ВС.GАМЕ declared bankrupt in Curaçao

A recent court ruling in Curaçao has led to the declaration of bankruptcy for the companies Blockdance B.V. and Small House B.V., which manage the online casino BC.Game. The decision was based on evidence provided by the Gambling Victims’ Protection Fund (SBGOK), showing that these companies failed to meet their financial obligations to players.

Reasons for Bankruptcy

Both companies, Blockdance and Small House, were declared bankrupt due to their inability to fulfill obligations to players who lost significant amounts of money. Between April 30 and August 10, 2024, after Small House took over, funds disappeared from users’ accounts. Some affected players filed claims for compensation:

Two players demanded $1.48 million and $680,000 for lost account balances.
There was also a claim of $10,900, which Blockdance claimed was partially settled.

Now, due to the bankruptcy, players may attempt to recover their compensation through the bankruptcy proceedings of both companies.

Division of Responsibilities between Companies

The legal proceedings revealed that although the companies operated under the same brand, they tried to separate their responsibilities. Blockdance claimed to have managed the BC.Game casino until April 30, 2024, after which Small House took over the operations. Small House, on the other hand, stated that while it assumed operational duties, financial obligations to players remained with Blockdance.

However, SBGOK insisted that despite the formal separation, the companies continued to operate as one, and that players’ funds disappeared after Small House took over the management of the casino.

Liability and Violations

The court found that both companies had ceased to meet their obligations, violating the terms of their licenses. In Blockdance’s case, it was revealed that not only had it ceased operations, but it was also fined €5 million in Spain for legal violations. The company had also failed to comply with the Dutch authorities’ orders, where BC.Game was deemed to be illegally operating as an online casino.

Regarding Small House, the court noted that despite claims of fulfilling financial obligations, many players still had outstanding claims. The company had also failed to meet Curaçao’s licensing requirements, including the obligation to use local or recognized bank accounts, which contributed to its bankruptcy.

Possibility of Compensation for Players

The court ruling confirmed that both Blockdance and Small House had failed to meet their financial obligations, paving the way for compensation for players through the bankruptcy process. Two major claims from players totaling over $2 million may be settled within this procedure.

Thus, in light of the current situation, affected users of the BC.Game online casino may hope to receive compensation for their funds, although, given the scale of the bankruptcy, the process may take considerable time.