The Alderney Gambling Control Commission (AGCC) officially announced that online slots developer Sheriff Gaming had lost its gaming licence this week.
The anticipated decision came with little shock after the AGCC had suspended the licence held by Sheriff Gaming’s parent company Bubble Group NV in September 2013.
Action was taken by the AGCC against Bubble Group NV after it had been confirmed that the company was being investigated on suspicion of being involved in money laundering and illegal gambling.
An investigation was launched by Dutch authorities and several Bubble Group NV directors were arrested. A large percentage of the company’s assets were also seized with bank accounts linked to the company frozen.
Sheriff Gaming has denied any involvement in any of the allegations launched against its parent company but the AGCC felt that the developer was unfit to hold a gaming licence.
A statement from Executive Director of the AGCC Andre Wilsenach read “The Commissioners of the Alderney Gambling Control Commission have withdrawn the Category 2 Associate Certificate of Bubble Group BV.”
The statement continued “This action follows a regulatory hearing held on Monday 24th February, 2014 at which the Commissioners determined that Bubble Group BV was no longer fit and proper to hold such a certificate.”