International edition
June 12, 2021

Due to heavy costs

Odobo shuts down business operations

Odobo shuts down business operations
Odobo will shut down operations on May 31 and will then close its offices by June 10.
Gibraltar | 05/30/2016

Odobo will shut down operations on May 31 and will then close its offices by June 10.

O

dobo 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.

 

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook