Genesis Global UK licence suspension has been lifted by the Gambling Commission.
The UK Gambling Commission has lifted its suspension of Genesis Global’s remote operating licence, however, it will continue its review of the operator’s processes.
Licence suspension lifted
Now that the Commission has lifted the suspension, Genesis Global can now accept customers across all of its brands again.
This comes after the regulator indefinitely suspended Genesis’ licence in July while it reviewed its operating activities. As a result of this, the operator was forced to stop operating in the UK market. At the time of the suspension, the operator announced it would “vigorously” appeal the Commission’s decision.
Why was Genesis’ licence suspended?
The Gambling Commission suspended the operator’s licence after launching a review of its operational activities. The regulatory body cited sections 116(2)(a) and 116(2)(c)(i) of the Gambling Act when launching its review.
According to Section 116(2)(a), the UK regulator can commence a review if “activities may have been carried on, in purported reliance on the licence but not in accordance with a condition of the licence.”
Under Section 116(2)(c)(i), the Commission can conduct a review of a business if it believes a licensee “may be unsuitable to carry on the licensed activities”.
The operator said that the suspension of the licence occurred after a routine compliance assessment conducted by the Commission in July. Genesis also said that it had passed similar reviews in the past without any issues.
As a result of this, the operator claimed that the suspension in July was “disproportionate” and “inconsistent with the Commission’s previous regulatory enforcement action in regard to other operators.”