The Malta Gaming Authority has decided to cancel the authorisation awarded to Genesis Global Limited (the ‘Authorised Person’), bearing reference numbers MGA/CRP/314/2015, effective as of 11 January 2024.
This is being done in terms of regulation 10 (1) (a) with direct application of reg. 9 (1) (c), (d), (f), (i), (l) and (m) and regulation 10 (1) (b) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) (the ‘Regulations’).
Pursuant to the foregoing decision, the Authorised Person is hereby being directed to:
- Settle all outstanding fees that are due to the Authority within a period of seven (7) working days from the effective date referred to above;
- Submit to the Authority a transaction report extracted from their back-end system together with the supporting bank statements, attesting that all player funds have been duly remitted to the registered players, within a period of seven (7) working days from the date of receipt of this letter;
Provided that the Authority shall reserve the right to request the Authorised Person to provide the necessary facilities to the Authority in order for the latter to extract and make copies of the relevant data, including but not limited to, essential regulatory data as defined in the Gaming Definitions Regulations (S.L. 583.04). - Remove, with immediate effect, any reference to the Authority and the authorisations in accordance with article 51 of the Gaming Act (Chapter 583 of the Laws of Malta) (the ‘Act’).
The MGA is actively collaborating with the appointed liquidator, assisting it where necessary in its endeavour to remit all player funds under the MGA Licence accordingly.
This decision is being published in terms of the provisos to regulation 12 of the Regulations and may be subject to appeal in terms of article 43 of the Act.