News in brief

12 July 2013

Odobo awarded Gibraltar remote gaming licenceJiggeryPokery launched by former Zynga trioMybet subsidiary C4U receives e-money licence in Malta

Odobo, the games developer and market that targets the regulated gambling industry, has been awarded a remote gaming licence in Gibraltar.

The company said the licence would allow it to develop new and existing game concepts for distribution to players via a network of participating regulated casino and lottery operators.

“This marks another step for Odobo in offering a new platform for game developers and brand owners to produce, market and monetise games content for the regulated real-money gambling industry. As the Licensing Authority will only consider licensing blue-chip companies, with a proven track record in gambling, good financial standing and with a realistic business plan, licences are difficult to obtain,” said Odobo chief executive Ashley Lang.

Julian Jarvis, chief of legal and business affairs for Odobo, added: “While our model is new and doesn't necessarily fit neatly into the usual categories of licensee, we wanted to show our commitment to the highest regulatory standards and becoming a licensee in our home jurisdiction is part of that process.”

Three former employees of social gaming provider Zynga have formed JiggeryPokery, a company dedicated to creating multi-player games exclusively for Apple’s iOS mobile device.

Matthew Wiggins, JiggeryPokery’s chief executive officer, will work alongside chief technology officer Alan Harding and art director Tamsin Nunley. The team has previous success in start-up companies having founded Wonderland Software, which was acquired by Zynga in 2011.

JiggeryPokery’s first game is expected to launch in the autumn.

C4U-Malta, a subsidiary of financial holdings company mybet, has secured a provisional permit to conduct e-money transactions in the country.

The Malta Financial Services Authority, the country’s financial regulator, said that the full Electronic Money Institution Licence should be granted within three months.

The licence will enable C4U to offer payment transaction services across the European Union for both companies of the mybet group and third-party firms.