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Global’s Swedish licence revocation becomes legally binding

first_img Regions: Nordics Sweden Compliance Tags: Global Gaming Enlabs It explained that it had “inherited” the legal case from previous management, and there was therefore no reasonable opportunity for it to withdraw the challenge. Topics: Casino & games Legal & compliance Online casino Compliance Regulation The operator then challenged the decision in the Swedish courts, though its efforts ended in defeat, save for Global being granted leave to launch a new appeal in the Administrative Court of Appeal in Jönköping in January this year.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Swedish gaming regulator Spelinspektionen’s decision to revoke Global Gaming’s licence in the country has become legally binding, after the Ninja Casino operator’s board opted to end its appeals against the decision in October. At the time it was subject to an offer from Enlabs, which has since acquired a 95.8% stake in Global, with the board saying that continuing to fight the licence revocation could put the acquisition in jeopardy.  2nd December 2020 | By Robin Harrison However, after this appeal was rejected in October, the operator’s reshaped board said that it would stop challenging the decision.  Shares in the business are set to be delisted from the Nasdaq First North stock exchange following its acquisition by Enlabs. Subscribe to the iGaming newsletter Global’s Swedish licence revocation becomes legally binding Furthermore, it added, the business had carried out extensive work to ensure regulatory compliance had become a high priority and raise standards across all areas of the business.  Global subsidiary SafeEnt’s Swedish operating licence was withdrawn in June last year, after Spelinspektionen uncovered serious failings in its responsible gambling and anti-money laundering controls. Email Addresslast_img

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