Kwari shuts down

GamesIndustry.biz reports: Kwari, the skill-based online site that was set to launch at the beginning of this year, has gone into receivership.

The project, which had aimed to provide gamers with a free-to-play first-person shooter game in which contestants would wager on the outcome of matches using microtransactions, failed to spark as a successful business model.

The company had intended to make money by charging for the purchase of in-game ammunition, with players taking any winnings made on the match bets and other jackpots available.