Phantom Fiber Closure
Despite recent success of the mobile and online casino gambling companies there is also possibility of slip and going down ever in this industry. A tiny thread of the puzzle may slip through the cracks and that is enough to force companies to close. The recent not so happy news comes from the Canada, where Phantom Fiber gambling company has to announce completely closure, there is no hope since all of the employees have been dismissed. Over the past several months were some small indications that problems of the Phantom are serious. When the weekly reports have been released, Jeff Halloran, the company’s CEO admits that the company known from the wireless mobile technology software developing and providing was running out of cash to operate.
At the end of November, the company announce closure to the whole of the mobile and online casino gambling industry. As the reason of closure, Phantom Fiber announced inability to make instalment payments to pay off debts. They cannot find the way of investments or loans to get the money needed to pay off the regularly payment installation. After some time, the company gave up and announced its closure.
The company terminated all of its employees, what of course wasn’t good news for them if considering these days’ economics. There were a lot of opinions that the current economy failing cannot harm the online casinos and gambling sites, because everyone still wants to gamble when there luck is down right? Well, the latest events show something completely different, that the mobile and online gambling industry is not untouchable.
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