Intelligent Innovations N.V.142065
OGL/2024/767/0360Curaçao Gaming Authority
Verbenaz LimitedHE 385376

The rebrand is official. The old brand is still inside the new site.
The operator and licence are clear. The predecessor identity still leaks through the new brand.
FS Casino has a current legal identity we can verify.
Its English Terms identify Intelligent Innovations N.V., Curaçao company 142065, as the company providing and licensing the service. The live Curaçao Gaming Authority certificate independently confirms fs.casino, the same company number and licence OGL/2024/767/0360, currently Active.
Payments are disclosed separately through Verbenaz Limited, Cyprus company HE 385376.
Then we followed the brand backwards.
V.Partners has publicly confirmed the transition:
VulkanBet → FS Casino
The predecessor was not sitting on an unrelated legal structure. Indexed VulkanBet pages show the same Intelligent Innovations N.V. + Verbenaz Limited + OGL/2024/767/0360 stack now displayed by FS Casino.
So the operator continuity is unusually strong.
The content migration is not.
Live pages on fs.casino still say VulkanBET. Another current tournament says VulkanBet. The popular-games page still promotes Book of Vulkanbet. And deep inside the current Terms, the KYC section defines the website as “Vbet.”
Those leftovers do not create a second operator. They create something more mundane and more revealing: the rebrand reached the logo before it reached every document and content surface.
The launch date has the same identity problem. FS Casino currently says it was launched in 2026. V.Partners lists Launch year: 2016.
The official VulkanBet rebrand makes the likely explanation obvious: one date refers to the new identity and the other to the product lineage. But the network does not explain that distinction on the checked brand page.
There is another layer behind the old name. The Canadian trademark VULKANBET & Design is registered to DAREOS LTD in Cyprus, not Intelligent Innovations N.V. That does not make DAREOS the owner of FS Casino. It shows why brand IP and casino operation must be tracked as different legal relationships.
And the welcome bonus is easier to dissect than the brand history. FS currently advertises up to €1,000 + 400 free spins across four deposits. Maxing the €1,000 cash component requires about €852.27 in deposits and creates €40,000 of cash-bonus wagering at x40, before separate x40 wagering on free-spin winnings.
The clause we would read most carefully is not the headline. The current Bonus Policy says a max-bet violation while wagering can result in cancellation of all real and bonus balances and/or account closure, at the site's discretion.
Sherlock verdict: FS Casino's current operator and exact-domain licence are verifiable. The more interesting story is continuity: VulkanBet became FS Casino without changing the core operator stack, yet the old identity remains visible across tournaments, game copy and even KYC wording. The player contract also deserves more attention than the “fast payouts” headline suggests.
The legal stack continued through the rename; the content migration did not fully finish.
Intelligent Innovations N.V.142065
OGL/2024/767/0360Curaçao Gaming Authority
Verbenaz LimitedHE 385376
Intelligent Innovations N.V.142065
OGL/2024/767/0360Curaçao Gaming Authority
Verbenaz LimitedHE 385376
This relationship is not an inference.
V.Partners publicly announced:
VulkanBet → FS Casino
The rename was part of the same 2026 transition that moved VulkanSpiele to FieryPlay and VulkanVegas to V.Vegas.
More importantly, old VulkanBet pages show the same operating structure now used by FS:
VulkanBet
↓ operated by
Intelligent Innovations N.V. — 142065
↓ licence
OGL/2024/767/0360
↓ payment agent
Verbenaz Limited — HE 385376
That gives us strong continuity through the rebrand.
What it does not prove is that every account, balance, contract or personal-data relationship transferred unchanged. Those migration mechanics remain an open question.
Relationship status: REBRANDED_FROM — CONFIRMED
Tournament, game-copy and KYC surfaces still expose VulkanBet/Vbet wording.
Current fs.casino identity
Predecessor name remains on fs.casino
Predecessor name remains on fs.casino
KYC section defines the Website using a stale label
Predecessor-branded game wording on current popular-games page
A clean rebrand should eventually stop calling itself by the old name.
FS Casino has not reached that point everywhere.
A live FS tournament page says:
with VulkanBET you can go anywhere
Another current tournament says:
VulkanBet ignites a tournament weekend
The current popular-games page refers to:
Book of Vulkanbet
The current Terms contain a KYC section that defines:
“the website Vbet”
The legal operator shown elsewhere in the same Terms is Intelligent Innovations N.V., so Sherlock is not treating “Vbet” as another operator.
Our conclusion is narrower:
The FS Casino rebrand is official, but predecessor-brand and template residue remains live across both editorial and contractual surfaces.
Evidence status: REBRAND / CONTENT MIGRATION DRIFT
Both labels are live; the predecessor lineage provides a plausible explanation, not a verified single launch date.
LINEAGE INTERPRETATION SUPPORTED · SINGLE LAUNCH DATE NOT VERIFIED
Two current pages give FS two very different ages.
FS Casino first-party page: launched in 2026
V.Partners profile: Launch year 2016
The VulkanBet → FS Casino transition gives the most coherent explanation: V.Partners may be carrying forward the underlying predecessor history while FS describes the new brand identity.
That is an interpretation, not a fact published by the network.
Sherlock therefore records both labels and refuses to turn either one into a single fake “founded” date.
Evidence status: FIRST-PARTY DATE DRIFT / LINEAGE INTERPRETATION SUPPORTED
Trademark ownership of the predecessor brand is not proof of ownership of FS Casino or Intelligent Innovations N.V.
The Canadian trademark record for VULKANBET & Design lists:
That creates another useful relationship:
VulkanBet brand IP → DAREOS LTD
while the gambling-operation trail points to:
VulkanBet / FS Casino operation → Intelligent Innovations N.V.
This does not prove that DAREOS owns Intelligent Innovations or FS Casino.
It proves why Sherlock separates:
BRAND IP
from
CASINO OPERATION
A logo can belong to one company while gambling services are provided by another.
The current graph is:
FS Casino
→ OPERATED BY → Intelligent Innovations N.V.
→ LICENSED UNDER → OGL/2024/767/0360
FS Casino
→ PAYMENTS MANAGED BY → Verbenaz Limited
FS Casino
→ REBRANDED FROM → VulkanBet
VulkanBet
→ TRADEMARK REGISTERED TO → DAREOS LTD
FS Casino
→ AFFILIATE PROGRAM → V.Partners
That last edge connects FS commercially to other reviewed V.Partners cases such as Verde Casino, Hit'n'Spin, Slotoro Casino and FieryPlay Casino.
It does not make them the same operator.
And under the evidence checked for this file, Sherlock has not yet established another current casino domain under Intelligent Innovations N.V. strongly enough to publish a same-operator sibling cluster.
The live exact-domain CGA certificate states:
Sherlock Verified: the exact-domain Curaçao licence is active at the time of our check.
That does not turn a Curaçao licence into local authorisation in every country.
The current FS Terms restrict a long list of jurisdictions. V.Partners publishes a separate traffic-restriction list for affiliates.
The lists are not identical.
For example, the checked Terms include India, Ontario, Saba and St Eustatius. V.Partners' public list includes Switzerland, which is absent from the checked Terms restriction clause.
The correct conclusion is not “the missing markets are accepted.”
It is:
PLAYER TERMS ≠ AFFILIATE TRAFFIC RULES ≠ LOCAL LICENSING
Sherlock did not receive a publisher-side accepted-GEO dataset for FS Casino in this case, so we do not manufacture one.
The exact-domain Curaçao certificate is active. Player eligibility, affiliate traffic controls and local licensing remain separate questions.
Examples present in the checked player restriction clause but not mirrored on the public affiliate list.
Example present on the checked public traffic list but absent from the checked Terms clause.
No reviewed publisher-side accepted-GEO dataset was supplied for FS Casino in this case pass.
NO REVIEWED COMMERCIAL GEO SET€1,000 is the headline. €40,000 is the cash-bonus turnover when maxed.
FS Casino's current welcome pack covers four deposits:
€250 / 1.00 = €250.00€250 / 1.10 ≈ €227.27€250 / 1.20 ≈ €208.33€250 / 1.50 ≈ €166.67€250 + €227.27 + €208.33 + €166.67 ≈ €852.27 deposits€1,000 × 40 = €40,000 cash-bonus wageringAdvertised total: €1,000 + 400 FS
To max each €250 cash stage:
Total deposits required: ≈ €852.27
Cash bonus credited: €1,000
Cash-bonus wagering at x40: €40,000
Current FS casino content says free-spin winnings also carry x40 wagering.
Activation window: 5 days from registration
Bonus wagering window: 5 days unless stated otherwise
Cash wagering: x40
FS winnings wagering: x40
Matched-cash conversion cap: 3× qualifying deposit
Promotional FS conversion cap: €100 on the checked offer
Maximum casino-bonus bet: €5 or currency equivalent
And then comes the enforcement clause.
FS Casino's current Bonus Policy states that violating the maximum-bet rule can lead to cancellation of all player balances — real and bonus — and/or account closure, at the discretion of site administration.
Separate bonus-abuse wording also gives the site the right to void a player's real-money balance.
Headline: comparatively simple
Wagering: HEAVY
Time pressure: HIGH
Conversion caps: MATERIAL
Enforcement wording: AGGRESSIVE
The useful question is not just “how big is the bonus?”
It is what contractual power remains after you accept it.
Marketing speed and contractual maximums answer different questions.
Published identity-review threshold.
Withdrawals follow the published same-method rule.
Published fraud-check delay for this funding route.
20% withholding may apply under ambiguously worded low-turnover condition.
At least 20x total deposits can trigger a €5,000 per 30-day withdrawal limit.
up to 30 days for $15,001+
Published per-transaction Visa/MasterCard withdrawal maximum.
FS Casino markets Fast payouts.
Another current first-party page says e-wallets and cryptocurrencies are often completed within 24 hours while cards and bank transfers may take 2–5 business days.
Then the Terms show the contractual ceiling.
Up to $300: 2 days
$301–$1,500: 5 days
$1,501–$15,000: 14 days
$15,001+: up to 30 days
The same Terms also allow:
These provisions do not mean every payout takes weeks.
They mean the marketing speed and the contract's maximum rights are different things.
Evidence status: CURRENT CONTRACT TERMS
Additional and risk-based verification may be required for geography, sanctions, suspicious activity, devices and payment behaviour.
The USD 1,000 amount is a published trigger, not the only circumstance in which verification can be required.
The current KYC section uses a stale website label. This is document-control evidence, not an alternate current casino or operator claim.
For withdrawal requests of USD 1,000 or more, the Terms say the player identification procedure must be carried out and additional documents may be requested.
The broader KYC section is risk-based and allows verification under additional triggers involving geography, sanctions, suspicious activity, devices and payment behaviour.
And this is the same KYC section that still calls the website Vbet.
So the verification policy gives us both a player-impact rule and one of the clearest migration leftovers in the whole file.
The current Customer Complaints Policy says formal complaints must be submitted within six months of the relevant incident.
Published handling windows:
Acknowledgement: within one week
Resolution: up to 4 weeks
Complexity extension: one additional 4 weeks
Responsible-gambling complaint: within 5 business days
The page also says the CGA does not intervene in individual player/operator disputes, although suspected regulatory breaches may be reported.
Unlike Hit'n'Spin, Sherlock did not find a second fixed complaint deadline in the current General Terms that directly contradicts this six-month rule.
Poor · 5 reviews · 100% one-star · unclaimed profile
small sample anecdotalOpen Trustpilot snapshotHigh · user feedback Mixed · 14 reviews · 2 complaints referenced
third party methodologyOpen Casino Guru snapshotThird-party reputation data looks contradictory until you ask what each source measures.
At our check, the unclaimed FS profile showed:
2.6 / Poor
5 reviews
100% one-star in the displayed distribution
Recent allegations focus on verification, withdrawals and account blocking.
Five reviews is a tiny, self-selected sample.
At the same time, Casino Guru showed:
8.0 / High Safety Index
Mixed user feedback
14 user reviews
Its review says its team did not find unfair or predatory Terms during its assessment and currently references two complaints.
These metrics do not measure the same thing.
Sherlock will not average them.
The direct-review sample is tiny and sharply negative; the methodology-based Safety Index is high while user feedback remains mixed. Public KYC/withdrawal allegations deserve attention, but they are not proof of systematic non-payment.
Evidence status: DIVERGENT THIRD-PARTY SIGNALS
VULKANBET & Design Canadian trademark filed by DAREOS LTD.
VERIFIED GOVERNMENT IP RECORDCurrent Intelligent Innovations OGL shown as granted.
REGULATOR VERIFIEDIndexed VulkanBet pages show the Intelligent Innovations / Verbenaz / current OGL stack.
HISTORICAL FIRST-PARTYCanadian VULKANBET trademark registered.
VERIFIED GOVERNMENT IP RECORDV.Partners formally announces VulkanBet → FS Casino.
VERIFIED NETWORK FIRST-PARTYCurrent FS page says the platform launched in 2026.
FIRST-PARTY CLAIMV.Partners FS profile lists launch year 2016.
NETWORK CLAIMSherlock re-checks the current operator, residue, bonus, withdrawals, markets and reputation.
SHERLOCK CHECKVulkanBet became FS Casino, but VulkanBET, VulkanBet, Book of Vulkanbet and Vbet remain live on the new domain.
Severity: document/content control
Status: confirmed first-party residue
A €5 max-bet violation while wagering can trigger cancellation of real and bonus balances under the published Bonus Policy.
Severity: player-value / contract
Status: confirmed current terms
The Terms reserve windows up to 30 days, a low-turnover withholding clause and other withdrawal restrictions.
Severity: liquidity / contract
Status: confirmed current terms
The file still has open edges:
These are leads, not conclusions.
Who are the directors, shareholders and beneficial owners of Intelligent Innovations N.V.?
OPEN LEADWhat primary corporate evidence establishes the Intelligent Innovations / Verbenaz shareholder relationship?
OPEN LEADWhat is the legal or commercial relationship between DAREOS LTD's VulkanBet IP and Intelligent Innovations N.V.?
OPEN LEADWhat exact account, balance and personal-data migration rules applied when VulkanBet became FS Casino?
OPEN LEADWhy does the current KYC section refer to Vbet?
OPEN LEADWhy does FS say launched in 2026 while V.Partners lists launch year 2016?
OPEN LEADWhich other current casino domains, if any, are operated by Intelligent Innovations N.V.?
OPEN LEADNo publisher-side accepted commercial GEO set has been reviewed for this case.
OPEN LEADFS Casino passes the basic identity test.
We can identify the current operator. We can verify the exact-domain licence. We can identify the payment agent. And we can independently confirm the affiliate network.
The interesting file begins one layer deeper.
FS Casino is the official successor to VulkanBet and retains the same core operating stack. But pieces of the old brand remain live on the new domain — including inside the current KYC wording. The predecessor trademark points to yet another legal entity, showing that brand IP and gambling operation are not the same question. The welcome bonus produces €40,000 of cash-bonus turnover when maxed, while its enforcement terms can reach real-money balances. And “Fast payouts” sits beside contractual approval windows that can stretch to 30 days at the highest band.
None of that proves fraud.
It does show why a rebrand should be investigated as lineage, operator, licence, IP, contract and account continuity — not treated as a new logo with a reset history.
Sherlock status: OPERATOR VERIFIED · LICENCE ACTIVE · REBRAND VERIFIED · PREDECESSOR RESIDUE FOUND · BRAND-IP EDGE VERIFIED · BONUS/WR TERMS REVIEWED · ACCOUNT-MIGRATION DETAILS OPEN
17 source records · primary evidence visually outranks corroborative inputs.
Primary evidence includes FS Casino's current Terms, bonus pages, Bonus Policy, Customer Complaints Policy and About Us page; the live Curaçao Gaming Authority certificate; V.Partners' current FS profile and official rebrand announcement; current/indexed VulkanBet first-party pages; current FS pages retaining predecessor-brand copy; and the Canadian VULKANBET trademark record.
Third-party review platforms are used only as reputation signals and are not promoted to verified allegations.
Last checked: 24 August 2026.
fs.casino · CHECKED 24 AUG 2026
fs.casino is currently operated by Intelligent Innovations N.V., company 142065.
Current fs.casino surfaces still contain VulkanBET, VulkanBet, Book of Vulkanbet and Vbet predecessor/template wording.
OPERATED BY · VERIFIED
PAYMENTS MANAGED BY · VERIFIED
fs.casino · CHECKED 24 AUG 2026
fs.casino · CHECKED 24 AUG 2026
Maxing the €1,000 cash welcome component requires approximately €852.27 in deposits and creates €40,000 in cash-bonus wagering at x40.
fs.casino · CHECKED 24 AUG 2026
Maxing the €1,000 cash welcome component requires approximately €852.27 in deposits and creates €40,000 in cash-bonus wagering at x40.
fs.casino · CHECKED 24 AUG 2026
fs.casino · CHECKED 24 AUG 2026
fs.casino · CHECKED 24 AUG 2026
AFFILIATE PROGRAM · VERIFIED
fs.casino · CHECKED 24 AUG 2026
Current fs.casino surfaces still contain VulkanBET, VulkanBet, Book of Vulkanbet and Vbet predecessor/template wording.
fs.casino · CHECKED 24 AUG 2026
Current fs.casino surfaces still contain VulkanBET, VulkanBet, Book of Vulkanbet and Vbet predecessor/template wording.
fs.casino · CHECKED 24 AUG 2026
Current fs.casino surfaces still contain VulkanBET, VulkanBet, Book of Vulkanbet and Vbet predecessor/template wording.
FS first-party content says launched in 2026 while V.Partners lists launch year 2016.
v.partners · CHECKED 24 AUG 2026
FS first-party content says launched in 2026 while V.Partners lists launch year 2016.
AFFILIATE PROGRAM · VERIFIED
linkedin.com · CHECKED 24 AUG 2026
V.Partners officially renamed VulkanBet to FS Casino in 2026.
AFFILIATE PROGRAM · VERIFIED
REBRANDED FROM · VERIFIED
Published files connected by reviewed structured relationships. A link reveals evidence already in the graph; it does not create a new relationship.
