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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.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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