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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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