Crypto-centric casino, BC.Game, ceases its operations in the United Kingdom gambling market and rejected the court ruling in November that declared it bankrupt. It also assured its sponsorship partners, Leicester City Football Club, that there will never be issues related to liquidity that would affect the partnership deals. In connection to the current legal and financial issues in Curacao, there are other challenges that BC.Game is currently facing, let’s find out what is happening with BC.Game’s operations and more.
BC.GAME’s UK Operations Closure
BC.Game, one of the most popular online casinos in United Kingdom, has ceased its operation in the UK gambling market, which has elevated speculation over the firm’s future along with its partnership with Leicester City FC. Operators at BC.Game confirmed the news, mentioning that it is on the brink of losing its gaming license.
Josimar, the new football specialists, reported that the team had witnessed a Curacao Gaming Control Board (GCB) document where the regulator planned to revoke the license of BC. Game’s company, Small Dance B.V.
Disruption was fuelled for the gaming platform by the current court cases where customers alleged losses because of the misconduct of the company along with some system issues. The crypto casino operator issued a statement as a response to the bankruptcy allegations, addressing its legal case in Curacao.
Many customers have accused the platform of their misconduct and claimed incurring losses due to the system issues. Previous owner, Block Bance of BC.Game, also embroiled in this case as one of the claims under the Foundation for the Representation of Victims of Online Gaming (SBGOK)’s claims related to the player who claimed that they were owed $10,948. BC.Game was tried in filings to argue that its holding company Small House B.V. had purchased the assets from the operator from the Block Dance B.V. but the argument was unconvincing and the court ultimately moved the company to bankruptcy due to its failure to pay its debt.
Sponsorships and Future Implications
The iGaming crypto platform, BC.Game, recently signed a $40 million deal with Leicester City FC to become its official principal partner. This partnership will be a significant move in the history of Leicester City with the branding set on BC.game to prominently feature on the shirt of the First Team as well as the adult replica shirts from the 2024-25 season.
To get more information on the regulatory scenario and future operation of the iGaming platform, visit our BC.Game Review.
BC.Game, as a part of this expansion, will launch its proprietary crypto $BC to provide a unique value to both the platform users and token holders. The collaboration will boost BC Game’s brand recognition and also provide fans with exciting opportunities to engage with the team.
Amidst all the legal challenges that the crypto casino is facing, BC.Game assures its sponsorship partners that there will be no issues related to liquidity, and that they will remain fully committed to them.
The bankruptcy case has brought risks for BC Game’s license. After the parent company, Small House B.V. failed to pay players in dispute, the circumstances have led to a situation of crisis where BC Games could now lose access to financing, if the license is revoked. However, according to a statement put forward by BC.Game, the operators are confident in their ability to demonstrate compliances and uphold their reputation as a legit casino operator in the industry.
