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Media Corp Still Silent On Purple Lounge Failure

Monday May 21, 2012 : MEDIA CORP REMAINS SILENT ON PURPLE LOUNGE FAILURE (Update)
 
One week on, and players have yet to hear from new management
 
It's now been a week since Purple Lounge Casino players learned of the unlamented departure from parent Media Corp plc of chairman Justin Drummond and chief executive officer Sara Vincent, yet players have still not been contacted directly by the new management to assure them that their reportedly segregated funds remain safe, or given any indication of when they will be allowed to withdraw their account balances.
 
The new management following the acquisition of Intabet is Phil Jackson (42) in the chairman's office and Adam Fraser-Harris (42) who has taken up the mantle of chief executive officer.
 
Both were involved in the due diligence processes leading to the acquisition of Intabet and have had ample time to familiarise themselves with the affairs of both Purple Lounge and Media Corp.
 
Despite this, the only direct information on the future of Purple Lounge has been a brief comment in the company's accounts which advised: "...with the restructuring of Purple Lounge now underway, the directors believe the acquisition of Intabet will allow the company to re-establish a newly branded online casino and poker room to run alongside the new betting platform that Intabet provides."
 
With the issue still an active topic of discussion and criticism on many online poker sites and message boards, the influential information site Pokerfuse correctly commented this week:
 
"When a highly recognizable online gaming brand - owned by a publicly listed, UK-regulated, London-officed media corporation—goes offline, tells their customers nothing about their deposits, and refuses to talk to the media, it speaks volumes.
 
“Media Corp must immediately announce that player funds are secure and enable players to withdraw these funds. [This is] not just about the valueless rubber stamps of offshore gaming regulators, but about the false sense of protection a customer has dealing with a publicly-traded company."
 
There is clearly a pressing need for Media Corp management to tell their players what is happening and when.



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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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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.

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