#CasinoSecrets

Investigating the Offshore Online Gambling Industry

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The inclusion of a person, company, domain, or other entity in the CasinoSecrets database does not imply illegal or improper conduct. The data was extracted directly from relevant gambling authorities and official registers on the basis of a significant public interest and reflects information available up to August 2026.

Records may be incomplete, outdated, or contain errors from the underlying source systems. Please verify identities using company numbers, addresses, domains, licence details, or other identifying information before drawing conclusions. The database is intended to make information of significant public interest accessible for journalistic and research purposes. Individual records should be understood in the context of the underlying data and the reporting published alongside them.

Pao Chai Ventures B.V.

Gaming OperatorRegistered April 3, 2024
1
Applications
2
Domains
13
Related Entities
0
Locations

OGL/2024/1547/0827

Withdrawn
Submitted: October 8, 2024End Date: October 13, 2025

Customer

Contact
Steven Eisden
Email
bc@canarylabs.xyz
Company
Pao Chai Ventures B.V.

Review Timeline

Verification
SMSaura Maurera (CGA user 5)
Due Diligence
STSarah Tua (ST)
Due Diligence
AAAnton Axiaq (AAX)
Due Diligence
PWPhilippe Warzee (PW)
Due Diligence
AAAnton Axiaq (AAX)
Due Diligence
LCLuca Camilleri (LC)
Suitability
HSHilary Stewart Jones (HSJ)
Suitability
SBSimon Burden (SMB)
Approval
CPCedric Pietersz (Managing Director GCB)

Compliance Checklists

Application Verification ReviewCritical15 items
Question 17 -Information Management & ControlsQuestionCriticalDue Sep 18, 2024

Outsourced from a third party is selected and sub 17.1 is not filled. Kindly fill in and resubmit the form.

Outsourced from a third party is selected and sub 17.1 is not filled. Kindly fill in and resubmit the form.

Question 34 -Name contact personQuestionLowDue Sep 18, 2024

The name of the contact person is not the correct. The name must be the same as that of the portal user. Kindly change the name to the appointed contact person and resubmit the form.

The name of the contact person is not the correct. The name must be the same as that of the portal user. Kindly change the name to the appointed contact person and resubmit the form.

Question 36 -Passport numberQuestionLowDue Sep 18, 2024

Passport number is missing. Kindly fill in the passport number and resubmit the form.

Passport number is missing. Kindly fill in the passport number and resubmit the form.

Question 37 -Passport country of issueQuestionLowDue Sep 18, 2024

The passport country of issue of the contact person is missing. Kindly fill in country of issue and resubmit the form.

The passport country of issue of the contact person is missing. Kindly fill in country of issue and resubmit the form.

Question 38 -Address contact personQuestionLowDue Sep 18, 2024

The address of the contact person is not correct. Kindly fill in the full address of contact person and resubmit the form.

The address of the contact person is not correct. Kindly fill in the full address of contact person and resubmit the form

Question 39 -Email address contact personQuestionLowDue Sep 18, 2024

The email address is not correct. The email address must be that of the contact person in the portal. Kindly change the email address and resubmit the form.

The email address is not correct. The email address must be that of the contact person in the portal. Kindly change the email address and resubmit the form.

Declaration and Data Privacy -name contact personMiscellaneousCriticalDue Sep 18, 2024

The name of the contact person on the Declaration and Data Privacy form is not correct. Kindly fill in the name of the contact person on the Declaration and resubmit the Form.

The name of the contact person on the Declaration and Data Privacy form is not correct. Kindly fill in the name of the contact person on the Declaration and resubmit the Form.

Question 4 -Company tax numberQuestionLowDue Sep 18, 2024

The Company Tax ID Number is missing. Kindly fill in Company Tax ID Number and resubmit the form.

The Company Tax ID Number is missing. Kindly fill in Company Tax ID Number and resubmit the form

EnclosuresShare LedgerCriticalDue Jul 8, 2024

Share ledger

Share ledger of Walter Journey Tech Ltd, companies holding 10% or more shareholding in the applicant company is not provided. Kindly submit.

EnclosuresDirector's ListCriticalDue Jul 8, 2024

Directors list

Directors list of Walter Journey Tech Ltd, companies holding 10% or more shareholding in the applicant company, is not provided. Kindly submit

EnclosuresDirector's ListCriticalDue Jul 8, 2024

Directors list

Directors list of Walter Journey Tech Ltd, companies holding 10% or more shareholding in the applicant company, is not provided. Kindly submit

Enclosures -Articles of IncorporationArticles of IncorporationCriticalDue Sep 18, 2024

Articles of Incorporation of the Applicant Company, Pao Chai Ventures B.V., is missing some pages. It is not complete. Kindly resubmit the Articles of Incorporation.

Articles of Incorporation of the Applicant Company, Pao Chai Ventures B.V., is missing some pages. It is not complete. Kindly resubmit the Articles of Incorporation.

EnclosuresArticles of IncorporationCriticalDue Jul 8, 2024

Articles of Incorporation

Articles of Incorporation of Walter Journey Tech Ltd, companies holding 10% or more shareholding in the applicant company, is not provided. Kindly submit.

Benjamin Cowley -Civil statusQuestionLowDue Sep 18, 2024

The response to question 11 is missing. Kindly fill in question 11 and resubmit the form.

The response to question 11 is missing. Kindly fill in question 11 and resubmit the form.

Authorized RepresentativeMiscellaneousCriticalDue Jul 8, 2024

Personal History Disclosure Form and Enclosures of the Authorized Representative

Personal History Disclosure Form and Enclosures of the Authorized Representative, Steven Eisden are missing. Kindly download the appropriate form and submit.

Application Due Diligence ReviewCritical15 items
Corporate StructureMiscellaneousLowDue Oct 2, 2024

Resubmit the corporate structure signed by the director of the company.

Resubmit the corporate structure signed by the director of the company.

Share Ledger CertificationShare LedgerMediumDue Oct 2, 2024

Resubmit the share ledger duly certified.

Resubmit the uncertified share ledger duly certified.

Director's RegisterDirector's ListCriticalDue May 20, 2025

1. The representatives of another TSP submitted their PHDF. Clarify. 2. The representative of TSP Morganite Corporate Services BV is required to submit their PHDF. Submit. 3. The director's register is uncertified. Submit a certified copy of an updated official extract of the curacao commercial register clearly showing the directors of the company.

1. The representatives of another TSP submitted their PHDF. Clarify. 2. The representative of TSP Morganite Corporate Services BV is required to submit their PHDF. Submit.

QPA/2024/01600 - Benjamin Cowley - PHDFMiscellaneousCriticalDue May 20, 2025

The PHDF must be filled out, signed and verified digitally. Please resubmit.

The PHDF must be filled out, signed and verified digitally. Please resubmit.

QPA/2024/01600 - Benjamin Cowley - SOWSource of WealthCriticalDue May 20, 2025

Please submit a SOW along with certified supporting evidence in order to support the business.

Please submit a SOW along with certified supporting evidence in order to support the business.

QPA/2024/02809 - Ralitsa Dimitrova-Eide - PassportPassportCriticalDue May 20, 2025

Please provide a certified copy of the passport's first page and bio.

Please provide a certified copy of the passport's first page and bio.

QPA/2024/02809 - Ralitsa Dimitrova-Eide - Birth CertificateBirth CertificateCriticalDue May 20, 2025

Kindly submit a certified translation of the birth certificate.

Kindly submit a certified translation of the birth certificate.

QPA/2024/02809 - Ralitsa Dimitrova-Eide - Criminal RecordCriminal RecordCriticalDue May 20, 2025

Please submit a certified copy of the criminal record that is not more than six months old.

Please submit a certified copy of the criminal record that is not more than six months old.

Source of FundsSource of FundsCriticalDue May 20, 2025

The source of funds for the business operations appear to be provided through a loan agreement from Kelso Dunes Ltd. Submit the latest available audited financial statements/management accounts for Kelso Dunes Ltd.

The source of funds for the business operations appear to be provided through a loan agreement from Kelso Dunes Ltd. Submit the latest available audited financial statements/management accounts for Kelso Dunes Ltd.

Crypto ExchangeOperationsCriticalDue May 20, 2025

The site appears to allow players to exchange FIAT for crypto. Is the applicant duly authorised to provide such exchange services?

The site appears to allow players to exchange FIAT for crypto. Is the applicant duly authorised to provide such exchange services?

Crypto ExchangeOperationsCriticalDue May 20, 2025

The site appears to allow players to exchange FIAT for crypto. Is the applicant duly authorised to provide such exchange services?

The site appears to allow players to exchange FIAT for crypto. Is the applicant duly authorised to provide such exchange services?

AML PolicyMiscellaneousCriticalDue May 20, 2025

The AML policy must adhere to Curacao AML laws. Kindly amend.

The AML policy must adhere to Curacao AML laws. Kindly amend.

CGA Dynamic SealOperationsCriticalDue May 20, 2025

The registered domain must display the CGA's dynamic seal on the homepage footer. Please refer to the instructions on the following page for the proper display of the dynamic seal: https://portal.gamingcontrolcuracao.org/

The registered domain must display the CGA's dynamic seal on the homepage footer. Please refer to the instructions on the following page for the proper display of the dynamic seal: https://portal.gamingcontrolcuracao.org/

Other LicensesOperationsCriticalDue May 20, 2025

It was noted that the Curacao registered applicant company holds licenses from other jurisdictions. Please note that a Curacao registered entity cannot hold any gaming licenses other than a CGA license. Please surrender/transfer any other licenses immediately.

It was noted that the Curacao registered applicant company holds licenses from other jurisdictions. Please note that a Curacao registered entity cannot hold any gaming licenses other than a CGA license. Please surrender/transfer any other licenses immediately.

Server LocationServer LocationHighDue May 20, 2025

Question 16 of the OGLAF was not answered. Please specify the location of the servers and resubmit.

Question 16 of the OGLAF was not answered. Please specify the location of the servers and resubmit.