Quote from JakeeDylan
Where did you happen to receive this report?
Also, if it were to end any time soon, that would be normal. Half the series labeled "Rushed/Axed" on these sites are biased opinions, thus, usually to sooth their anger, they label it that.
No manga ever says "I've been axed. Bye." but always says "Thanks for reading, look forward to future works!"
Mangakas normally aim to have their series be continuously serialsed, or at least until they've finished writing what they've wanted to. Magico getting axed wouldn't be surprising, because if you checked the rankings, you'll notice that it's been in the last or 2nd last place for the best several months already. If you notice that the plot is speeding up, the author is either trying to revive it or it's been given the axe notice.