Global subsidiary SafeEnt’s Swedish operating licence was withdrawn in June last year, after Spelinspektionen uncovered serious failings in its responsible gambling and anti-money laundering controls.
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.
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.
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.
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.