business Services.
“B2B Service License” : a license that entitles the holder of such license to B2B Services as offered by the Aggregator.
“B2C Reporting Officer” : an Officer that has been appointed to report on matters of B2C to the designated regulator.
“B2C Services” : Business-to-Consumer Services.
“Board” : the board of directors of the Operator.
“Bonus” : an additional incentive of value for the End User as part of a welcome package or specific promotion of a game or service.
“Business Day” : a day that banks in Curaçao shall in general be open for business.
“Business-to-Business Services” : services rendered between businesses.
“Business-to-Consumer Services” : services directly rendered to the End Users.
“Calendar Day” : all days in a month, including weekends and holidays.
“Certification” : the formal attestation or confirmation of certain characteristics of an object, person, or organization.
“CFD” : Contracts for Difference.
“Change of Control” : any change in entity ownership, occurring when any person or company, directly, indirectly, formally or informally obtains twenty percent or more of any rights to the Operator.
“Competent Authority” : any person or organization that has the legally delegated or invested authority, capacity, or power to perform a designated function.
“Complaint” : a notification in writing, directed to the Operator and filed by the End User, containing a statement that the Operator has acted against the End User in a manner that is not in accordance with the Standards of Good Industry Practice.
“Compliance” : the establishment of conformity with relevant laws, policies, and regulations.
“Compliance Notification” : a preformatted, urgent notification by the Aggregator to Third Parties regarding a change in the status of Compliance of the Operator.
“Content” : the Website.
“Contract for Difference” : a form of derivative trading that involves speculating on the rising or falling prices of fast-moving global financial markets (or instruments) such as shares, indices, commodities, currencies and treasuries.
“Concern” : a group of companies, predominantly under equal control of the same Key Individuals.
“Corporate Governance” : the system of rules, practices, and processes by which an entity is directed and controlled.
“Corporate Service Provider” : the entity that renders Corporate Services under agreement with the Principal.
“Credits” : the available balance the End User holds with the Operator that can be exchanged for cash or additional B2C Services.
“Crypto Currency” : a a digital asset that is designed to work as a medium of exchange that uses cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
“Curaçao Gaming Control Board” : the regulator for the Curaçao land-based casino industry, the licensing authority for all lotteries, charity bingo and charity bon ku ne and the supervisor for the Curaçao gaming industry for compliance with legislation and regulation regarding anti-money laundering and countering the financing of terrorism.
“Database” : a structured set of data concerning players and affiliates.
“Data Protection Reporting Officer” : the officer responsible for overseeing the Operator’s data protection strategy and its implementation to ensure compliance with privacy regulations.
“Defect” : any fault or problem that causes goods, objects or procedures not to work correctly.
“Disaster Recovery” : an area of security planning that aims to protect the Operator from the effects of significant negative events, which should allow the Operator to maintain or quickly resume mission-critical functions following a disaster.
“Domain” : a Network Domain.
“Dormancy Status” : a status certified by the Aggregator, during which the Operator does not render B2C Services.
“DPRO” : Data Protection Reporting Officer.
“DPR” : Data Protection Report.
“eIDAS” : electronic IDentification, Authentication and trust Services, EU Regulation 910/2014 of 23 July 2014 on electronic identification.
“End User” : a visitor of the Website that has agreed to the terms that apply for the use of the B2C Services offered by the Operator via its Website.
"End User Care" taking care of the wellbeing of End Users in relation to B2X Services offered.
“Entitlement” : a value to which an End User has a right.
“EU” : the European Union.
“EUR” : euro.
“Exclusion” : a legal prohibition from participation in games of chance that has been instituted on a non-voluntary basis against a particular End User.
“Executive Director” : a member of the board of directors of the Operator, tasked with the proper execution of B2C Services to End Users in accordance with the Standards of Good Industry Practice, over-all guaranteeing quality of services, such as, however not limited to rendering of the Operator's services to the marketplace by managing technical risks and opportunities, making key software designs, implementing key strategy decisions, tracking dependencies and managing change requests.
“Fee Schedule” : an overview of fees and disbursements.
“Fiduciary” : any person that holds business interests, such as however not limited to legal or financial or privacy interests on behalf of someone else.
“Fit and Proper” : a legal individual or entity that has: (a) obtained a sufficient level of collective knowledge and experience to perform certain actions; and (b) has not acted in a manner considered to be disgraceful, reckless, heinous or dishonorable by practitioners of good repute and competency.
“FIU” : the Financial Investigation Unit of Curaçao.
“Footer” : a structural element of the Website that is used to identify the end of the respective page, typically containing links information on licensing, policies and contact information.
“Funds” : a sum of money saved or made available for a particular purpose.
“Game” : a form of play or sport, according to rules and decided by skill, strength, or luck.
“Game of Chance” : a Game on a specific Session Date, whose outcome depends upon an element of chance and on which the influence of skill of the End User does not have a preponderant influence on the outcome, excluding wagering of money by one End User against another End User.
“Gaming Control Board” : the Curaçao Gaming Control Board.
“Gaming Industry” : a distinct group of enterprises that produce products and, or cater services necessary to offer B2C Services to End Users.
"Gaming Operation" : the venture of the Operator.
“Game Provider” : a Third Party that makes available Games to Operators as as B2B Service.
“Gaming Services” : the offering of online games of chance to End Users.
“Gaming Software” : the software that the Operator uses to offer Gaming Services to End Users on its Websites.
“Gaming System” : a group of technologies that is used as a base upon which Gaming Software is hosted and maintained.
“GCB” : the Curaçao Gaming Control Board.
“GDPR” : General Data Protection Regulation, EU 2016/679.
“General Terms and Conditions” : the terms and conditions that shall apply to all services rendered by the Aggregator.
“Geo-blocking” : technology that restricts access to Internet content based upon the user's geographical location.
“Good Industry Practice” : using standards, practices, methods and procedures and exercising that degree of skill and care, diligence, prudence and foresight, which would in each case reasonably and ordinarily be expected from a skilled and experienced person in the gaming industry under similar circumstances.
“Grant” : the right as granted by the Governor of Curaçao to develop the B2C Services as meant in article 1, section 1 of the Ordinance P.B. 1993, 63.
“Grantee” : the Operator.
“Grantor” : the Aggregator.
“Holding Company” : a company that holds a controlling ownership interest in its Subsidiaries or the assets that those Subsidiaries use.
“HTTP” : Hypertext Transfer Protocol.
“Hypertext Transfer Protocol” : an application protocol for distributed, collaborative, hypermedia information systems.
“Incident” : an event of any kind that is not part of normal operations and has the potential to disrupt operational processes.
“Information Provider” : the Operator.
“Infrastructure” : the basic physical and organizational structures and facilities needed for the Operation.
“Infringement” : the action of breaking the law, an agreement, and, or, rules or regulations.
“Intermediary” : a Third Party that offers intermediation services between a Party and another Third Party or other Third Parties.
“IP” : the Information Provider.
“IP Agreement” : an agreement between the Aggregator and Information Provider, that arranges for the Operation of Online Games of Chance under the Ordinance.
“IPRs” : the general term for the assignment of intellectual property rights through patents, copyrights and trademarks.
“Key Individuals” : natural individuals whose knowledge and experience are essential to an adequate performance of the Operator.
“Key Information” : any information that is essential for compliance with legislation, regulations and agreements with Third Parties.
“KYC” : Know Your Customer.
“Law” : a system of rules which has been recognized by a particular country or community.
“License” : the Grant.
“License Holder” : the Aggregator.
“Loss” : any value lost by an End User by participating in the Gaming Services.
“Material Breach” : a failure of performance under an agreement that is significant enough to sue for breach.
“Mediation” : an informal process in which a
neutral third party assists the opposing parties to reach a voluntary, negotiated resolution.
“MiFID II” : Markets in Financial Instruments Directive II, 2014/65/EU.
“MLR” : Money Laundering Report.
“MLRO” : the Money Laundry Reporting Officer.
“Money Laundering Reporting Officer” : an officer responsible for ensuring that, when appropriate, the information or other matter leading to knowledge or suspicion, or reasonable grounds for knowledge or suspicion of money laundering is properly disclosed to the relevant authority.
“Network Domain” : a named grouping of hosts and servers with managed login, access to resources, and permissions.
“NOIS” : National Ordinance Identification when Rendering Services.
“Non-Executive Director” : a member of the board of directors of the Operator, tasked with the administrative local Compliance requirements in Curaçao, such as however not limited to accounting and matters of taxation.
“Non-Personal Data” : data not qualified as reference in article 4, GDPR.
“NORUT” : National Ordinance Reporting Unusual Transactions.
“OECD” : Organization for Economic Cooperation and Development.
“OECD Corporate Governance Committee” : a committee instituted by the OECD and is composed of representatives from the OECD member countries, participants and associates.
“Online” : a remote, as meant in the Ordinance, digital connection with any device using any device.
“Operation” : shall mean the Gaming Operation.
“Operator” : the company that renders B2C Services via its Websites and has the operational responsibility to End Users.
“Ordinance” : the ordinance with reference to P.B. 1993, 63.
“Parties” : the B2B Services Provider and the Operator collectively.
“Payment Processor” : a company that is authorized in the processing of transactions between sellers and buyers.
“Payouts” : any value paid to the End User.
“Payment Service Provider” : a professional third party that provides payment services to the Operator. “Permitted Users” : End Users that are legally allowed to make use of the Gaming Services.
“Personal Data” : the data as defined in article 4, GDPR.
“Platform” : Infrastructure.
“Player” : End User.
“Principal” : the UBO.
“Procedure” : a series of actions conducted in a certain order or manner.
“PRQ” : a Public Risk Qualification.
“Principal” : a natural individual that has contracted the Corporate Service Provider to function as the Non-Executive board member of the Operator.
“Public Record” : a record that shall be accessible to the general public.
“Public Risk Qualification” : an estimation of risk that the B2C Services of the Operator may pose to the average End User.
“Q1” : the yearly period of 1 January up to March 31.
“Q2” : the yearly period of 1 April up to 31 June.
“Q3” : the yearly period of 1 July up to March 31 September.
“Q4” : the yearly period of 1 October up to 31 December.
“Quarter” : a one-fourth period of a Calendar Year.
“Regulator” : a person or body that supervises a particular industry or business activity.
“Regulatory Infringement” : a breach or infraction, as of a legislation or right.
“Report” : a written account of an event that one has observed.
“Responsible Gaming” : the set of social responsibility initiatives to ensure the integrity and fairness of Games and to promote awareness of harms associated with Gaming.
"Responsible Gaming Reporting Officer": the officer responsible for overseeing and reporting on End User Care and the implementation of End User Care policies.
“RGR” : Responsible Gaming Report
“RGRO” : Responsible Gaming Reporting Officer.
“Seal” : Validation Seal.
“Self-Exclusion” : a legal prohibition from participation in games of chance that has been instituted on a voluntary basis against a particular End User.
“Service Package Fee” : any fees borne by the Operator via services rendered by the B2B Services Provider.
“Session Data” : data produced by a temporary and interactive information interchange between the End User and Operator.
“Session Date” : the date on which the Session Data was produced.
“Software” : the programs and other operating information used by a computer.
“Software Provider” : a professional third party that provides the use of software to the Operator.
“Solvency” : the possession of assets in excess of liabilities, creating the ability to pay one’s debts.
“Standards” : the functioning and carrying out of procedures that are in compliance with Good Industry Practice.
“Suspend” : the act of Suspension.
“Suspension” : a temporary or permanent hold on the right to receive or offer Services.
“Subsidiary” : a company controlled by a Holding Company.
“Substance” : the presence of actual activity as well as the effective role such activity plays within the broader context of the Operation.
“Taxation” : the principle of compulsory contributions to state revenue, levied by governments on business profits.
“Technical Services” : operational services rendered by third parties, that are essential to the offering of Gaming Services.
“Terms of Service” : the terms as defined in any understanding, communicated in any form or manner, between the Operator and End User.
“Territories” : the collection of countries and jurisdictions as defined in agreements between the Operator and Third Parties that provide B2B Services to the Operator.
“Third Party” : a person that is not a party to the IP Agreement.
“Transaction” : an immediate exchange of any goods of value.
“UBO” : mean Ultimate Beneficial Owner.
“Ultimate Beneficial Owner” : a person who exercises ultimate effective control over a legal person or arrangement.
“Uniform Resource Identifier” : a string of characters that unambiguously identifies a particular resource.
“Uniform Resource Locator” : a URI that specifies the : of acting upon or obtaining the representation of a resource.
“Uniform Resource Name” : a URI that identifies a resource by name in a particular namespace.
“Updates” : changes and amendments.
“URI” : Uniform Resource Identifier.
“URN” : Uniform Resource Name.
“URL” : Uniform Resource Locator.
“User Data” : any database that contains information of End Users.
“Validation Seal” : a certificate provided by the B2B Service Provider, which is required to ensure that the Operation performs in conformance with rules and regulations of the Aggregator.
“Website” : a resource whose representation in the form of HTML and related code is obtainable via the Hypertext Transfer Protocol from a network host with a designated Domain.
"White Label" : the offering of a Gaming Operation as a B2B Service, rendered by an Operator to a Third Party as if the Third Party is the Operator that is responsible for the Gaming Operation.
“Wind Up” : the process of dissolving a business.
“Winnings” : an entitlement that has been gained by the End User in participating in Games of Chance.
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