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Talks on CD issue fail
The new management at beleaguered online gambling group Media Corp plc failed to reach a settlement with CD 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 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
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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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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