Bodugi undergoes liquidation

Social sports betting operator Bodugi has confirmed that it has placed its operations under voluntary liquidation. In a general meeting held last month between creditors and investors in the company, it was decided that Bodugi would seek liquidation and wind up its assets.

Robert Cundy of insolvency practitioner RJC Financial Management was appointed liquidator of the operator. Reports from Companies House, stated that the operators accounts were overdue since September 2013.

Bodugi financial troubles had seen them lose their UK B2C gambling licence, after sanctions imposed by the UK Gambling Commission due to customer complaints regarding the operators’ payments and withdrawal services.

Bodugi would raise funds by selling its database ownership to UK sports betting aggregator BetButler.com at the start of 2014. Senior management of the company stated that Bodugi would focus on B2B services for the igaming industry

Bodugi Technology was founded in 2010 by Dave Nevison and Michael Wilson.No company representatives were available for comment at the time of writing