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Another Failure For MediaCorp

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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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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