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10/22/09 - The publication Tech Crunch this week noted the quiet demise of online betting venture Dotblu, perhaps better known as BetBlu in its early years, when it was formed by high profile Silicon Valley angel investors back in 2007.
Investors included Youtube co-founder Jawed Karim, Kevin Hartz (co-founder of Xoom and Eventbrite), Flixster co-founder and CEO Joe Greenstein and Keith Rabois (Former PayPal and LinkedIn Executive, Tech Crunch reports. A later $2 million round was funded by Maples Investments and DE Shaw.
The company first launched as an online betting service and then changed its name and focus to social gaming. But on October 16 2009 the company shut everything down with a brief note to users that said: “Dear dotblu members: dotblu.com is down indefinitely. A big thanks to each of you for being part of our community for the past two and a half years.”
The note also asks users to stay in touch via their Facebook fan page.
"Most startups die, so this isn’t any particular slam on the founders or investors. They tried and they failed, and that’s the way of Silicon Valley," is Tech Crunch's succinct epitaph.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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