Online gambling operator Global Gaming is giving up on seeing its Swedish license reinstated – at least, for the time being – after a court rejected its latest appeal.
On Monday, the Court of Appeal in Jönköping affirmed last year’s revocation of the online gaming and betting license issued to Global Gaming subsidiary SafeEnt Ltd, which operated in Sweden primarily under its Ninja Casino brand until the Spelinspektionen regulatory body pulled the plug.
The regulator accused SafeEnt of “serious deficiencies in the company’s operations, including applicable gaming responsibility and measures against money laundering.” Specifically, SafeEnt was said to have allowed customers to exceed online deposit limits and failed to intervene when customers demonstrated problem gambling behavior.
The Stockholm-listed Global Gaming appealed the revocation but was forced to suspend its Swedish-facing operations while the appeals process unfolded. The suspension did major damage to the company’s bottom line, forcing it to trim its headcount, while efforts to transfer the Ninja brand to another Swedish-facing operator were rejected.