Anjouan vs. Curacao: The best choice for iGaming operators in 2025

In this article, iGaming industry consultant Ron Mendelson, Fast Offshore, evaluates the strengths of the Anjouan and Curacao licenses, highlighting why Anjouan emerges as the superior option for operators planning for 2025 and beyond. 

For operators in the iGaming industry, particularly those leading mid-sized enterprises or launching startups, selecting the best licensing jurisdiction is a crucial decision that shapes the trajectory of their operational success.

Two jurisdictions dominate this conversation: Curacao, a well-known and long-established hub with decades of history, and Anjouan, a relatively new entrant from the Comoros archipelago. Both have undergone significant regulatory reforms in recent years to align with changing global standards and address modern compliance requirements.

However, Anjouan has emerged as the more effective choice, offering operators unmatched value for money, quick setup times, international legitimacy, and, importantly, operational flexibility. 

Curacao

Curacao has long been a household name in the iGaming licensing world, with its origins dating back to the 90s, when it first established its online gambling regulations. Its historical model, which was focused on master licenses that allowed sub-licensing, attracted operators seeking high levels of accessibility and minimal bureaucratic hurdles. This historic structure earned it a reputation for ease, making Curaçao a preferred choice for mid-sized operators and startups looking to enter the market swiftly and at a relatively low cost. But it also caused problems: mainly related to regulatory oversight, lax enforcement, and its overall reputation.

Recent regulatory reforms, pushed for by the Netherlands, have sought to modernize Curaçao’s framework in response to global pressures for enhanced oversight and higher compliance standards. The transition to direct iGaming licenses issued by the authorities, replacing the master-sub model, introduced stringent anti-money laundering protocols, player protection measures, and technical audits aligned with international standards. But the transition didn’t go too smoothly.

While Curacao retains advantages, such as established brand recognition and banking relationships, its post-reform landscape presents a number of challenges. The application process has become protracted, with delays in approvals and audits creating bottlenecks for operators. It has also become more costly, both in terms of the application and renewal costs, and ongoing maintenance. Retention rates reflect this struggle, as some existing licensees explore alternatives and new applicants hesitate amid uncertainties surrounding the transition. For operators prioritizing stability and familiarity, Curacao remains a viable option, but its ability to attract and retain operators has waned compared to emerging jurisdictions. So where are operators heading instead?

Anjouan

Anjouan has rapidly developed a name for itself as a compelling alternative for iGaming operators. Its regulatory overhaul has positioned it as a forward-thinking jurisdiction, and this hasn’t gone unnoticed. Since the reform, Anjouan’s licensing authority has issued over 850 licenses, supporting more than 2,000 active gaming sites - a number that continues to grow. This growth is a clear demonstration of its appeal to operators seeking a jurisdiction that balances compliance with operational agility and cost efficiency.

Anjouan’s licensing process is notably efficient, enabling operators to get up and running in just a few days if you partner with Fast Offshore. The streamlined application system, supported by digital submissions and responsive regulatory teams, minimizes any potential delays, a critical advantage for startups racing to market or mid-sized operators keen to turn a profit quickly. Compliance is equally comprehensive, with frameworks adhering to international anti-money laundering and know-your-customer standards, alongside certifications for random number generators and responsible gaming protocols. This is, however, balanced with a lighter touch to regulation, which encourages self-regulation among operators. However, this careful balance ensures Anjouan’s licenses are recognized by global banks, payment processors, and affiliate networks, enhancing its credibility in established and emerging markets. This makes life much easier for operators who can create partnerships with ease and mutual trust.

Anjouan also accommodates a range of diverse business models, from cryptocurrency-integrated platforms to specialized esports and white-label operations, without requiring complex reapplications. This adaptability appeals to mid-sized operators seeking growth without regulatory constraints and startups aiming to innovate in niche segments. It also appeals to any kind of operator with smaller budgets. Cost efficiency is another big benefit, with Anjouan offering the market’s most competitive financial structure, allowing operators to allocate their resources toward marketing, technology, or player retention rather than fees and administrative costs.

Why Anjouan leads in 2025

Both Curacao and Anjouan have modernized their regulatory frameworks to meet global expectations, implementing measures to ensure compliance and player protection. However, key differences showcase Anjouan’s edge for forward-looking operators.

• Processing speed is a primary differentiator. Curacao’s post-reform procedures often extend over several months due to rigorous audits and administrative backlogs, creating delays that can hinder market entry. Anjouan prioritizes efficiency, enabling operators to launch swiftly without compromising on compliance or standards. This speed is particularly valuable for startups operating under tight timelines or mid-sized firms aiming to capitalize on market trends.

• Cost considerations also favor Anjouan, as it is the lowest-cost license on the market today. Meanwhile, Curacao has become more expensive, while not really delivering on additional value for money.

• Legitimacy and market recognition further tilt the scales. Curacao’s established name carries quite a weight in traditional markets, but Anjouan’s alignment with international standards has earned it growing acceptance among financial institutions and players. Its licenses are not just operational permits but assets that enhance the operator's credibility with players and third parties alike. For operators targeting emerging markets or integrating innovative technologies, Anjouan’s adaptability ensures a seamless alignment with evolving standards and business models, whereas Curacao’s framework, though reliable, is considered less responsive to the changes taking place in the industry today.

• Curacao remains a respected choice for operators embedded in its ecosystem or serving conservative markets. However, its challenges in retaining licensees and attracting new ones signal that the jurisdiction is grappling with its ongoing transition. Anjouan, with its proven track record of over 850 licenses and 2,000 sites, demonstrates not only stability but also momentum, positioning it as the jurisdiction of choice for operators planning long-term success in 2025 and beyond.

Partnering with Fast Offshore for licensing success

Selecting a jurisdiction is only the first step; executing the licensing process demands expertise and precision. Fast Offshore, with its extensive experience in iGaming licensing, is a valuable partner for operators pursuing Anjouan or Curacao licenses. Our team navigates the complexities of entity formation, compliance documentation, and banking integrations to ensure a streamlined path to operational status. For any size of operator, regardless of budget, seeking efficiency or startups aiming to launch swiftly, Fast Offshore delivers tailored solutions that align with your needs.

Anjouan is the clear choice for iGaming operators in 2025, offering a blend of speed, cost efficiency, legitimacy, and flexibility that outpaces traditional jurisdictions such as Curacao. To capitalize on this opportunity and position your operation for success, contact Fast Offshore today. Let us guide you through the licensing process, taking care of your needs and nurturing your success every step of the way.