Entain Plc has published the terms and conditions of its ‘recommended offer’ to Enlabs AB shareholders, as the FTSE100 gambling group seeks to expand its Baltic market footprint. Updating the market, Entain has proposed a cash offer of SEK 40 per Enlabs share on the Nasdaq Nordic exchange, valuing its latest M&A target at SEK 2.8 billion (approximately £250 million). …
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Stockholm-listed Global Gaming AB has had its latest attempt to revive its flagship Ninja Casino property within Sweden rejected by gambling inspectorate Spelinspektionen. Spelinspektionen governance is reported to have blocked the transfer of Ninja Casino’s SE domain to Global Gaming marketing partner Viral Interactive. A marketing services provider, Viral Interactive had applied to secure the Ninjacasino.se domain under the management …
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Online gambling operator Global Gaming will be able to appeal a decision made by Spelinspektionen last year which saw the revocation of its SafeEnt licence. As confirmed in a statement on its website, the Administrative Court of Appeal in Jönköping will grant a review permit, looking into whether the Swedish Gambling Authority’s decision to revoke the licence in June 2019 …
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Publishing its Q3 trading statement, Embattled Global Gaming AB records period operating losses of SEK 40 million (€3.7m), as the Stockholm-listed enterprise continues to suffer from the consequences of its home licence revoke by regulator Spelinspektionen. Recording declines across all core metrics, Global Gaming sees its Q3 corporate revenues fall by 78% to SEK 60 million (Q32018: SEK253m), as year-to-date …
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Stockholm-listed Global Gaming AB has suffered a further setback in reviving the prospects of its flagship Ninja Casino property, after confirming that it latest ‘license revocation appeal’ has been rejected by Sweden’s Supreme Administrative Court. Following a summer of legal disputes challenging gambling regulator Spelinspektionen‘s termination of Malta-based subsidiary ‘SafeEnt’ licence on the grounds of ‘serious operating deficiencies’ in the management …
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After reporting that ‘the last three months have been the most turbulent and difficult’ in its company history, Malta-based Global Gaming has been forced to let go of half its staff in a bid to reduce costs. Releasing its interim Q2 report last week, the iGaming operator explained that it had faced tough regulatory headwinds from its home market of …
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From sponsorship to the ever-expanding world of football media coverage, when it comes to the business of football, InsiderSport has you covered. This edition looks at MLS expansions and the latest in La Liga broadcasting. ITV continues successful La Liga partnership A last minute deal struck between ITV and La Liga will see the British broadcaster televise the opening game …
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Facing tough regulatory headwinds in its home market of Sweden, an embattled Global Gaming AB has reported that Q2 2019 has ‘been the most turbulent and difficult in the history of Global Gaming’, with revenues and profits bearing the brunt of the licensing decision. Releasing its interim Q2 trading update (period April – June 2019), Global Gaming reported that revenues …
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Premier League-side Leicester City has confirmed a new agreement with 19.com, which will see the Asian betting operator become the club’s new Official Betting Partner. The Global Gaming subsidiary will have its branding displayed across Leicester’s matchday LED boards, as well as the club’s interview backdrops. The new agreement is hoped to boost the exposure of the betting operator across …
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Stockholm-listed Global Gaming AB has suffered a further setback in reviving its flagship Ninja Casino brand, as it confirms that its ‘injunctive relief appeal’ has been rejected by Sweden’s Supreme Administrative Court. The update sees Global Gaming governance overruled for the third time by Swedish administrative courts, in relation to challenging Swedish gambling regulator Spelinspektionen’s indefinite suspension of Malta subsidiary …
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