Malta Gaming Authority Suspends Genesis Global's License
How did Genesis go bankrupt?
2022 Wasn’t a good year for Genesis. In January the UK Gambling Commission suspended their gaming license in addition to a €4.500.000 fine for social responsibility and money laundering failures. It’s the second time Genesis has their UKGC license suspended which explains the heavy fine they received.
In the beginning of December Genesis Global announced that it will leave the UK market. At the same time their chief executive also left his post. Only about two weeks later they filed for insolvency.
As reported by Times of Malta, Genesis sent a letter to all of its 140 employees, informing them about the bankruptcy and that it may not be able to pay their salary.
Government to help over 140 Genesis Global Employees after bankruptcy
The Maltese government published a statement, saying that it will help to find alternative jobs for all employees that lost their job at Genesis. The iGaming industry is quite big in Malta. So it shouldn’t be too hard for the employees to find a new job in the same industry.
Online Casinos operated by Genesis Global Limited
Genesis was operating 18 online casino sites: Genesis Casino, Kassu, Sloty, Casino Joy, Casino Cruise, Casino Gods, Spinit, Vegas Hero, Spela, Pelaa, Casoola, Casino Planet, Casino Dome, GenesisCasino ES, Casino Lab, Vegasoo, Playerz and Casino Masters.
All of these sites closed and you can’t even reach them anymore.
