GameJacket closes

Despite serving over a quarter of a billion players through its in-game ads served across a variety of titles available on a wide number of games portals, the firm has become a classic victim of the credit crunch.

The service launched last year, and quickly proved a success and was able to guarantee revenue advances to Flash games developers.

It had already secured important initial funding, bit since then has not been able to secure additional investment.

The company shut down last week, with staff unfortunately made redundant on Friday.

Speaking to CasualGaming.biz, company founder Simon Jones said that the company's closure didn't reflect a lack of confidence in the casual games market, and was more to do with belt-tightening across the board amongst the investment community.

Games that used the GameJacket service will stop working today.