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Industry
January 15, 2024
Malta Gaming Authority Cancels Genesis Global Authorisation
The Malta-based authority whose goal is to regulate different sectors of the gaming industry by guaranteeing fair and transparent gaming, preventing crime, and protecting minor and vulnerable players, Malta Gaming Authority (MGA), has published its decision to cancel Genesis Global Limited’s authorization. The only regulatory body entitled to govern all gaming activities in Malta made […]
Business
January 17, 2023
Genesis Global License Suspended by Malta Gaming Authority
The sanction from the gambling regulator in the country was announced Tuesday. A statement released by the MGA explains that the suspension of Genesis Global’s license is in effect as of January 16, 2023. MGA Suspends Genesis Global’s Authorization The Authority explained that the sanction was imposed after the company breached the regulations related to […]
Industry
December 28, 2022
Genesis Global Laid off 140 Employees, Filed for Insolvency
Malta-based gaming firm Genesis Global presented its local employees with an unexpected Christmas present, informing them that they have become redundant just two days before the festive period. Notice for Christmas Present Around 140 employees received an e-mail on Friday telling them that Genesis Global has filed for insolvency and, as the firm is permanently […]
Industry
December 6, 2022
Genesis Global Parts Ways with CEO Reem, Allegedly Exits the UK
Leading, mobile-first global gaming operator Genesis Global has parted ways with its chief executive officer, Ariel Reem. Reem, who is also one of Genesis’ founders, will depart after almost a decade as the head of the company. Ariel Reem Exits the Company Genesis Global was co-founded by Reem and several other influential businessmen back in […]
Industry
January 27, 2022
UKGC Issues a $5 Million Fine to Genesis Global, Aims to Keep Players Safe
The UK Gambling Commission (UKGC) has issued a $5 million (£3.8 million) fine to Genesis Global after it uncovered breaches in both social responsibility and money laundering. The commission also warned the gambling industry that it will use all necessary tools to make sure that customer safety is kept at the highest level. This comes […]
Legal
June 4, 2021
Court of Appeals Ruling Reduced Sanctions for Genesis and Aspire
Penalties dished to Genesis Global and Aspire Global by Swedish gambling regulator Spelinspektionen for failing to comply with self-exclusion requirements were reduced by Sweden’s Court of Appeals. Self-Exclusion Failings Can Be Costly The Swedish gambling regulatory body sanctioned Genesis Global in March 2019 and Aspire Global in April the same year, SEK4 million ($480,000) and […]