Updated at 7:41pm with government statement
A gaming company has laid off all its Malta-based workers after initiating proceedings in court to be declared insolvent.
Genesis Global Limited has permanently closed its operations in Malta as a result of the insolvency, while all its workers have been declared redundant.
The company had already laid off several workers in recent weeks, sparking fears among company staff that they wont be paid their December salary.
According to IGaming NEXT, workers were ordered to take all outstanding vacation leave.
Genesis Global Limited was fined 3.8m in January by the UK Gambling Commission and suspended from operating in Britain.
The company had already been suspended from operating in Britain back i…
Read the full article at: https://www.maltatoday.com.mt/news/national/120425/christmas_shock_for_150_laid_off_by_gaming_company1