[username474]

eGaming Review Magazine is reporting that Ivobank, which deals exclusively with the online gambling sector in Europe, has begun refusing new customers amidst reports of its delicate future.
Ivobank issued a statement this Tuesday saying that it would not accept new retail or corporate customers and that "further information will be made available to retail customers, suppliers, merchants and the media" as its "future strategic aims are developed".
The bank insisted that all monies remain safe and that funds can be withdrawn at any time. But many wonder what will happen assuming this news causes a "run on the bank".
Ivobank launched only last year, and is owned by the Sampoerna family, the Indonesian billionaire family behind the Mansion online gaming brand. Clients include Scandinavian operators such as Betsson, Expekt, Nordicbet and Unibet and affiliate management software business Netrefer, according to eGaming Review.

I read this on gambling 911 this morning. I don't think it a big deal, but should be posted.

[JoshW]

More money than sense? This guy should have stuck to tobacco.

[noyb]

Originally Posted by username474

eGaming Review Magazine is reporting that Ivobank, which deals exclusively with the online gambling sector in Europe, has begun refusing new customers amidst reports of its delicate future.
Ivobank issued a statement this Tuesday saying that it would not accept new retail or corporate customers and that "further information will be made available to retail customers, suppliers, merchants and the media" as its "future strategic aims are developed".
The bank insisted that all monies remain safe and that funds can be withdrawn at any time. But many wonder what will happen assuming this news causes a "run on the bank".
Ivobank launched only last year, and is owned by the Sampoerna family, the Indonesian billionaire family behind the Mansion online gaming brand. Clients include Scandinavian operators such as Betsson, Expekt, Nordicbet and Unibet and affiliate management software business Netrefer, according to eGaming Review.

I read this on gambling 911 this morning. I don't think it a big deal, but should be posted.

it's funny how the Sampoerna chain these last few years is very good at starting new ventures and then suddenly killing them off again before they ever had the chance to prosper.

[acw]

Originally Posted by noyb

it's funny how the Sampoerna chain these last few years is very good at starting new ventures and then suddenly killing them off again before they ever had the chance to prosper.

It is simply fascinating. The guy's ambitions were to become the biggest in the world and the way things are turning out is that he goes bankrupt.
If you were to give him a set of prices and ask him to calculate the take out, he will already have no clue.