Stockholm-listed operator Global Gaming 555 has reported a 42 per cent fall in revenue for the second quarter of 2019 as a result of the shutdown of its Ninja Casino brand in Sweden.

The brand ceased operating in June after the Swedish gambling regulator revoked the operating license underpinning Global Gaming’s Swedish operations for social responsibility and anti-money laundering failures.

Global Gaming chief executive Tobias Fagerlund said that the shutdown is the result of an unclear regulatory framework, lack of detailed instructions from the regulator, as well as their reluctance to engage in dialogue with operators.

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