SafeEnt, which runs the online casino brand Ninja Casino, has lost its Swedish licence for online games and betting after the Spelinspektionen discovered “serious deficiencies in the company's operations."

The regulator said its decision to revoke the licence – effective immediately – was down to concerns over responsible gaming and anti-money laundering measures.

“Overall, the gaming inspectorate's review shows that SafeEnt has violated several of the most central parts of the game law, which are aimed at protecting players against excessive gambling,” the regulator stated.

“For example, customers have been able to spend large amounts of money without the company having reacted to what the duty of care requires. In addition, customers have been able to play well beyond their own deposit limits.

“The examination of the company's actions against money laundering and terrorist financing also shows serious and systematic shortcomings. The violations concern deficiencies in the company's risk assessment and measures for customer knowledge.

“In addition, the review of campaigns and offers shows that SafeEnt has offered bonuses on more than one occasion and that certain offers have also been lotteries that are not covered by the company's licence.”

SafeEnt has described measures it intended to take to correct the deficiencies, but the regulator said it believes the measures “are not sufficient and notes that SafeEnt lacks understanding of important parts of the regulations that govern the operations."

SafeEnt, a wholly owned subsidiary of the listed company Global Gaming 555, has had a Swedish licence to provide games on the ninjacasino.com and spellandet.com websites.