MGA announces immediate cancellation of Genesis Global license

The B2C license of Genesis Global has been immediately revoked, as notified by the Malta Gaming Authority (MGA).

This comes after the business’s license was revoked in January of last year. It is implied by the cancellation that Genesis Global will be unable to use this license to provide gaming services going forward.

Now, all 23 of the company’s websites—including spinit.com, casinocruise.com, casinoplanet.com, and playerz.com—that are under its Malta license have to remain down.

Genesis has been given seven days to settle all outstanding fees by the MGA. In addition, the company must certify to the MGA that all player funds throughout its network are reimbursed seven days after the cancellation is announced. Moreover, Genesis Global is prohibited from mentioning its Malta license on any of its websites in the future.

Original story by: Asia Gaming Brief