Malta Suspends Genesis Global License

This story was published more than 1 year ago.

Malta's gaming regulator the Malta Gaming Authority announced that they've suspended the license of Genesis Global, a formality for the insolvent gaming operator that announced they were closing shop late last month.

Genesis announced that it was going insolvent on December 23rd, revealing that all staff were being laid off and that they may not be able to pay wages due. This came shortly after the company's CEO Ariel Reem said he was leaving and Genesis left the UK gambling market.

The MGA found Genesis to be in violation of the country's gaming laws, as a company that's "bankrupt, insolvent, or being wound up" cannot hold a license through the MGA.

In a statement the MGA said, "The Authorised Person is thus no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, and must continue collaborating with the Authority."

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About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.