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Media Corp To Rebrand

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 :

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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