Odobo will be closing this week. The online pokie company has been forced to close its operations. Its running costs became too sensitive for them to continue. Even though they were partnering up with some of the biggest online operators, they simply were not able to have compete in the online world.
The distribution ceased their operating on May 31st. Their offices will be shut down and closed by June 10th. This news is shocking for the online gaming world. However, it should not be a surprise. In January of 2016, it was reported that the distribution’s senior management wanted to sell the company for at least around $50 million.
Odobo was launched back in 2011. It was a distribution network that gave online casinos names with a great reputation from different independent developers. The objective of the company was to provide a full solution for designers, market, helping to produce, distribute and regulate their games.
Even though Odobo has had a lot of success with their partners, it experienced some very huge challenges that came from maintaining their running costs.
Since the announcement of the closing, their website has been updated. Now their website just consists of a single page. The single page contains a statement from Odobo which explains the situation. According to reports, it states, “It has become clear that marketplaces like ours require wider scale to survive in an increasingly complex and fragmented regulatory landscape.” Then it continues by stating, “We needed to recognize that the velocity with which the business was growing was outpaced by the costs associated with providing services that Odobo offered. As a result, we have made the very difficult decision to close the business.”
The statement ended with the distribution thanking the gaming industry for their support. Its ending states, “We are proud of what we have achieved together and are grateful to the investors, developers, operators, and suppliers who have been part of our journey.”
There will be a significant effect on the online gambling industry because of this closure. Smaller companies will have to find a different option that will allow them to distribute their games to casino operators online. These smaller companies include FUGA Gaming Technologies, Foxium, and Lost World Games. Quickfire and OpenBet are some of the options that are available.
Odobo has not made any further comments on its closure outside of the statement that was put on their website.
iSoftBet Launches New Online Pokie, Cloud Tales
Earlier this week, iSoftBet announced the launching of their new online pokie, named Cloud Tales. Cloud Tales takes players on a very unique fantasy world. It also offers players a chance to cash in on a lot of different cash prizes.
Cloud Tales has a lot of colorful creatures. These colorful creatures live in a magical forest. When winning combinations are formed, the creatures basically come to life. The animation has the ability to let players feel like they are in the unique fantasy world.
The graphics for the game are very colorful and bright. It has the ability to transport the players into the unique world. It has a very unique look for an online pokie game.
The Mushroom Island is a wild symbol. This symbol substitutes for all of the other symbols. When the symbol appears on the reels, it has the ability to change other symbols into wilds too. Wild symbols can also appear from being hatched from mystery eggs.
This game has some very interesting bonus features that are triggered by Mystery Eggs landing on the reels. The Mystery Eggs will hatch and reveal multipliers and wilds. Other different features are also developed when the Mystery Eggs land on the reels.
iSoftBet has a good history of creating games that are simple and innovative. Luci Apostolou, Head of Sales stated, “Our teams have worked extremely hard to create this impressive nine-line slot, it has vibrant graphics and truly offer players something they have not experienced before.” He also stated, “iSoftBet is known for creating simple and yet innovative games and Cloud Tales truly exemplifies that.”
The new online pokie game started becoming available on June 1st. This game is expected to do pretty well, even though it just got launched. Since it is very unique, the game is bringing something new to the online pokie world. Bringing something new to the table in the online gambling world is very important. The reason it is very important is because there are new games being released all throughout the year. In order for an online game to perform well, it has to have something unique about it. This pokie game is definitely a stand out from others. It is strongly suggested that you give it a try.