Ivobank signs up NordicBet as new merchant

(PRESS RELEASE) -- IVOBANK, the bank known as the expert in the gaming space today announced that they had signed up NordicBet, another prominent Scandinavian gaming company, as a new merchant.

Norway's most popular Internet-based gaming site NordicBet will immediately offer Ivobank's secure online payment services to its Norwegian customers.

The partnership comes as new regulations in Norway prohibit credit card payments or transfers to non-state gaming sites.

As an added incentive to open and deposit in a new Ivobank account, the bank is offering its customers a bonus of up to 200 NOK when they make their first transaction through NordicBet.

NordicBet was established in 2002 and targets the Norwegian, Danish, Swedish and Finnish markets.

NordicBet's customers will also enjoy the incremental benefits of opening an IVOBANK account, which include:-

• Secure, instant and discreet means of depositing into their gaming account
• 0% loading fees on credit and debit card deposits until 30 August 2009
• Interest on their gaming funds in their IVOBANK Account
• Quick and simple online account opening
• Fast and free withdrawals
• A tailored VIP Service for high rollers
• Government protected funds up to £50,000

IVOBANK was launched in 2008 as a specialist online bank designed with the gaming industry in mind. Since then the bank has created an unrivalled position as the only FSA regulated bank to cater specifically for the needs of the online gaming industry.

Per Hellberg, CEO of Nordic Gaming Group Ltd said: -

"Ivobank is a great solution for our Norwegian customers, who are understandably worried about security and discretion. Our message is that the new laws don't mean an end to online gaming in Norway".

Neil Caldwell, Director of Business Development at IVOBANK says:-

"NordicBet is a terrific brand and signing them up as a merchant reinforces Ivobank's commitment to working with the very best partners in gaming. I'm certain that NordicBet's players will see the value and benefits of becoming Ivobank customers from the moment they apply for a new account".