Malta Gaming Authority suspends Genesis Global licence

The Malta-based igaming operator has begun insolvency proceedings.

Malta.- The Malta Gaming Authority (MGA) has suspended the licence of operator Genesis Global. It began insolvency proceedings to wind up the business before Christmas.

With the business coming to an end, the Malta Gaming Authority said it had breached Malta’s gambling regulations, which state that an operator that is “bankrupt, insolvent or is being wound up” may not hold a licence.

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.”

Early in December, Genesis Global announced that it would leave the UK online gambling market. It had seen its licence suspended in 2020, but the licence was reinstated on appeal. Chief executive Ariel Reem also announced that he was leaving the business, without saying why.