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Media Corp To Rebrand

12/12/2012 : MEDIA CORP PLC TO RE-BRAND
 
Purple Lounge debacle continues to haunt management
 
Media Corp plc, a London-based public company that hit the headlines earlier this year when its subsidiary Purple Lounge Poker went to the wall owing players , is to rebrand.
 
In a press release and trading update Wednesday company management revealed that the firm is to be re-branded Inta plc and as such will launch two gambling-related products.
 
The update is the first since interim CEO Adam Fraser-Harris left the company, leaving his responsibilities in the hands of chairman Phil Jackson.
 
The two products Jackson plans to launch are Bet Comparer and Mobet, scheduled to be released on March 1 and April 15 respectively, when the offerings will be licensed directly and through joint venture partners. The company did not elaborate on the nature of the new products, which it promises to detail nearer the launch dates.
 
The board of directors also plans a full review of all non-core businesses within the group, including Eyeconomy, with a view to potential disposal. There will also be attempts to resolve "...all and any outstanding legacy issues pre the acquisition of Intabet," which presumably includes the Purple Lounge shambles.
 
Management concedes in the update that the Purple Lounge affair has "....posed a significant challenge when launching a new gaming brand from within the group. The management are working actively on ways to ensure that players and other creditors are treated fairly as the Purple Lounge liquidation process proceeds.
 
"However, in the absence of a conclusion of the liquidation it is easy to understand why effected Purple Lounge customers would, through the historical association, view an Intabet launch negatively."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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