Bodugi enters voluntary liquidation
Bodugi Ltd appoints liquidator following months of financial and regulatory problems
Egaming software provider and social sports betting operator Bodugi has gone into voluntary liquidation, eGaming Review has learned.
The decision follows recent creditor and shareholder meetings to consider a special resolution for the voluntary winding up of the company, which was passed at a general meeting last month.
Following the meetings, Robert Cundy of insolvency practitioner RJC Financial Management was appointed liquidator of Bodugi.
According to Companies House, Bodugi accounts were overdue since September last year.
The news comes after months of financial and regulatory difficulties for the company which included the suspension of its B2C licence by the UK Gambling Commission.
The regulator suspended Bodugi’s pool betting and fixed-odds licence last month after complaints players had been unable to withdraw funds from Bodugi.com and following a lack of response to the Commission’s requests to discuss its concerns.
Following the interim suspension Bodugi Technology said it had taken the decision to discontinue its B2C business to focus solely on its B2B operations and sold its real-money social betting site’s customer database to UK bookie Bet Butler.
Bodugi Technology was founded in 2010 by Dave Nevison and Michael Wilson.
No company representatives were available for comment at the time of writing.