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Heavy costs force Odobo to shut down operations

27th May 2016 11:00 am GMT

Real-money HTML5 platform provider Odobo has confirmed that it is to shut down after admitting that rising costs have outpaced its own growth.

The Gibraltar-based supplier said that it will stop transacting on May 31st before closing its offices by June 10th.

“This decision was not taken lightly and we sincerely regret that it affects the partners and clients that have supported us,” Odobo said in a statement.

It explained that as [...]

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