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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
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
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NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
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NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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