Stockholm-listed Global Gaming AB has seen its latest attempt by the gambling inspectorate Spelinspektionen to restore its flagship Ninja Casino asset within Sweden rejected.
It is confirmed that Spelinspektionen Governance blocked the transfer of Ninja Casino’s SE domain to Global Gaming marketing partner Viral Interactive.
A marketing services provider, Viral Interactive had applied under its Spelinspektionen online gambling B2C licence to acquire the domain Ninjacasino.se.
A Spelinspektionen decision straightforwardly imposed that no domain linked to Ninjacasino could be introduced within Sweden as part of its business suspension of Global Gaming AB and its affiliate partners.
Viral Interactive will still be allowed to appeal Spelinspektionen judgement following its denial.
Global Gaming Chief Executive Tobias Fagerlund will release a corporate statement describing Spelinspektionen conduct as unconstitutional as its subsidiary Safe Ent the Ninja Casino operating company is pending further scrutiny by the Administrative Court of Appeal of Sweden of its revocation of licence.
In his communication Fagerlund stated: “The Swedish Gambling Authority ‘s decision to revoke SafeEnt’s licence has not yet gained legal force and can therefore not be used as an argument.”
Global Gaming AB continues to pursue injunctive relief from its indefinite suspension of the Swedish market, suspended Spelinspektionen in 2019 on the grounds of’ serious customer care failures’ related to KYC, customer care and compliance with AML.
Global Gaming Governance announced releasing a November trading statement that 2019 net losses totaled SEK 40 million (€ 4 million), owing to the company’s exit from the home market.