Stockholm-listed operator Global Gaming 555 has failed in its latest attempt to reinstate its Swedish license.
The operating license granted to Global Gaming subsidiary SafeEnt was revoked by Swedish gambling regulator Spelinspektionen on June 17th, prompting the operator to appeal the decision to the Administrative Court in Linköping, which denied the appeal.
On Wednesday the Supreme Administrative Court also rejected Global Gaming’s appeal for injunctive relief.
“Although we were aware that the chances of being granted injunctive relief were limited, we are, of course, disappointed to see our appeal rejected again,” said Tobias Fagerlund, chief executive of Global Gaming 555.
“Our focus is now on the judicial review of the Swedish Gambling Authority’s decision that is currently taking place. We maintain that the decision is fundamentally wrong and disproportionate, and will show it during the process that is currently underway in the Administrative Court.”
The license revocation prevents the company from operating its Ninja Casino brand in the market, although its has since launched a new online casino brand in Sweden operating under the platform license of technology supplier Finnplay.
Shares in Global Gaming 555 AB (STO:GLOBAL) were trading up 1.14 per cent in Stockholm Thursday morning at SEK5.33 per share.