Troubled igaming operator Genesis Global has laid off all of its employees, telling them it may not be able to pay their December wages, and begun insolvency proceedings, just two days before Christmas.
As reported by the Times of Malta, Genesis Global sent a letter to all of its 140 employees on 23 December, informing them that they would be made redundant.
Earlier this week, the company initiated proceedings in the courts of Malta to be declared insolvent, the letter said. As a consequence, this has unfortunately resulted in your position being declared redundant.
The letter added that the company may not be able to pay all of any of the dues that are due to you in terms of law. This, it said, included December salaries as well as not…
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