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Swedish betting group Betsson AB announced that they've sold their interest in Global Gaming, which represented 1.8% of the overall shares in the company.
The sale accounted for 726,000 shares in Global Gaming, but the amount of money paid for the shares was not available as of press time. The sale sent Betsson's own stock price up 4%, reaching SEK 47.90, but Global Gaming's shares fell 9.3% to SEK 6.70.
A reason for the sale hasn't been given, but the transaction comes weeks after Global Gaming had their Swedish gaming license revoked from the regulator given the "serious deficiencies" in the company's practices. The company's revenues also slipped 42% in the second quarter to SEK 132.2 million.
No comment from either company was available as of press time.
|Betsson Casino||Malta, Sweden|