Swift UKGC Licence Suspension Lift shows Genesis dedication to UK regulation

Genesis Global has been given the green light to resume operating in the UK market for their online casino brands, after the UK Gambling Commission lifted the suspension of its remote operating licence on Wednesday 14th October.

The swift licence suspension lift means that Genesis can resume trading with immediate effect and has stated that they are working hard to take their improved casino brands live again in the next few days, ensuring that their customers are given the responsible and safe gaming environment which they have always worked hard to deliver.

They will continue to work closely with the UKGC to ensure that all concerns are fully satisfied, and further updates about all the ongoing developments at Genesis will be provided accordingly.

Genesis Global CEO Ariel Reem said: “We are pleased to announce that the suspension of our UKGC licence has been lifted, as a result of the intensive work and huge dedication our business has demonstrated in the last few months. This is clear testament to our commitment to both UK regulations and to our customers. We are also hugely thankful to our staff for their dedication and trust, and to our suppliers who have assisted in rectifying a difficult situation which arose during unusual economic circumstances for the whole world.”

The Licence suspension lift has been reflected on the UK Gambling Commission’s website.

The popular Endorphina game provider proudly announced its compliance with the new German regulations. The German authorities recently stated that German-facing online gambling operators that offer casino and poker products must comply to the new federal gambling treaty.

Operators who comply with these rules by October 15 will be assured they won’t face prosecution by German authorities or barred from applying for a license next year.

Endorphina’s games meet all German requirements such as having a game portfolio in the German language, a minimum 5 second spin, no auto-spin, displaying a win probability and RTP, amongst many others by the re-quired date of October 15, 2020.

A few words from Endorphina’s own CEO, Jan Urbanec:

“We are proud of our collaboration and the fast paced sprint that resulted in us delivering a solution for the Ger-man market. The combined effort of our legal and development team allowed us to quickly extract the details re-quired from the German regulation and to implement them into our games so we do not disrupt the player’s expe-rience.”

Want to include some engaging themes, graphics, and solid mathematics into your portfolio? Give your players some real endorphins that will surely comply with German regulations.
Contact Endorphina at https://endorphina.com/contact-us

The Chinese Standing Committee of the National People’s Congress has revealed it is considering an amendment that would criminalise the act of luring Chinese gamblers to overseas casinos.

It is also considering an increase in penalties for establishing casino operations within mainland China, where gambling is illegal. The Committee will carry out a second reading of the proposed amendment to China’s criminal law this week.

The move would be in line with China’s recent clampdown on capital outflows since it identified the cross-border flow of funds for gambling as a national security risk and a potential channel for money laundering.