Complex sentence: Just prior to the Telecom deal, Paul McKenna, on behalf of Odin, had secured a major contract with Capcom to develop "Robin Hood" for coin operated arcade machines and Capcom's "Gun.Smoke" for the home computer format.
Split into simpler sentences: Just prior to the Telecom deal Odin had secured a major contract with Capcom. They were to develop "Robin Hood" for coin operated arcade machines and Capcom's "Gun.Smoke" for the home computer format.