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MEDIA CORP CONTINUES TO FACE LITIGATION

Friday June 22, 2012 : MEDIA CORP CONTINUES TO FACE LITIGATION
 
Talks on CD Casino.com issue fail
 
The new management at beleaguered online gambling group Media Corp plc failed to reach a settlement with CD Casino.com Limited Thursday during a meeting in London.
 
A CD Casino source told us that during the meeting with Media Corp chairman Phil Jackson and interim CEO Adam Fraser-Harris it had proved impossible to reach agreement, and that CD Casino.com Limited would therefore be pursuing its case in court.
 
Details on the legal dispute between the two companies are sparse, but it is understood the case turns on an alleged breach of contract involving onetime Media Corp subsidiary Gambling.com.
 
Beyond a brusque statement that it was putting its online poker and casino subsidiary Purple Lounge into liquidation, the management at Media Corp remains uncommunicative with the player community, many of whom are anxious about long delayed payments and credit balances locked in the shuttered Internet subsidiary.
 
Advice on who the liquidators will be is still awaited, whilst rumours continue to circulate that Jackson and Fraser-Harris are contemplating a forensic audit over concerns about the accounts left by the previous management.
 
Justin Drummond and Sara Vincent abruptly left the group shortly after putting together the Intabet acquisition which saw Jackson and Fraser-Harris assume the leadership of Media Corp. Their present whereabouts are not known.
 
In its latest stock exchange press release, issued Friday 22 June, Media Corp announced that it has been notified that on 20 June 2012 Jellatech Ltd purchased 21,117,241 ordinary shares of 1p each in the company.
 
Jellatech is a company entirely owned by one Chris O'Neill. Following the purchase Jellatech and O'Neill hold in aggregate 151,617,241 ordinary shares representing 29.77 percent of Media Corp.
 
The company also advises that, emulating his brother Jason Drummond recently (see previous InfoPowa reports), former chairman Justin Drummond has sold 21,117,241 ordinary shares of 1p each in Media Corp - presumably to O'Neill and Jellatech.
 
Following the disposal Justin Drummond no longer has a disclosable interest in Media Corp.
 
A search for Jellatech shows a company of that name founded in Aldermaston in Berkshire, UK on May 4 this year with GBP 1 in capital, and an apparently dormant .com website in that name registered through Tucows. The company's business is not described.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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