Ivobank to be Shut down
9th September, 2009
Egaming bank Ivobank has now announced it is to be shut down after its bankers decided not to fund the business any further.
Ivobank launched in 2008 with the vision of being the largest EGaming online banking service, however, from the start Ivobank has experienced both technical and business problems.
The UKfinancial services authority (FSA) which were the licensers of Ivobank had requested the Billionaire owners, the Sampoerna Family to inject more funding, however, the family decided not to do so.
Ivobank will not be accepting new customers from now on and will have more details for current stakeholders in the near future.
For more information, head over to EGR Magazine
By Tom
