The Malta Gaming Authority (MGA) has taken away Genesis International Restricted’s on-line playing license. [Image: Shutterstock.com]
Genesis International Restricted formally now not has a Malta Gaming Authority (MGA) license. The regulator suspended the corporate’s license in January 2023 after it declared chapter the earlier month. The corporate knowledgeable about 140 staff within the days main as much as Christmas that they’d be dropping their jobs and won’t obtain any pay for December.
Genesis International as soon as managed 23 on-line playing platforms, together with the Sloty, SpinIt, and Kassu manufacturers.
present proof that it refunded gamers
Genesis was given one week from the date of the most recent judgment to pay any excellent charges to the MGA and to point out proof that it refunded gamers. It additionally has to right away take away any point out of holding an MGA license from its web sites.
Genesis International’s liquidator is working with the MGA to strive to make sure that gamers obtain any excellent balances. The corporate does have the flexibility to attraction the stripping of its license.
The Malta regulator has been busy to this point in 2024, suspending Rush Gaming’s allow for an unspecified cause and canceling Betago’s license.