Bubble Group declared bankrupt following Dutch police actions
Bubble Group NV, the parent company of online gambling software developer Sheriff Gaming, has had its licence pulled by the Alderney Gaming Control Commission following a regulatory hearing on Monday where commissioners found that the firm was "…no longer fit and proper to hold such a certificate."
InfoPowa readers will recall that Alderney suspended the business-to-business licence of Bubble last September following enforcement actions by the Dutch authorities, who alleged criminal offences of money laundering, drug dealing and illegal gambling by individuals associated with the company.
Four individuals were arrested on several serious criminal charges, and a slew of company assets, including numerous bank accounts and physical properties, were seized. Investigations are still ongoing, with the authorities indicating that further detentions are likely.
Earlier this week a court in Oost Brabant declared Bubble Gaming BV bankrupt.
Sheriff Gaming has consistently denied any involvement in illegal activities.
Online Casino News Courtesy of Infopowa