The Alderney Gambling Control Commission revoked Sheriff Gaming parent´s gaming license in the wake of an investigation in the Netherlands into alleged drug dealing, money laundering and illegal gambling.
The commission declared Bubble Group BV was “no longer fit and proper to hold (a gaming certificate).”
The commission suspended the license in September after a joint operation by Dutch prosecutors, gaming regulators and tax authorities resulted in the arrests of Sheriff Gaming CEO Stijn Flapper, brothers Michel and Maurice Gregoire and an unidentified financial advisor. Authorities seized 100 bank accounts, 80 residential and commercial properties and 20 vehicles believed to be linked to the alleged criminal activity. Sheriff has stated that it expects to be cleared of any criminal charges. But Stijn and Michel Gregoire were denied bail by a Dutch judge earlier this month after prosecutors indicated the investigation was ongoing and more arrests were imminent.
A related Netherlands-based software supplier, Bubble Gaming, recently was declared bankrupt by a Dutch court.
