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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.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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