WILLEMSTAD - The court in Curaçao revoked the verdict in which the company behind 1xBet was declared bankrupt. This happened more than two weeks after the bankruptcy verdict. In November 2021, the General Court ruled in the case.

The organization SBGOK filed a lawsuit against 1xCorp, the company behind the well-known gambling site 1xBet. SBGOK is committed to online gamblers who are disadvantaged by online casinos licensed in Curaçao.

On November 17, the judge ruled that the company had failed to meet its payment obligations. It now appears that the verdict was quashed more than two weeks later. The recovery order states that 1xCorp did not cease to pay its customers.

During the hearing in December, 1xCorp stated that it was wrongly declared bankrupt. According to the company, not all of the players who had filed complaints would have a claim. 1xCorp also raised questions about the fact that SBGOK was acting on behalf of the affected players. In addition, the foundation was accused of misuse of powers, because 'the applicant cannot expect any positive consequences from the bankruptcy'.

SBGOK stuck to its stance and named several creditors who received no response from the company. The appointed trustee confirmed that 1xCorp is behind the websites 1x.bet.com, 1xbit.com and betandyou.com and that there has been an increase in players reporting fraud. The foundation has appealed against the annulment of the bankruptcy. The hearing date is not yet known.