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Another Failure For MediaCorp

December 19,2012 : MEDIA CORP PUTS EYECONOMY INTO ADMINISTRATION
 
Another failure for London-listed company
 
Media Corp plc, which earlier this year put subsidiary Purple Lounge Poker into liquidation, owing players money, has now placed its internet advertising subsidiary Eyeconomy Limited into administration with KRE Corporate Recovery LLP.
 
In a stock exchange advisory, Media Corp explained that Eyeconomy had posted news that it was likely to make a loss for the 15 month period ending 31 December 2012 due to tough trading conditions and softening revenues..
 
"Eyeconomy's considerable drop in sales, coupled with the growing negative net asset position of the business, has led the Board of the company to take the tough decision that as Eyeconomy is no longer an appropriate fit with the on-going strategic direction of the Group its resources are better focused on the pending launch of Intabet and associated sites," the Media Corp statement advised.
 
The group, which plans to rebrand itself as Inta plc, remains focused on the gambling industry, where it is developing the Intabet platform and other associated products.
 
In a statement earlier this year, the company conceded that the failure of Purple Lounge, and the attendant criticism and bad feeling in the player community, would not make the promotion of Intabet any easier



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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