The Malta Gaming Authority announced Tuesday it is suspending the authorization awarded to Genesis Global Limited. The move, which became effective on Monday and may be subject to an appeal by the company, comes after a few troubled months faced by the business, which in December filed for insolvency.
This sanction is being imposed upon the operator breaching Reg. 9 of the watchdog’s regulations. “The Authorised Person is thus no longer authorized to carry out any gaming operations, register new players or accept new customer deposits, and must continue collaborating with the Authority,” the MGA said.
The news comes as no surprise given the trouble last few months of the company, which wound up its operations in Malta in December, layi…
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