An absolute shocker just came in amidst what has been happening these past few weeks in the gambling scene. Regulatory figures aren’t cutting us a slack here much like what happened to Slotty Vegas.
It seems to be the turn of Genesis Global Limited to take the hit this time as the UK Gambling Commission, which was set up after the Gambling Act in 2005 was put in place, issued an “Interim suspension of operating license”.
According to the UKGC the problem is apparently related to “a number of compliance issues” which in turn turned into a breach of a condition of the license making them unsuitable to carry pretty much any activities related to gambling.
The UKGC stresses that this suspension makes it illegal for Genesis Global Limited to offer their services across nearly a dozen of registered gambling sites.
According to Genesis Global Limited they will “vigorously“ appeal to the suspension of its license all while “fully cooperating” with the review and that they will stay committed to complying with the UKGC. After all, the compliance violation doesn’t even seem to be specified yet.
Let’s just hope that these shortcomings will keep us all cleared of any bad practices and that it will also serve as a slap in the wrist for any major firm willing to make a name for themselves in this huge industry that is gambling.
As for Genesis Global Limited, we are sure that things will breeze through and we’ll see them operating again just as they’ve always had.
Genesis Global Limited is the company that is part of Genesis Affiliates.
