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Global Gaming Fails to Resume Online Casino in Sweden

Global Gaming continues to find it hard in the Swedish market. The company has been denied a request to resume the operations for the online casino yet again. The Online Casino license of the Global Gaming was revoked in Sweden earlier this year.

Spelinspektionen, the regulatory body of Sweden revoked the license in June this year. The license was held by the Global Gaming 555 AB’s Subsidiary SafeEnt Ltd. It is the Ninja Casino site in Sweden. The regulatory body considered insufficient efforts of the company towards the Anti-Money laundering and Responsibility Practices.

Global Gaming announced on Tuesday that the Supreme Administrative Court of Sweden has rejected the appeal of the company against the revocation. The company did not offer any other details regarding the verdict, however. Tobias Fagerlund termed this decision as disappointing. He further added that the company is currently examining the decision in detail. There is a possibility that an appeal will be made in the Administrative Court of Appeal said, Tobias.

Global Gaming isn’t the only operator that is struggling to cope up with the strict regulation of the country that has been formulated recently. However, it is currently suffering the most. The primary Swedish brand is lost that has made the company cut the payroll in half. The company has also transferred the NinjaCasino.se domain to Viral Interactive Ltd. The company has interestingly started Nano Casino another Swedish-facing online casino with the Finnplay local license. Finnplay is a subsidiary of Viral Interactive Ltd.

However, there are more troubles for Global Gaming and Ninja Casino. The Consumer Ombudsman of Sweden is also hearing a case against Ninja Casino. It is accused of violating the ‘moderate’ advertisement activity. Interestingly, the ‘moderate’ condition is ill-defined and this would be a supreme opportunity for the authorities to layout some tougher and clear rules and regulations for the promotional activities.

Source: https://calvinayre.com/2019/11/12/business/global-gaming-lose-appeal-sweden-license-revocation/

About the author

Debopom Sanyal

Debopom Sanyal

Debopom is a web journalist and news enthusiast. He has been writing about world politics, science, health, finance, and technology. An avid sports enthusiast, Debopom has done his Masters in Finance and Bachelors in Engineering.

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