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Gambling Bank IVOBANK closing
09/09/09 - More clarity on the position of Ivobank has been achieved following a further statement from the online bank, advising that following a 'strategic decision' by the owners - the Indonesian billionaire family Sampoernas - the bank will be closing in an orderly manner.
Apparently the Sampoernas have decided to redeploy their resources to other investments, although banking sources yesterday hinted that the decision may have been spurred by the UK regulator the Financial Services Authority requiring the commitment of further funds to meet solvency levels.
Depositors and merchants will welcome the additional clarity following yesterday's bald announcement that Ivobank was turning away new business without explaining why.
In the latest statement, the online bank said that its services will remain available to existing customers, and again reassured all concerned that account balances were safe and available for withdrawals, transfers or purchases at online sites.
Those of its merchants who have concerns should communicate via their usual contact points at Ivobank or to the bank's regulatory chief, Ian Stevenson at Ian.Stevenson@ivobank.com, the statement advised.
The Sampoernas also own the Mansion online gambling group, but it is understood that this division of the company is not negatively affected by the Ivobank decision.
The closure comes close to the first anniversary of the bank's launch last year.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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