Betcade says it will cease operations by end of January | Yogonet International
Statements by CEO David Chang

Betcade says it will cease operations by end of January

The first dedicated real-money gambling app store for Android is set to cease operations by the end of January, according to media reports.
2017-01-16
United States
Reading time 34 seg
The first dedicated real-money gambling app store for Android is set to cease operations by the end of January, according to media reports.

Founded in 2015 by CEO David Chang, Betcade developed partnerships with industry operators, gaining approval from the UK Financial Conduct Authority last year. In December, it launched Betcade Pay, the first mobile payments solution built and optimized for gambling consumers. 

Following a statement by Mr. Chang, it was reported that Betcade will cease operating by the end of January 2017.

“Start-ups seek to positively influence the industry which they are in however this comes with considerable risk as a business. After evaluating our options, it was determined that the best course of action for the company was to close the business in an orderly manner and look after our people the best we can,” CEO Chang reportedly said in a statement.

 

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