Tag Archives: Tobias Fagerlund

Tobias Fagerlund ends Global Gaming CEO tenure

SBC News Tobias Fagerlund ends Global Gaming CEO tenure

Tobias Fagerlund, CEO of Global Gaming 555, has confirmed that he will step down from his position ‘with immediate effect’. The resignation comes as the online gambling operator enters a ‘new phase’ which requires its leadership to operate from Estonia and Malta, where its operating units are located. Fagerlund was appointed as the acting CEO of Global Gaming in April …

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Global Gaming granted licence review permit following Swedish appeal

SBC News Global Gaming granted licence review permit following Swedish appeal

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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Ninja collapse sees Global Gaming move to redefine business

SBC News Ninja collapse sees Global Gaming move to redefine business

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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Global Gaming loses further Swedish appeal for Ninja Casino

SBC News Global Gaming loses further Swedish appeal for Ninja Casino

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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Global Gaming expected to dismiss half of staff following Q2 difficulties

SBC News Global Gaming expected to dismiss half of staff following Q2 difficulties

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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Spelinspektionen’s ‘draconian measures’ take their toll on Global Gaming in Q2

SBC News Spelinspektionen's 'draconian measures' take their toll on Global Gaming in Q2

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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Ninja options running dry for Global Gaming following Swedish Supreme Court rejection

SBC News Ninja options running dry for Global Gaming following Swedish Supreme Court rejection

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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Global Gaming maintains Swedish option launching NanoCasino.com

SBC News Global Gaming maintains Swedish option launching NanoCasino.com

Embattled Global Gaming AB maintains a presence in its home market of Sweden, having this weekend launched its new online casino property NanoCasino.com. The Stockholm-listed online gambling group’s flagship NinjaCasino brand remains ‘indefinitely suspended’ by Swedish regulator Spelinspektionen, who in June revoked the licence of NinjaCasino operating company SafeEnt, charged with multiple AML and care-of-duty failures. Global Gaming governance maintains …

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Global Gaming seeks to maintain its ‘Swedish profile’ launching NanoCasino.com

SBC News Global Gaming seeks to maintain its 'Swedish profile' launching NanoCasino.com

Despite facing significant home market predicaments, Stockholm-listed Global Gaming AB has confirmed that it will launch new property NanoCasino.com, maintaining a presence within the regulated Swedish online gambling marketplace. NanoCasino.com will be operated by Viral Interactive, a subsidiary domain of Malta-based igaming turnkey services provider Finnplay, who last week were announced as Global Gaming group’s new lead platform supplier. A turbulent summer …

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Tobias Fagerlund takes full leadership of embattled Global Gaming

SBC News Tobias Fagerlund takes full leadership of embattled Global Gaming

Embattled Stockholm-listed online gambling group Global Gaming AB has confirmed the appointment of Tobias Fagerlund as President & CEO with immediate effect. Fagerlund has acted as Global Gaming’s interim CEO since April 2019, following the resignation of former incumbent Joacim Möller. Appointing Fagerlund, Global Gaming terminates its executive search for a new leader, as corporate governance focuses on the suspension …

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