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SHERIFF GAMING TAX EVASION RULING

Thursday October 22,2015 : SHERIFF GAMING TAX EVASION RULING CONTAINS INTERESTING INFORMATION
 
Dutch court hears evidence allegedly implicating brothers Michel and Maurice Gregoire and Stijn Flapper in in some questionable practices.
 
The names of reportedly Sheriff Gaming - Bubble Group principals Michel and Maurice Gregoire and Stijn Flapper will have a familiar ring for InfoPowa readers following the police actions and shutdown of the company in 2013, and a sequel in a Dutch tax court in August 2015 makes equally interesting reading.
 
The redacted findings of the Zeeland West Brabant court tax evasion hearings have surfaced in the public domain and reveal evidence that Euro 13.5 million in taxes was owed based on revenues of Euro 46.7 million accrued by Bubble Group enterprises in the period 2008 to 2013.
 
But perhaps more intriguing is the evidence given by a Sheriff Gaming programmer whose name has been redacted; he (or she?) alleged that online jackpots offered by the company were deliberately designed not to hit.
 
This lack of integrity allegedly backfired under certain circumstances, giving punters a real chance to strike it lucky, and this unintended occurrence apparently made one [redacted] principal extremely angry. The programmer further alleged that in the event the punter was not paid in full anyway.
 
Jumping on the story this week, Dutch media surmised that the angry principal was probably Stijn Flapper, with one publication claiming insider information that jackpots were manipulated, fake winners were claimed, prizes went to family and friends, and that employees were instructed that in the unlikely event that a genuine punter scored they were to prevent any withdrawal of winnings.
 
Sheriff's confiscated assets - including its software - were subsequently sold by Dutch officials to Novomatic, which reportedly also employed some of the defunct company's staff - among them Flapper's wife Ellen. An attempt by a Flapper sibling to transfer Bubble Group assets to the then newly created Blue Gem Gaming group was thwarted last year by a Dutch Trade Tribunal intervention.
 
Michel and Maurice Gregoire and Stijn Flapper have yet to face trial on illegal online gambling and other charges.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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