Spelinspektionen suspends Global Gaming’s Ninja Casino property

Spelinspektionen, Sweden’s gambling inspectorate has moved to suspend Ninja Casino, the flagship online casino property of Stockholm-listed Global Gaming AB with immediate effect.

Issuing a market update, Spelinspektionen has discovered ‘major deficiencies’ in the running of ‘SafeEnt’, a Global Gaming subsidiary operating the Ninja Casino brand.

Moving to suspend SafeEnt, The Swedish inspectorate has found several operator failures related to Ninja Casino maintaining adequate player protections and further applying correct anti-money-laundering procedures.

In its update, Spelinspektionen states that Ninja Casino has violated a number of its most critical gaming laws, aimed at protecting online gambling consumers.

Spelinspektionen outlines that Ninja Casino customers have been able to wager large amounts of money, without SafeEnt carrying out ‘duty of care’ procedures and that a number of customers have played beyond ‘their deposit limits’.

With regards to AML, Spelinspektionen states that it has found ‘serious systematic failures’ related to Ninja Casino KYC provisions on risk assessment and customer profiling.

Adding to Global Gaming woes, Spelinspektionen states that its subsidiary appears to lack a basic understanding of Sweden’s new online gambling laws, having offered bonus incentives to customers on more than one occasion.

Speaking to Swedish media, Tobias Fagerlund Acting CEO of Global Gaming confirmed that Ninja Casino had been taken offline, as the Stockholm firm ‘deals with the situation’.

Founded in 2009, Global Gaming AB has branded itself as an ‘online casino challenger brand’, promoting its Ninja Casino brand as a No Registration’ and ‘Instant Cashout’ casino property.

In November 2017, Global Gaming floated on the Stockholm Nasdaq, as corporate governance aimed to secure a ‘deeper pool of professional investors’, helping the company develop its European and Nordic profiles.

 

Check Also

Oddschecker ups football reach by acquiring WhoScored

Sky Betting & Gaming (Sky Bet) affiliate marketing subsidiary Oddschecker Global Media has expanded its …

Betsson secures SEK 1bn bond placement

Declaring an ‘oversubscribed placement’, Stockholm-listed Betsson AB has secured its target SEK €1 billion (€90 million) …

Microgaming to terminate MPN poker network in 2020

Microgaming, a provider of online gambling games and software systems, has today confirmed that it …