Recent bankruptcy allegations against BC.Game have been addressed by Leicester City as the Premier League club announced it will stick by the crypto casino operator.
According to multiple media outlets, Blockdance BV and Small House BV – two of the companies which make up BC.Game – have been declared bankrupt.
While the bankruptcy has not been confirmed by BC.Game, the company has confirmed its involvement in a legal dispute in the Dutch Caribbean island of Curaçao, where it holds a gambling licence, initiated by several of its users.
Despite being faced with a difficult financial situation should the club’s main sponsor become bankrupt, Leicester City has come out in support of the operator due to receiving “the strongest assurances”.
“We have been and continue to be in regular discussions with BC.Game with regard to an active legal case in Curaçao,” a Leicester City spokesperson said.
“BC.Game have provided the club with the strongest assurances that they are actively appealing this case, and that the process which has been initiated in Curaçao is administrative in nature and has not arisen due to any concerns with their financial standing.
“BC.Game has further assured us that they have no issues with liquidity and that they remain fully committed to meeting their ongoing contractual and financial obligations, including to the club, and that this case will not impact on BC.Game’s continuing international operations.”
BC.Game issued a statement in response to allegations of bankruptcy in which it addressed the legal case in Curaçao. The platform has been accused of misconduct by its customers, who claim that they incurred losses due to system issues.
“We strongly disagree with the court’s recent rulings and will vigorously appeal the decision, as we believe it failed to adequately consider key facts,” a BC.GAME statement read.
The firm states that it has found ‘several inconsistencies’ in the case and that the allegations lack any substantial evidence. It adds that many claims fail to hold up to legal and technical scrutiny and rely on unverified statements.
The statement continued: “BC.GAME is confident in our ability to demonstrate compliance and uphold our reputation as a legitimate operator in the industry.”
Leicester City’s sponsorship with the cryptocurrency casino operator has already received some criticism – along with several other crypto-PL clubs brand deals – due to the fact their services remain unavailable to UK players.