Online gambling operator Global Gaming insists that it will survive the “dark times” it’s undergoing following the disruption of its Sweden-facing operations.

On Thursday, the Stockholm-listed Global Gaming issued an interim report on its financial performance during the three months ending September 30. The company’s revenue was down more than three-quarters to SEK60.3m (US$6.2m), leading to an operating loss of SEK37.6m and an after-tax loss of SEK37m.

Things were only slightly better on the year-to-date front, as revenue was down 48% to SEK354.6m, with an operating loss of SEK92.1m and after-tax losses of SEK90.3m. Despite the gloom and doom, investors reacted favorably to Global Gaming’s update, pushing the company’s share price up 9.5% by the end of Thursday’s trading.

Tobias Fagerlund, who took control of the flailing company in July, wryly observed Thursday that “saying it was dark times would be a gross understatement.” The revocation of its Swedish online gambling license in mid-June meant that “the word ‘challenge’ took on a whole new meaning for us.”