The Malta Gaming Authority (the ‘MGA’) is suspending the authorisation awarded to Genesis Global Limited (the ‘Authorised Person’), holder of MGA licence MGA/CRP/314/2015, effective as of 16 January 2023 in terms of reg. 8 (1) (f) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) (the ‘Regulations’).
This sanction is being imposed upon the Authorised Person for having breached Reg. 9 (1) (f) of the Regulations since the Authorised Person is being wound up. The Authorised Person is thus no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, and must continue collaborating with the Authority.
This decision may be subject to an appeal in terms of article 43 of the Gaming Act (Chapter 583 of the Laws of Malta).