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Account Number: 45235
Genesis Global Limited is a inactive gambling operator in the UK.
Genesis Global Limited
45235
28, GB Buildings, Level 3, Watar Street, TaXbiex
XBX 1301
Malta
No licence information available
This operator may have a pending licence application or expired licence. The UK Gambling Commission's public data exports only include granted (active) licences. For the most current information, please check the official UKGC register .
Genesis Global Limited, which operates several online casinos, was fined £3.8 million and faced a licence suspension for failing to protect customers and prevent money laundering. They did not take proper action when a customer spent £245,000 despite earning only £30,000 a year, and another lost £197,000 without adequate checks. Players can continue to use their services, but they should keep an eye on their accounts and gambling habits.
Licence suspension and £3.8m fine for Genesis Global Limited 27 January 2022 Britain’s gambling industry is being warned that the Commission ‘will use all tools at its disposal to ensure consumer safety’ following enforcement action involving suspending an online casino from operating and then fining it £3.8m. Genesis Global Limited – which runs 14 websites including genesiscasino.com, casinoplanet.com and casinocruise.com – has also been given a warning by the Commission and told it must undergo further extensive auditing. The operator was suspended from operating in Britain after enquiries revealed significant social responsibility and money laundering failures. Three months later (14 October 2020) the suspension was lifted following significant compliance improvements but the Commission’s investigation continued and today concluded with a £3.8m fine, a warning and an additional licence condition demanding further auditing. Helen Venn, Commission Executive Director, said: “All gambling businesses should pay very close attention to this case. “The Commission will use all tools at its disposal to ensure consumer safety and that extends to stopping a business from actually operating. “Failing to follow rules aimed at keeping gambling safe and crime-free will never be a viable business option for gambling businesses in Britain.” Social responsibility failures included: not carrying out any meaningful responsible gambling interactions with, or placing any effective restrictions on the account of, a customer who spent £245,000 in three months. Three days into their relationship Genesis knew the customer was an NHS nurse earning £30,000 a year not carrying out any meaningful responsible gambling interactions or establishing affordability of a customer who lost £197,000 over six months. The same day the customer closed her account, stating she wanted to sp