Thursday May 30, 2013 : AGCC INITIATES INVESTIGATION INTO SHERIFF GAMING PARENT COMPANY (Update)
Following large-scale investigation by Dutch authorities
The Alderney Gambling Control Commission has initiated a special investigation into B2B licencee Bubble Group BV, a subsidiary of Bubble Group Capital B.V. trading as Sheriff Gaming.
Bubble Group BV is certified by the AGCC as a foreign gambling associate certificate holder offering gambling services on a B2B level.
The commission said it noted reports of investigations that have been commenced in the Netherlands against Bubble Group BV and individuals connected with Bubble Group BV prompting its own investigation to confirm that the basis on which the company and its sponsors were approved remain correct.
The large-scale investigation the commission refers to involved over 150 investigators from the Dutch Prosecuting Authority, Kansspelauthoriteit Gaming Commission and Dutch Tax Authority involving three successful young millionaires suspected of being involved in drug trafficking, money laundering and illegal gambling
Michel Gregoire (32), Maurice Gregoire (34) and Stijn Flapper (34) are in the public eye following what was termed as a "massive" raid on homes, businesses and bank accounts last week reports crime website camilleri.nl.
Through the company Teletick BV, with annual sales of tens of millions, the trio's involvement is being investigated with regard to the operation of seven online gambling websites named as Casino Amsterdam, Amsterdams Poker, Fruit Luck, Tanzoo, Jackpot Red, Triple Gold, Golden Ten, and Tanzoo.
85 000 gamblers are said to have visited these websites on a monthly basis, which shut down operations as news of the raid broke.
Over 100 bank accounts, 5 companies in Eindhoven, 20 cars, 80 houses and business premises in the Netherlands, Belgium, Germany and Spain are under scrutiny authorities said.
Advocate Annette Mak acting on behalf of the three men said the trio denied all accusations in "this exaggerated" justice action which could ultimately prove to be detrimental to their business interests and the employees of those interests.
Stijn Flapper who owns shares in Teletick BV also owns the Bubble Group BV. He is said to have amassed a fortune of Euro 11 million and is placed 34th on the list of 100 richest young entrepreneurs in the Netherlands.
The Gregoire brothers are placed 91st and 92nd with Euro 3 million each.
Arrests have yet to be made.