#CasinoSecrets

Investigating the Offshore Online Gambling Industry

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Elsikora N.V.

Gaming OperatorRegistered January 9, 2024
1
Applications
15
Domains
9
Related Entities
0
Locations

OGL/2024/345/0210

Granted
Submitted: July 31, 2024End Date: March 26, 2025

Customer

Contact
Norine Clifton
Email
norine.clifton@morganite-cs.com
Company
Elsikora N.V.

Review Timeline

Verification
JPJemy-Ree Pilgrim (GCB User 3)
Ended May 14, 2024
Due Diligence
STSarah Tua (ST)
Due Diligence
AAAnton Axiaq (AAX)
Due Diligence
PWPhilippe Warzee (PW)
Due Diligence
AAAnton Axiaq (AAX)
Due Diligence
LCLuca Camilleri (LC)
Due Diligence
KMKevin Mallia (KM)
Suitability
HSHilary Stewart Jones (HSJ)
Suitability
AFAsha Fitzgerald (ASHF)
Approval
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
MMMario Marques Ricardo (CGA User 60)

Compliance Checklists

Application Verification ReviewCritical3 items
Oleksandr Segiienko - **2 SVQuestionMinorDue Aug 23, 2024

PAGE 2: QUESTIONS 17 TO 19: Answer is incorrect.

The information provided must be the same as in the passport enclosure document.

Item will be closed due to indefinite license approval proceedings. If necessary, a new item will be opened during the supervision phase.
[Mario Marques Ricardo - 07-08-2026 22:32]
Norine CliftonQuestionMinorDue Aug 23, 2024

PAGE 1: APPLICATION NUMBER: Answer is missing.

Make sure that this is filled and the same as that shown on the portal.

Item will be closed due to indefinite license approval proceedings. If necessary, a new item will be opened during the supervision phase.
[Mario Marques Ricardo - 07-08-2026 22:33]
Norine CliftonQuestionMinorDue Aug 23, 2024

PAGE 2: QUESTIONS 19: Answer is incorrect.

The information provided must be the same as in the passport enclosure document.

Item will be closed due to indefinite license approval proceedings. If necessary, a new item will be opened during the supervision phase.
[Mario Marques Ricardo - 07-08-2026 22:32]
Application Due Diligence ReviewCritical12 items
Financial StatementsFinancial AuditCriticalDue Sep 28, 2024

Submit financial statements for years ending 2023.

Submit financial statements for years ending 2023.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:35]
Business Plan - organisational structureBusiness PlanCriticalDue Sep 28, 2024

A compliance officer is required to be hired/identified, who is fluent in AML and is required to submit their PHDF.

A compliance officer is required to be hired/identified, who is fluent in AML and is required to submit their PHDF.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:36]
Share Ledger CertificationShare LedgerLowDue Sep 28, 2024

The share ledger submitted is uncertified. Resubmit duly certified.

The share ledger submitted is uncertified. Resubmit duly certified.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:36]
Source of funds of businessSource of FundsCriticalDue Sep 28, 2024

Documents are missing. Submit documentation as to how the business is funded and by whom, including evidence of any funding/loans by shareholders or third parties, as well as documents evidencing any funds owned by the company through cash flow or other means. Documents submitted must be duly certified.

Documents are missing. Submit documentation as to how the business is funded and by whom, including evidence of any funding/loans by shareholders or third parties, as well as documents evidencing any funds owned by the company through cash flow or other means. Documents submitted must be duly certified.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:37]
QPA/2024/00953 - Oleksandr Segiienko - PHDFMiscellaneousCriticalDue Oct 31, 2024

The PHDF must be filled out, signed and verified digitally. Please resubmit.

The PHDF must be filled out, signed and verified digitally. Please resubmit.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:37]
QPA/2024/00953 - Oleksandr Segiienko - PassportPassportCriticalDue Oct 31, 2024

Please provide a certified copy of the passport's first page and bio.

Please provide a certified copy of the passport's first page and bio.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:38]
QPA/2024/00953 - Oleksandr Segiienko - SOWSource of WealthCriticalDue Oct 31, 2024

SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business.

SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:39]
QPA/2024/00953 - Oleksandr Segiienko - SOWSource of WealthCriticalDue Oct 31, 2024

SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business.

SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business.

Types of GamesQuestionCriticalDue Dec 12, 2024

Application states that pooled prize games and peer to peer will also be offered. Since none where found on sites please advise whether these games will be offered?

Application states that pooled prize games and peer to peer will also be offered. Since none where found on sites please advise whether these games will be offered?

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:39]
Terms & ConditionsMiscellaneousCriticalDue Dec 12, 2024

Terms & Conditions need to be enhanced to reflect the operation of the company.

Terms & Conditions need to be enhanced to reflect the operation of the company.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:40]
AML PolicyMiscellaneousCriticalDue Dec 12, 2024

The AML terms and procedures needs to be replaced to reflect legal obligations in Curacao.

The AML terms and procedures needs to be replaced to reflect legal obligations in Curacao.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:41]
Player VerificationMiscellaneousCriticalDue Dec 12, 2024

Since only a phone or email is required to register, please advise at what stages players are screened for legal age and prohibited countries together with AML checks.

Since only a phone or email is required to register, please advise at what stages players are screened for legal age and prohibited countries together with AML checks.

Items Closed after Rejection
[Mario Marques Ricardo - 07-08-2026 22:38]