Odobo shuts down business operations
Odobo was founded back in 2011 with the aim to provide innovative approaches towards the way games are produced, supplied, and marketed in regulated markets.
Founders have formerly explained that it was their main goal to pay special attention to and eliminate, if possible, the challenges related to costs and various barriers that may arise as part of the process of development and distribution of gambling content.
As stated on the company’s official website, higher than expected costs were the main reason for Odobo taking the decision to close the business. Given the extremely challenging and ever-changing regulatory environment, Odobo and similar businesses usually require wider scale of investment in order to be able to survive. Officials for the developer pointed out that the business’ growth was outpaced by costs related to the provision of the services and products it offered.
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