BC.Game, a cryptocurrency casino and sportsbook platform, announced the withdrawal of its operating license from Curacao.
In a statement, the company blamed “Curacao’s increasingly hostile environment for operators in recent years” for its decision. However, BC.Game claimed that its decision to forego the Curacao license was part of its objective to strengthen its global compliance strategy.
“Despite ongoing efforts to modernize Curaçao’s i-Gaming law, proper legal protection for all operators established in Curaçao is severely lacking, such as its bankruptcy law, which dates to 1931 via the “Curaçao Bankruptcy Decree” which can easily be exploited by malicious actors and used against legitimate operators,” the statement said.
Leicester City Partnership Continues
BC.Game that sponsors Leicester City said its collaboration continues with the UK-based football club. City has also issued statements on the ongoing controversy, with the latest claiming it has “received the strongest assurances” from BC.Game, which claimed the legal dispute “had no bearing on its financial standing.”
“Contrary to recent rumours inaccurately circulated questioning BC. GAME’s financial position, BC.GAME further reaffirms to its stakeholders and the public in general that its financial position remains in good health. All BC. GAME’s international operations remain unaffected and BC.GAME will continue to fulfil all of its ongoing legal and financial obligations,” the latest BC Game statement said.
Bankruptcy Ruling
At the root of BC Game’s disenchantment with Curacao is a recent verdict by Curacao’s Court of First Instance that pronounced the two companies behind BC Game bankrupt. The court decision came on a bankruptcy petition filed in October against BC.Game by a player advocacy network, the Foundation for the Representation of Victims of Online Gaming (SBGOK).
SBGOK filed the bankruptcy petition after some players claimed that their wins to the tune of $2 million were not paid.
In February, BC Game’s parent company, Blockdance BV, sold the casino platform to Small House BV. One of the claims by SBGOK stated that Blockdance failed to pay player winnings amounting to $10,948. Blockdance disputed this claim, saying it credited the player and relinquished control of the BC.Game in April 2024.
The new owner of BC.Game Small House has said it has bought the operating rights of the crypto casino, which doesn’t include paying player debts.
