Tag Archives: Genesis Global

Genesis Global third firm in a week to have licence revoked by MGA 

MGA

Another operator has had its authorisation taken by the Malta Gaming Authority in what has become a streak of business boot-outs.  Genesis Global Limited is the third business to have been ordered by the Maltese gambling regulator to cease all operations in the island nation due to undeclared breaches of the Gaming Compliance and Enforcement Regulations.  The operator was managing …

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BOS welcomes ‘GGR penalty revision’ on Genesis dispute

SBC News BOS welcomes ‘GGR penalty revision’ on Genesis dispute

Sweden’s  Supreme Administrative Court has sided with the challenge of Gambling Inspectorate Spelinspektionen in its legal dispute with multi-brand casino operator Genesis Global. However, in its judgement, the Administrative Court has ordered that the penalty fee levied against Genesis needs to be revised due to “ambiguities around the concept of turnover” and how the penalty was applied by Spelinspektionen.  Previously, …

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Genesis Global’s Malta business coming to a close as MGA suspends licence

SBC News Genesis Global’s Malta business coming to a close as MGA suspends licence

The Malta Gaming Authority (MGA) has suspended the licence of igaming solutions supplier Genesis Global, after the firm closed its business in the country towards the end of last year. Genesis will no longer be able to carry out gaming operations, register new players or accept any deposits in Malta, but must continue collaborating with the MGA post-suspension.  Just before …

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BGC delivers debut Gambling Anti-Money Laundering Group workshop

SBC News BGC delivers debut Gambling Anti-Money Laundering Group workshop

The Betting and Gaming Council (BGC) has completed the first Training Day for the Gambling Anti-Money Laundering Group (GAMLG), in a bid to drive high standards and encourage best practice. Topics of discussion during the day-long session was consideration of key emerging risks, best practice and developments, which the standards body stated was a reflection of ‘the diversity of compliance …

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Take a tour around the igaming world at CasinoBeats Summit 2022

SBC News Take a tour around the igaming world at CasinoBeats Summit 2022

CasinoBeats Summit 2022 is set to provide delegates with a whirlwind tour of the igaming world when the Global Casino conference track presents in-depth examinations of the latest developments in both emerging and established markets. The igaming industry conference and exhibition takes place on 24-26 May, when 2,000 delegates will gather at the InterContinental in St Julian’s, Malta to hear …

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Sweden’s Supreme Court to decide Genesis Global penalty dispute  

SBC News Sweden’s Supreme Court to decide Genesis Global penalty dispute  

Sweden’s Supreme Administrative Court, the nation’s highest-ranking court of appeal for legal challenges has notified gambling inspectorate Spelinspektionen and online operator Genesis Global that it will determine their penalty fee dispute.  In March 2019, three months following the launch of Sweden’s newly regulated online gambling marketplace, Genesis was fined SEK 4 million (€360,000) for failure to integrate its white-label brands …

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BetVictor hit with £2m UKGC fine for AML and responsibility flaws

SBC News BetVictor hit with £2m UKGC fine for AML and responsibility flaws

BV Gaming, which trades as BetVictor, has been handed a £2 million fine by the UK Gambling Commission (UKGC) for anti-money laundering, social responsibility and fairness failings.  A compliance assessment conducted in March 2020 uncovered failings in relation to licence conditions and code of practice, including a group AML risk assessment which did not meet the expected standard and which …

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SBC Magazine Issue 9: Esports future, online shift and Brazil betting soap opera

SBC Magazine

The future for esports betting, the regulatory soap opera in Brazil, a new COO for LeoVegas and how online gaming can drive the industry’s comeback are just some of the key topics in Issue 9 of SBC Magazine. Available to view online HERE, we start by analysing Sergey Portnov’s “calculated risk” approach to Parimatch leadership, before reflecting on how Carsten Koerl …

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SBTech to power the Genesis of a new sports betting brand

Genesis

Malta-based online casino owner Genesis Global is launching sports betting for the first time through a long-term partnership with SBTech. Genesis Global will add a sports betting brand to its portfolio of 10 casino brands, which includes Casino Cruise, SpinIt and Sloty. This new brand will provide players with a comprehensive offering, complete with engaging pre-match sportsbook content, casino content, …

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Spelinspektionen issues two new fines in bonus offer crack down

SBC News Spelinspektionen issues two new fines in bonus offer crack down

Swedish regulator, Spelinspektionen, has continued its crack-down on non-compliant operators offering recurring bonus offers on their sites after issuing two new fines to AG Communications and Genesis Global. In its most recent investigation, the gaming regulator has found that the two operators had been in contravention of the country’s gaming laws by informing their customers about the possibility of receiving …

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