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(PRESS RELEASE) — Global Gaming 555 AB’s subsidiary SafeEnt Ltd, which operates the internet casino Ninja Casino, had its Swedish licenses for commercial online gambling and betting revoked on Monday, 17 June.

An appeal for injunctive relief was immediately submitted to the Administrative Court, as the company and its legal counsel are of the opinion that the decision lacks support in the Gaming Law and the company maintains that all license requirements are complied with. The appeal also called for temporary relief from the regulator’s decision. Today, the Administrative Court of Appeal rejected the appeal.

“We are of course disappointed by the ruling of the Administrative Court of Appeal and the fact that relief was not conceded. We and our shareholders suffer a great deal of damage for every day operations are suspended. It is still our conviction that we will prevail at the end of the process. We are currently considering options for an appeal for injunctive relief in the Supreme Administrative Court,” says Tobias Fagerlund, Global Gaming 555 AB’s CEO.

Source: Online.CasinoCity.com

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