Interactive
Gibraltar – Odobo forced to cease operating
By Phil - 6 June 2016
Games developer Odobo has been forced to ceases trading blaming unmanageable running costs.
Having launched in 2011, Odobo worked with operators such as bet365, Betfair, Unibet, Coral, Gala, LeoVegas, BetMotion, prospect Hall and Mr. Green.
Odobo said: “In 2011, we set out to disrupt and improve the way games are produced, distributed, marketed and enjoyed in regulated gaming. We aimed to address many of the challenges, costs, and barriers associated with content production while improving and expanding the quality of the games offered to casino players.
“Many operators and developers supported this vision; we have had the privilege of integrating with some of the industry’s biggest casinos and working with dozens of talented studios to bring their games to market. To date, hundreds of thousands of players have enjoyed games built using Odobo technologies,” it added.
“As our industry has evolved, it has become clear that marketplaces like ours require wider scale to survive in an increasingly complex and fragmented regulatory landscape. We needed to recognise that the velocity with which the business was growing was outpaced by the costs associated with providing the services that Odobo offered. As a result, we have made the very difficult decision to close the business.
“Odobo will stop transacting on May 31 2016 and close our offices by 10 June 2016. This decision was not taken lightly and we sincerely regret that it affects the partners and clients that have supported us. We are proud of what we have achieved together and are grateful to the investors, developers, operators and suppliers who have been part of our journey.”
