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New management of parent company remains silent as shares dip
Amid financial media reports that Purple Lounge parent Media Corp plc shares have declined still further to half a penny (the 52 week high was 2.08), still unpaid - and uninformed - players were this week planning to lodge legal claims against the company.
It is now well over a month since the Purple Lounge online casino and poker room abruptly closed its doors without warning players or advising them of available withdrawal methods, claiming that it was "suspending" operations.
It then transpired that the company had requested its regulator - Malta's LGA - to terminate its licence, giving an assurance that it had no outstanding player complaints and that the operation was "...compliant with the Remote Gaming Regulations," which include a requirement that player deposits remain segregated.
Malta's regulations also require that operators provide evidence that "...players’ monies have been duly refunded or alternative arrangements in respect of such monies have been made to the satisfaction of the Authority," and:
"The suspension, revocation or expiration of the licence shall not affect any liability of the licence holder for anything done or omitted to be done before the date of suspension, revocation or expiration."
Sometime previous to the surrender of the licence, the company's Malta-based "Key Official" had resigned, it was later alleged.
With the furore growing after weeks of corporate silence and ignored player and media attempts to communicate, Media Corp suddenly issued a rash of statements, among them one announcing the resignation and immediate departure for reasons unknown of chairman Justin Drummond and CEO Sara Vincent.
Two unknowns associated with a recent Media Corp acquisition - Intabet - took over: Phil Jackson and Adam Fraser-Harris became non-executive chairman and interim CEO respectively...and have thus far remained as silent as their predecessors, leaving players none the wiser.
This week players were debating the best target for litigation, with the Malta-registered company that held Purple Lounge's licence the favoured choice, but Media Corp also in the line of fire.
This issue clearly has a way to run yet despite the company's silence on player concerns.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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