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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.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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