The Swedish Gambling Authority revoked SafeEnt’s operating license earlier this year after reporting "serious deficiencies" in business practices, including failings related to responsible gambling and anti-money laundering measures.

Speaking with Gambling Insider at the time, Global Gaming CEO Tobias Fagerlund called the decision "unlawful" and blamed the failings on a lack of clarity following the market’s re-regulation in January.

He said: "The law was presented to the state congress less than six months before it was going to be enforced.

"We and a lot of others were trying to ask the authority and the policymakers themselves for clarification, but nothing really came out. We were not given detailed answers."

The Administrative Court has now rejected Global Gaming’s appeal against the decision, to which Fagerlund has expressed his disappointment.

He said: "We are disappointed by the court ruling and do not share their opinion. We are now examining the decision in detail and I assume we will appeal this decision to the Administrative Court of Appeal."

Since the revocation of SafeEnt's license, Global Gaming has partnered with Finnplay to continue operations in Sweden.

Gambling Insider has contacted Global Gaming for further comment.