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Media Corp Still Stalling On Poker Communication
Wednesday May 16, 2012 : MORE STALLING FROM PURPLE LOUNGE PARENT
But still no real information from online poker and provider operator's parent Media Corp group
Purple Lounge online casino and poker players and Media Corp shareholders are becoming increasingly restive at the lack of real communication from parent group Media Corp plc, which this week stalled for the third time in as many weeks with an uninformative holding email.
The latest email communication merely advised: "Purple Lounge is working hard on a resolution to our current situation and we hope to give you further news by the end of the week. We are anticipating a relaunch of the gaming services in the very near future."
This follows an original email promising information within seven days, followed by one promising details in another five days.
For some months now players have been complaining about no or slow payments from the company, which last month abruptly shuttered its online operations without giving reasons or briefing players on what is to happen to their account balances.
Since then Media Corp executives have ignored attempts by players and media to open a dialogue, although in a corporate statement the company admitted that Purple Lounge was in financial difficulties and had consumed around GBP 900,000 in company financial resources.
Media Corp shareholders on various specialised message boards have been scathing about the alleged mismanagement of the company and its lack of success.
Chairman Justin Drummond has claimed to be in negotiations with Gaming Media Group, which owns The Poker Channel and Poker Heaven, but no detail on these talks has emerged from either company.
In the absence of transparency and disclosure, speculation has been extensive, excited further by a blank email welcoming Purple Lounge poker players to Devilfish Poker which was apparently sent out in error recently.
As We to press this morning, Media Corp's silence was broken by four press releases in quick succession, reporting:
* The resignation of Drummond and CEO Sara Vincent
* The failure of the Gaming Media Group negotiations
* A new deal with Intabet
* Dismal six month interim financial report for Media Corp.
See our afternoon bulletin later today for more detail.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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