Genesis Global Ltd. Stripped of Malta Gaming Authority License

Genesis Global Limited, a prominent international gaming company focused on mobile platforms, has had its license officially revoked by the Malta Gaming Authority (MGA). This marks the third operator to face a suspension of operations in Malta due to undisclosed violations of the Gaming Compliance and Enforcement Regulations. The firm managed several sites under its license, including Casinojoy.com, Genesiscasino.com, Sloty.com, Spinit.com, and Vegasoo.com.

As a result of the license cancellation, the company is required to repay any outstanding payments to players and the MGA within 7 days of the order, issued on January 11. The initial suspension of Genesis’ license occurred in January 2023, with employees receiving notice of the firm’s insolvency a month prior. In a related development, Rush Gaming, operator of Onebet.com and Fansbet.com, was also ordered to cease all B2C operations in the region following the termination of its professional relationship with Betago. These actions are part of the MGA’s strategy to uphold global gambling standards and ensure secure gambling environments.

In 2021, Genesis Global Ltd. faced regulatory issues in the UK market, resulting in a £3.8m fine and additional licensing conditions imposed by the UK Gambling Commission due to “significant social responsibility and anti-money laundering failures.” The Malta Gaming Authority, responsible for licensing and regulation of gaming operators, is dedicated to ensuring the integrity of games, protection of minors and vulnerable persons, and the security of player funds. While the MGA cannot compel operators to return voluntarily placed and lost stakes, it can provide assistance in enforcing deposits and real winnings and assist in dispute resolution with players and licensees when necessary.