According to information, Barbara Nagelmakers acts as the trustee and manages BC.Game’s bankruptcy, and she has filed documents to cancel the first bankruptcy order, mainly because claims recovery seems not possible. Another problem arises since the bankruptcy trust does not have enough money, and people familiar say the SBGOK foundation, which started the process, could not provide the funds after their lawyer said there might be governance concerns.

BC.Game’s bankruptcy in autumn 2024 created a big story and then made the gaming regulator of the island start action to remove the operator’s licence, and NEXT.io wrote about it first. BC.Game was showing its main logo on Leicester City FC shirts during this time through sponsorship. This bankruptcy process links to Curaçao law that lets other parties start proceedings if a business does not pay debts, and for BC.Game, the total player claims were more than $2.5 million.

Legal Representatives Try to Get BC.Game Player Claims

For all the claims from players, one is most important and comes from an Indonesian player who put over $1 million using USDT into his account but could not take it back after BC.Game said there were reasons, such as self-referral and having several accounts. However, some sides argue if the player really made more than one account, and people say a technical issue in BC.Game’s system, which allows the same email to make several accounts when Google Authenticator is chosen at registration, could be the cause.

Different companies under BC.Game’s control made legal cases hard because the shell company structure creates complications for people and companies wanting to get payments for player claims against the business. After this, the operator got a licence from Anjouan and still operates with this licence, making BC.Game a top global grey market operator today. A complex situation happened when the Twocent Technology Limited holding company in Belize, which was recorded as the business for the Anjouan licence, did not actually exist, based on an email from the Belize Financial Services Commission shown to NEXT.io.

Events After BC.Game Bankruptcy

Once the previous scandal occurred, the United Kingdom said white-label sponsorship deals would possibly be stopped, and TGP Europe, which is widely known, then left the market because the Gambling Commission looked into the matter. It is said by sources talking to NEXT.io that BC.Game may want to get the Curaçao licence again with new rules and has tried to end the unsettled player claims without going to court, but a final decision on this is not confirmed.

There is also information from sources to NEXT.io that some in Europe working against money laundering might act to cut financial services between Anjouan and the continent, which could hurt offshore brands like BC.Game. NEXT.io has reached out to BC.Game to ask if the company plans to get the Curaçao licence again if the court withdraws the bankruptcy order.