Genesis Global, the operator of online casino sites including Casoola, Kassu and Casino Planet have had their licence suspended by the Gambling Commission. This means that 12 of the group’s casinos can no longer operate in the UK as of July 20th 2020.
Though no specific reason was given by the Commission for the licence’s suspension, Genesis were in breach of Section 116(2)(a) of the Gambling Act 2005. Not clued up on your Gambling Act sections? Well, really, all that means is that they broke the condition of the licence.
This section states the following: ‘The Commission may review any matter connected with the provision of facilities for gambling as authorised by an operating licence if the Commission has reason to suspect that activities may have been carried on in purported reliance on the licence but not in accordance with a condition of the licence.’
Essentially, while Genesis were only able to trades they were because they had a license, they were not following the rules required to keep the license. As it turns out, Section 116(2)(a) just means 'they broke the rules'.
Though it’s probably not the juiciest gossip you’ll read this week, it might be of importance to you. If you’re signed up to any of Genesis Global’s sites and have any balance, you should log in and withdraw it now. There’s no telling when the licence will be granted again, so it’s not worth keeping money in sites you might never be able to play on.
Here’s a full list of the affected sites that have now been closed.
There are some great casinos and slot sites in the list, so hopefully this can be ironed out soon so players can enjoy them again. It might be worth finding a new online casino to play on in the meantime.