WILLEMSTAD – A recently disclosed document has unveiled a complex and far-reaching web of gambling companies linked to EM-Group and its affiliated company eMoore N.V., both headquartered in Curaçao. These companies play a central role in facilitating and managing a significant portion of the island’s online gambling industry, with hundreds of international operators listed under their administrative umbrella.
The document, which appears to be an official registry extract or database overview, contains the names of over 600 gambling-related entities either administrated or represented by EM-Group and eMoore N.V. The entities are organized primarily under master licenses issued by Curaçao eGaming, one of the key license providers operating under the island’s older regulatory regime.
Among the many companies listed are major gambling brands, online casino operators, sportsbook platforms, and white-label services. Notable examples from the list include:
Stake.com (operated under Medium Rare N.V.)
Duelbits.com (noted under Liquid Gaming N.V.)
Rollbit.com (Yolo Group)
Thunderpick, Cloudbet, and Winz.io – all linked to cryptocurrency-based betting operations.
The EM-Group and eMoore N.V. appear to serve as corporate service providers, offering administrative, compliance, and licensing management for these international gambling entities. This setup allows global operators to register a local Curaçao company, secure a sub-license under a master license holder, and run international online gambling operations while benefiting from Curaçao's favorable regulatory and tax environment.
While EM-Group claims in public statements that it only offers administrative support and is not operationally involved in the gambling activities themselves, the document raises questions about the extent of control and visibility they have over their clients' platforms. The inclusion of so many companies under their supervision suggests a high level of coordination, and some industry observers have raised concerns over transparency, regulatory oversight, and potential vulnerabilities to misuse.
The new gambling legislation in Curaçao, introduced in 2023 and enforced more strictly in 2024 through the National Ordinance for Games of Chance (LOK), is aimed at reforming the regulatory landscape by phasing out the opaque master license model. Under the new framework, companies are required to apply for their own licenses directly with the Curaçao Gaming Authority (CGA), which also now mandates stricter anti-money laundering compliance and player protection standards.
In this transition, the role of companies like EM-Group and eMoore N.V. is expected to come under closer scrutiny. While they may continue to operate as registered service providers under the new framework, their influence over large parts of the gambling sector may diminish as more direct regulatory controls are introduced.
However, questions remain about the legacy companies still operating under the old licenses and the speed with which all platforms will be brought into compliance with the new system. The document suggests that many of these companies are still active under the EM-Group and eMoore umbrella, indicating the challenges that Curaçao’s regulators face in fully transforming the industry.
The revelations come amid increasing international pressure on Curaçao to clean up its reputation as a haven for online gambling. Several European countries, including the Netherlands and Germany, have voiced concerns about unlicensed operators based in Curaçao targeting their citizens without proper authorization.
As the transition to the new licensing regime continues, industry observers and legal experts will be closely watching how companies like EM-Group and eMoore adapt—and how the Curaçao Gaming Authority enforces its new rules.
For now, the spotlight remains on this powerful but largely behind-the-scenes network that has helped shape the global online gambling industry from an island in the Caribbean.
