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Odobo To Cease All Operations
Monday May 30,2016 : ONLINE GAMBLING SOFTWARE MARKET FIRM CLOSING ITS DOORS
Odobo to cease operations end May as costs rise.
The Gibraltar-based online gambling software distributor Odobo, which offered independent developers a way to more widely market their products, has announced that it will cease operating at the end of this (May) month.
Citing an inability to keep pace with rising costs, the five-year-old company described the decision as difficult, noting that after operations cease on May 31 it will close its two Gibraltar offices on June 10.
Sources close to the company have revealed that Management was hoping for a "white knight" rescue which never materialised.
In its announcement, Odobo management commented: "...marketplaces like ours require wider scale to survive in an increasingly complex and fragmented regulatory landscape,” adding that "....the velocity with which the business was growing was outpaced by the costs associated with providing the services that Odobo offered.”
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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