Curaçao Regulator Targets BC.Game License Amid Bankruptcy Scandal

Regulatory Concerns and Player Losses

The GCB’s investigation into BC.Game stems from the bankruptcy of its parent company, Small House BV, and allegations of regulatory non-compliance. Small House BV reportedly failed to repay over $2 million owed to players, a situation exacerbated by the transfer of BC.Game’s assets from its former parent company, Blockdance BV. Legal documents indicate that while Small House received the casino’s assets, it did not assume its debts, leaving many players uncompensated.

Disputes over ownership and financial accountability have further complicated the situation, with evidence suggesting that Blockdance BV might still have ties to BC.Game. The GCB has given Small House until November 29 to address the outstanding issues and avoid losing its license.

Impact on Operations and Sponsorships

BC.Game has sought to reassure stakeholders, stating that its operations remain stable despite the financial and legal challenges. The company has emphasized its commitment to honoring agreements, including its $40 million sponsorship deal with Leicester City FC. The football club has expressed confidence in BC.Game’s ability to meet its obligations, describing the bankruptcy as a procedural matter rather than a financial collapse.

Legal analysts warn, however, that losing its Curaçao license could severely impact BC.Game’s global operations, hindering its ability to access funds and establish new banking relationships. While its UK operations, managed through TGP Europe, would remain unaffected, the loss of its Curaçao license would pose significant challenges for its broader business model.

BC.Game has vowed to appeal the bankruptcy ruling, claiming the court overlooked crucial evidence and arguing that it has complied with regulatory requirements. Meanwhile, the GCB has taken steps to mitigate potential fallout, tightening oversight and prioritizing the protection of affected stakeholders.