Fake Business Listing Reported Phil Ivey Seeking $ 20 Million In Capital For Internet Gambling Businesses
A listing on MergerNetwork, an online marketplace for buying and selling businesses, indicated that the Ivey League was seeking at least $ 20 million in funding as seed money. New CEO Ivey League, Dan Fleyshman, confirmed to pokerfuse that he had been in contact with MergerNetwork and that the list was being removed at his request.
âWe are expanding the business to several categories, but we are not selling the business and [Phil] Ivey self-funded the middle 7 digits [put] in the business over the years, âFleyshman told pokerfuse in a statement.
The listing indicated that the online poker training site was looking to transform into an online gambling site that would have included fantasy sports, sports betting, casino games, bingo, and sweepstakes. Several typos included in the list as well as vague financial figures indicated that something was wrong.
Ivey Poker, a former free online poker site, launched in October 2012 and has assembled a large stable of sponsored professional poker players to promote the room. Two years later, it was announced that the site was closing in order to revitalize itself. Phil Ivey himself said at the time that the fence was only “the first step in our evolution as we prepare to launch an even bigger and better gaming experience for all of you in 2015”.
As first reported by pokerfuse last November, Fleyshman has become the new CEO of the Ivey League and overseeing the transition for Ivey Poker. No launch date for the new Ivey Poker has been announced.