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Drummond Sells 10 Million Shares Of Media Corp
Wednesday June 13, 2012 : MEDIA CORP SHEDS ANOTHER DRUMMOND
Jason Drummond sells off 10 million penny stock shares in troubled company
Media Corp, the parent company at the centre of the Purple Lounge debacle that continues to haunt unpaid internet gamblers has announced that former chairman Jason Drummond has sold off his stake in the business.
Drummond has disposed of his 10 million shares in Media Corp at a price of 1p each and “no longer has a notifiable interest in the Company’s issued ordinary share capital” according to a stock exchange regulatory statement issued by the company Tuesday.
In February Drummond stepped down from his position as executive chairman of the company, along with fellow director Stephen Pettman. Justin Drummond, his brother and CEO of the company, took his place, at the same time promoting Purple Lounge manager Sara Vincent as interim CEO of Media Corp.
The duo did not remain in office for long, resigning as the new Intabet team of Phil Jackson (chairman) and Adam Fraser-Harris (interim CEO) took over and announced the liquidation of Purple Lounge.
Players are still awaiting communications on the fate of their credit balances.
Jackson and Fraser-Harris also announced Tuesday that a General Meeting of shareholders is scheduled for 5 July at which "Resolutions relating to a Capital Reorganisation and Directors’ authorities to allot shares will be proposed."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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