Swedish gaming company Global Gaming has vowed to appeal the revocation of its operating license by the country’s gaming regulator, Spelinspektionen.
The firm’s SafeEnt subsidiary was stripped of its license for alleged breaches of Sweden’s gaming regulations, including ineffective player protection controls and anti-money laundering processes, reported iGamingBusiness.com.
“The information this morning from Spelinspektionen was unexpected as the company was under the impression that we are compliant with the regulations which the new legislation has set for gaming operators in Sweden,” said Global Gaming’s acting CEO Tobias Fagerlund, who replaced former Chief Executive Joacim Möller in April.
“We will of course appeal the decision and have good reasons to believe that we will be successful,” Fagerlund said, adding that the revocation “lacks legal grounds and comprises disproportionate action which will cause the company significant damage.”
