Online gambling operator Genesis Global is set to resume its UK based operations after having its license suspended by the UK Gambling Commission earlier this year.
The UKGC’s recent decision to lift Genesis’ license suspension will enable the operator to reoffer many of its brands in the UK’s online gambling market after being forced to suspend all of its UK based operations following its license suspension. Many of its casino sites can now be relaunched in the UK and these include Casoola Casino, Kassu, Casino Joy, Genesis Casino, Vegas Hero, Spinit, and many more.
Earlier this July, the United Kingdom’s Gambling Commission called for an Interim suspension of Genesis Global Limited’s operating license as it reviewed the gaming operator’s activities. The Commission has brought about this suspension due to several compliance breaches. The regulator focused on the UK’s Gambling Act particularly in section 116(2)(a) and section 116(2)(c)(i)) with respect to Genesis Casino Global’s breaches of the law. The regulator pushed for the review of the company’s license as it had reason to suspect that the company had operated in various activities that have been performed in reliance on the license but not in accordance with its conditions, all stipulated in Section 116(2)(a). Also, section 116(2)(c)(i)) allows the regulator to review any operator if it suspects them as unsuitable for licensed operations.
The suspension was announced in July 20, 2020, and required the gaming operator to halt operations and activities of all the websites it offers in the UK while the review was being conducted. Before the suspension, Genesis Global held a combined Remote Operating License from the UK Gambling Commission, which allowed the operator to provide many online gambling services such as real event betting, virtual betting, and casino services in the UK market. Following the suspension, all of the Genesis’ sites and offerings were deemed illegal in the UK.
Genesis Global went on to immediately express its intention to work with the UKGC to appeal for its reconsideration. During this process, the operator explained that it was subject to the regulator’s routine compliance assessment earlier this July. It explained that it had gone under similar reviews during its time as an operator without any adverse findings. However, this time was different as the regulator decided to suspend its UK operating license to conduct additional reviews. After seeking independent legal advice, the operator expressed that the decision was disproportionate and inconsistent with the regulator’s previous reviews. Despite the operator’s initial disappointment with the suspension, it sought to fully cooperate with the commission.
Genesis Global chief executive officer, Ariel Reem, commented on this recent news. He said that the company is pleased with its recent UK license’s development and that this is the result of its intensive work and dedication over the last few months. He also went on to highlight that this lifting is a clear testament to the company’s commitment to both UK regulations and its customers.
In recent months, the United Kingdom’s Gambling Commission has launched a number of similar license reviews and hit many operators with fines and these include gaming operators such as Stakers Ltd and FSB Technology. The latter firm has agreed to pay £600,000 for fines against advertising, money laundering, and social responsibility failings on behalf of 3 third-party licenses held by the operator.