Global Gaming loses further Swedish appeal on NinjaCasino termination
Stockholm-listed Global Gaming AB has suffered a further setback in reviving the prospects of its flagship Ninja Casino property, as this morning governance confirms that it latest ‘license revocation appeal’ has been rejected by Sweden’s Supreme Administrative Court.
Following a summer of legal disputes, challenging gambling regulator Spelinspektionen termination of Malta-based subsidiary ‘SafeEnt’ licence on the grounds of ‘serious operating deficiencies’ in its management of NinjaCasino, Global Gaming governance is served with yet another Swedish high court rejection.
Global Gaming’s legal proceedings began in June, challenging SafeEnt indefinite market suspension within the regional administrative court of Linköping, which would refuse to overturn Spelinspektionen judgement as a regulatory authority.
The decision would see Global Gaming swiftly lodge an appeal with Sweden’s ‘Supreme Court‘, requesting that SafeEnt be granted ‘temporary relief’ from Spelinspektionen suspension, a motion that would be rejected by Swedish judges.
Following its rejections, Global Gaming governance would elevate its Ninja Casino appeal to the ‘Supreme Administrative Court’, which governs Sweden’s third and final layer of legal disputes.
Issuing a statement, Tobias Fagerlund, Chief Executive of Global Gaming detailed that governance ‘was disappointed at the decision’, and that it would examine further appeal options within Sweden’s legal systems.
Publishing its Interim trading statement on 20 August, Fagerlund and Global Gaming governance disclosed that the company had begun reducing employee headcount as a result of its regulatory issues.
Source: SBC News
