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{"actor":"system:backfill","investigation_id":"a02eb814-602b-44bc-9918-b585034c493e","kind":"publish","page_slug":"bc-game-twocent-technology-ltd","published_at":"2026-10-12T20:19:23.356Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"BC.Game / Twocent Technology Ltd","sections":[{"content":"BC.Game operated under Curaçao-licensed companies Blockdance B.V., which ran the platform until April 30, 2024, and Small House B.V., which took over operations afterward. The victims' advocacy foundation SBGOK filed bankruptcy petitions against both companies over unpaid player winnings, including a claim of roughly $1.48 million (€1.39 million) and a second of $680,000 (€639,820.72). On October 4, 2024, Curaçao's Court of First Instance rejected the petitions; SBGOK appealed, and on November 12, 2024 the Court of Appeal in Curaçao declared both Blockdance and Small House bankrupt. The court found Small House had failed to comply with Curaçao licensing requirements and noted an unpaid €5 million fine from Spanish authorities that Blockdance disputed. BC.Game publicly rejected the ruling, called it erroneous, said it had 'no issues with liquidity, financial standing or adhering to any of its existing contractual obligations,' alleged the claimant players had committed fraud, and said it would appeal.","heading":"Curaçao bankruptcy of operating companies","severity":"critical","sources":[{"credibility":2,"name":"Curaçao Chronicle: Curaçao court declares bankruptcy for Blockdance and Small House amidst unpaid player claims","type":"news_article","url":"https://www.curacaochronicle.com/post/main/curacao-court-declares-bankruptcy-for-blockdance-and-small-house-amidst-unpaid-player-claims"},{"credibility":2,"name":"Gaming Intelligence: BC.Game quits Curaçao after bankruptcy ruling","type":"news_article","url":"https://www.gamingintelligence.com/legal/207547-bc-game-quits-curacao-after-bankruptcy-ruling/"}]},{"content":"On December 5, 2024, BC.Game withdrew its Curaçao gaming license, citing what it called an 'increasingly hostile environment for operators,' and said the move would not affect its international operations. BC.Game's international site subsequently began listing a license from the Government of the Autonomous Island of Anjouan, Union of Comoros, held by Twocent Technology Ltd, a company the article reported had been registered in Belize in July 2024. The Anjouan license bars the operator from serving players in Australia, Austria, Comoros, France, Germany, the Netherlands, Spain, the UK, the US, and FATF-blacklisted countries. The relocation followed an earlier Dutch regulatory order in October 2024 requiring BC.Game to withdraw from the Netherlands under threat of an €840,000 penalty.","heading":"License withdrawal and relocation to Twocent Technology Ltd (Anjouan)","severity":"high","sources":[{"credibility":2,"name":"Gaming Intelligence: BC.Game quits Curaçao after bankruptcy ruling","type":"news_article","url":"https://www.gamingintelligence.com/legal/207547-bc-game-quits-curacao-after-bankruptcy-ruling/"}]},{"content":"Investigative outlet Josimar reported in June 2025 that the Belize Financial Services Commission told a player who had been locked out of their BC.Game account that it was 'unable to find any company called Twocent Technology Limited registered in the country.' Josimar also reported that a search of the OpenCorporates global company registry found no entity by that name in any jurisdiction, and that a website using the Twocent name listed no physical address, corporate details, or phone number, with an inquiry email going unanswered. These findings, reported by a single outlet via one regulator response to one individual's query and an independent registry search, have not been independently confirmed by a published Belize FSC statement, and BC.Game has not responded to the allegation in available reporting; this claim is treated as credible but not conclusively verified.","heading":"Questions over Twocent Technology Ltd's registered existence","severity":"critical","sources":[{"credibility":2,"name":"Josimar Football: Game over?","type":"news_article","url":"https://josimarfootball.com/2025/06/10/game-over/"}]},{"content":"Industry outlet NEXT.io reported, citing anonymous sources, that the Curaçao bankruptcy trustee, named as Barbara Nagelmakers, submitted paperwork seeking to reverse the November 2024 bankruptcy order against Blockdance and Small House, citing among other reasons a low likelihood of recovering the claims at issue. The same report said the bankruptcy trust lacked the funds to continue, and that SBGOK, the foundation that brought the original claim, was reportedly unable to supply further funding after its attorney raised potential governance concerns. If accurate, this would leave the prospects of recovery for affected players' claims against Blockdance and Small House unresolved. This reporting rests on anonymous sourcing and has not been corroborated by a published court filing or official statement, so it is treated as alleged and lower-confidence.","heading":"Trustee reportedly seeking to reverse bankruptcy order amid funding shortfall","severity":"high","sources":[{"credibility":2,"name":"NEXT.io reporting on BC.Game bankruptcy trustee (via search aggregation)","type":"news_article","url":"https://next.io/?p=136162"}]},{"content":"FinTelegram, a financial-crime watchdog outlet, has issued public warnings urging players to avoid BC.Game and linked sites, stating that operations moved to Twocent Technology Limited, a Belize-registered company holding a license from 'Anjouan Gaming,' and that the beneficial owners and key personnel behind the operation remain undisclosed. FinTelegram also reported that an Italian regulator blocked the BC.Game website. Separately, Sweden's gambling regulator Spelinspektionen issued a decision dated June 29, 2026 prohibiting Twocent Technology Limited from offering games to Swedish consumers without a license, after finding the company had been promoting its services through Swedish-language affiliate marketing; the regulator noted Twocent is registered in Belize and holds a gambling license issued in Anjouan, a jurisdiction that has faced broader scrutiny for licensing operators considered part of the unregulated 'grey market.'","heading":"Watchdog warnings and additional regulatory actions","severity":"high","sources":[{"credibility":2,"name":"FinTelegram: Urgent Warning: BC.Game, a High-Risk Crypto Casino Operator","type":"community_report","url":"https://fintelegram.com/urgent-warning-bc-game-a-high-risk-crypto-casino-operator/"},{"credibility":1,"name":"Spelinspektionen decision re: Twocent Technology Limited (prohibition order)","type":"regulatory","url":"https://www.spelinspektionen.se/globalassets/dokument/tillsynsbeslut/forbud/twocent-technology-limited-forbud-att-tillhandahall-spel-2026-06-29.pdf"}]},{"content":"BC.Game remained the principal shirt sponsor of English football club Leicester City through the end of the 2024-25 season despite the Curaçao bankruptcy ruling and subsequent licensing changes. Reporting noted that TGP Europe, the company holding the UK gambling license that enabled the sponsorship arrangement, exited the British market in May 2025 following a Gambling Commission investigation, and that BC.Game allegedly continued to accept UK customers after its UK-facing license was revoked. In February 2025 Britain's Gambling Commission warned football clubs generally about accepting sponsorship from operators without a valid UK license, without naming Leicester specifically. AskGamblers reportedly ranked BC.Game as the operator generating the most player complaints among major offshore brands in 2024, with the lowest resolution rate among the top five.","heading":"Sponsorship continuity despite bankruptcy and licensing concerns","severity":"medium","sources":[{"credibility":2,"name":"Josimar Football: Game over?","type":"news_article","url":"https://josimarfootball.com/2025/06/10/game-over/"},{"credibility":2,"name":"SportBusiness: Leicester shirt deal remains despite BC.Game 'bankruptcy'","type":"news_article","url":"https://sportbusiness.com/news/leicester-shirt-deal-remains-despite-bc-game-bankruptcy"}]}],"sources_used":[{"credibility":2,"name":"Curaçao Chronicle: Curaçao court declares bankruptcy for Blockdance and Small House amidst unpaid player claims","type":"news_article","url":"https://www.curacaochronicle.com/post/main/curacao-court-declares-bankruptcy-for-blockdance-and-small-house-amidst-unpaid-player-claims"},{"credibility":2,"name":"Gaming Intelligence: BC.Game quits Curaçao after bankruptcy ruling","type":"news_article","url":"https://www.gamingintelligence.com/legal/207547-bc-game-quits-curacao-after-bankruptcy-ruling/"},{"credibility":2,"name":"Josimar Football: Game over?","type":"news_article","url":"https://josimarfootball.com/2025/06/10/game-over/"},{"credibility":2,"name":"FinTelegram: Urgent Warning: BC.Game, a High-Risk Crypto Casino Operator","type":"community_report","url":"https://fintelegram.com/urgent-warning-bc-game-a-high-risk-crypto-casino-operator/"},{"credibility":1,"name":"Spelinspektionen decision re: Twocent Technology Limited (prohibition order)","type":"regulatory","url":"https://www.spelinspektionen.se/globalassets/dokument/tillsynsbeslut/forbud/twocent-technology-limited-forbud-att-tillhandahall-spel-2026-06-29.pdf"},{"credibility":2,"name":"SportBusiness: Leicester shirt deal remains despite BC.Game 'bankruptcy'","type":"news_article","url":"https://sportbusiness.com/news/leicester-shirt-deal-remains-despite-bc-game-bankruptcy"},{"credibility":2,"name":"NEXT.io reporting on BC.Game bankruptcy trustee (via search aggregation)","type":"news_article","url":"https://next.io/?p=136162"},{"credibility":2,"name":"CryptoSlate company profile: BC.Game","type":"other","url":"https://cryptoslate.com/companies/bc-game/"}],"summary":"BC.Game is an online crypto casino and sportsbook, live since 2017, whose Curaçao-licensed operating companies, Blockdance B.V. and Small House B.V., were declared bankrupt by a Curaçao court in November 2024 following unpaid player winnings claims. BC.Game withdrew its Curaçao license, denied any liquidity problems, and relicensed under Twocent Technology Ltd, a Belize-registered company holding a gambling license from the Comoros island of Anjouan; Belize's Financial Services Commission has reportedly told at least one player it could not find any company by that name in its registry, and no matching entity appears in the OpenCorporates global database. A Curaçao bankruptcy trustee has reportedly sought to reverse the original bankruptcy order due to a funding shortfall, leaving affected players' prospects of recovering deposits unresolved, while watchdog FinTelegram has issued repeated public warnings urging users to avoid the platform.","timeline":[{"date":"2017","event":"BC.Game launches as an online crypto casino and sportsbook.","source":"CryptoSlate company profile","source_url":"https://cryptoslate.com/companies/bc-game/"},{"date":"2024-04-30","date_evidence":"Blockdance claimed it had operated the BC.Game platform until April 30, 2024, at which point control of the site was fully transferred to Small House.","event":"Blockdance B.V. transfers operational control of BC.Game to Small House B.V.","source":"Curaçao Chronicle","source_url":"https://www.curacaochronicle.com/post/main/curacao-court-declares-bankruptcy-for-blockdance-and-small-house-amidst-unpaid-player-claims"},{"date":"2024-10","event":"Dutch authorities order BC.Game to withdraw from the Netherlands under threat of an €840,000 penalty.","source":"Gaming Intelligence","source_url":"https://www.gamingintelligence.com/legal/207547-bc-game-quits-curacao-after-bankruptcy-ruling/"},{"date":"2024-10-04","date_evidence":"On October 4, 2024, the Court of First Instance in Curaçao rejected bankruptcy petitions filed by the SBGOK against Blockdance and Small House.","event":"Curaçao Court of First Instance initially rejects SBGOK's bankruptcy petitions against Blockdance and Small House.","source":"Curaçao Chronicle","source_url":"https://www.curacaochronicle.com/post/main/curacao-court-declares-bankruptcy-for-blockdance-and-small-house-amidst-unpaid-player-claims"},{"date":"2024-11-12","date_evidence":"Reports date the bankruptcy declaration to November 12, 2024.","event":"Curaçao Court of Appeal declares Blockdance B.V. and Small House B.V. bankrupt following SBGOK's appeal.","source":"Curaçao Chronicle","source_url":"https://www.curacaochronicle.com/post/main/curacao-court-declares-bankruptcy-for-blockdance-and-small-house-amidst-unpaid-player-claims"},{"date":"2024-12","date_evidence":"On 5 December (a Thursday), BC.Game withdrew its Curaçao licence","date_original":"2024-12-05","event":"BC.Game withdraws its Curaçao gaming license.","source":"Gaming Intelligence","source_url":"https://www.gamingintelligence.com/legal/207547-bc-game-quits-curacao-after-bankruptcy-ruling/"},{"date":"2024-12","event":"BC.Game begins operating under an Anjouan (Comoros) gaming license held by Twocent Technology Ltd, a Belize-registered company.","source":"Gaming Intelligence","source_url":"https://www.gamingintelligence.com/legal/207547-bc-game-quits-curacao-after-bankruptcy-ruling/"},{"date":"2025-05","event":"TGP Europe, holder of the UK gambling license underpinning BC.Game's Leicester City sponsorship, exits the British market following a Gambling Commission investigation.","source":"Josimar Football","source_url":"https://josimarfootball.com/2025/06/10/game-over/"},{"date":"2025-06-10","date_evidence":"\"Game over?\" (josimarfootball.com, 10 June 2025, by Steve Menary and Philippe Auclair)","event":"Josimar Football publishes investigation reporting that Belize's Financial Services Commission could not find Twocent Technology Limited in its registry, and that OpenCorporates shows no matching entity globally.","source":"Josimar Football","source_url":"https://josimarfootball.com/2025/06/10/game-over/"},{"date":"2026-06-29","date_evidence":"twocent-technology-limited-forbud-att-tillhandahall-spel-2026-06-29.pdf","event":"Sweden's Spelinspektionen issues a decision prohibiting Twocent Technology Limited from offering gambling services to Swedish consumers without a license.","source":"Spelinspektionen","source_url":"https://www.spelinspektionen.se/globalassets/dokument/tillsynsbeslut/forbud/twocent-technology-limited-forbud-att-tillhandahall-spel-2026-06-29.pdf"},{"date":"2026","event":"Reports surface that the Curaçao bankruptcy trustee, Barbara Nagelmakers, has sought to reverse the 2024 bankruptcy order against Blockdance and Small House, citing a funding shortfall in the SBGOK-backed claims trust.","source":"NEXT.io (via secondary reporting)","source_url":"https://next.io/?p=136162"}]},"v":1}