Stockholm-listed Global Gaming AB has suffered a further setback in reviving the prospects of its flagship Ninja Casino property, after confirming 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‘s termination of Malta-based subsidiary ‘SafeEnt’ licence on the grounds of ‘serious operating deficiencies’ in the management of Ninja Casino, Global Gaming governance has, therefore, been served with yet another Swedish high court rejection.
Global Gaming began legal proceedings began in June, challenging SafeEnt’s indefinite market suspension within the regional administrative court of Linköping, which refused to overturn the Spelinspektionen judgement.
The decision saw Global Gaming swiftly lodge an appeal with Sweden’s ‘Supreme Court‘, requesting that SafeEnt be granted ‘temporary relief’ from the suspension – a motion rejected by Swedish judges.
Following its rejections, Global Gaming governance elevated its Ninja Casino appeal to the ‘Supreme Administrative Court’, which governs Sweden’s third and final layer of legal disputes.
Tobias Fagerlund, Chief Executive of Global Gaming, detailed that the company ‘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:SBCnews