Pi Network - auto mobile mining: Join now and be one of the pioneers!!


Bitcoin-related companies have been flooding the English Premier League recently. However, for Wolverhampton Wanderers FC (Wolves), their latest sponsorship deal with CryptoMillionsLotto, a lottery which pays gamblers a reward in Bitcoin, has the company’s CEO being scrutinized.

According to a report from local English news source the Mirror, the partnership may be under review based on previous business practices. It is alleged that CEO Sulim Malook does not have a UK gambling license and that his former business, Fat Cat Gaming, failed miserably.

Looking deeper into the company and its website, a few other red flags have been raised. Additionally, the business practices of Fat Cat Gaming caught the ire of angry bloggers that claimed they were encouraged to promote the game in India in exchange for shares, which were either worth very little and difficult to cash in.

Wolverhampton Wanderers

Wolverhampton Wanderers

English Premier League Football’s Sketchy Partnerships

The report from the Mirror outlines that Malook does not have a UK gambling license, which he confirmed to the news outlet, saying,

“I have done a contract with Wolves and signed it on behalf of our company (Ofertas365). I have paid them. A lot of people are very happy with it and I am happy with it, We don’t have a UK gambling license but we aren’t doing business in the UK.”

At the onset of the partnership, there did not seem to be much concern from Wolves as Steve Morton, head of corporate sales at Wolves, said:

“We’re delighted to partner with Crypto Millions Lotto, an ambitious company that is keen to increase its exposure with the help of Wolves’ global reach across various platforms. We’re also excited to develop our relationship, which will also see the Wolves brand reach new audiences in Eastern Europe and South America.”

Crypto Millions Lotto

Crypto Millions Lotto

Dodgy Business Practices

However, if the lack of a UK gambling license is not such an issue for Wolves or Malook, the football club may be inclined to examine concerns that were raised when Fat Cat Gaming failed.

Fat Cat Gaming was launched in 2015 by a crowd-funding platform FundedByMe with an investment of £8,500 in return for a one percent stake, according to the Mirror.

It promised users a free-to-play mobile game, called Lucky 6, but all hyperlinks to its sites have been disabled. This also ties in with a promotion plan in India, which yielded nearly no return for bloggers.

What is also of concern to those who win big through Crypto Millions Lotto, is that in the terms and conditions, it is explained that with pay-outs for ‘large winnings,’ there could be a suspension of the pay-out for up to two years dependant on its insurance partner Lloyds.

It is also being reported that officials from the club have since gone back to the outside agency, who recommended the company as a sponsor.

Images courtesy of Shutterstock.

Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!

No Comments

Be the first to start a conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Pi Network - auto mobile mining

Become one of the pioneers!!

Random Posts


"Your Headline Here How I Made $4947 In 1 Month"

Lorem pretium lorem orci elit nunc imperdiet nec vel sit pretium hendrerit amet nec orci gravida gravida sapien purus massa

Quick Bio About Me

mypicmeLorem proin accumsan accumsan volutpat ut nullam odio eleifend libero quisque ipsum gravida eleifend dolor nunc sagittis venenatis orci eleifend lorem quisque venenatis non sagittis sagittis ipsum nunc.

lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris ornare congue lacinia auctor lorem quis quis lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris


  • Resource 1

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

  • Resource 2

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

Random Blog Posts

© 2021 Cryptoracle.info - Crypto News