Tuesday September 2,2014 : PURPLE LOUNGE – MEDIA CORP EXEC RESURFACES
Jackson now involved with casino cash machines at Boxhill subsidiary Pay Corporation.
Phil Jackson, the erstwhile chief of the now defunct Media Corporation plc and the man who put its online gaming subsidiary Purple Lounge into liquidation to the prejudice of its many owed players, is now involved with a casino cash subsidiary of Boxhill Technology.
Stock Market Wire reported Monday that Boxhill subsidiary Pay Corporation has just installed its first cash casino machines at the Hippodrome Casino in London.
Boxhill says additional contracts have been signed with the next machine to be installed at the new Hilton Park Lane Casino and eight further sites have been agreed subject to contract covering many of London's most prestigious casinos.
The report quotes Jackson, who explained the product thus:
"Unless they carry large amounts of cash, casino visitors are often limited to the maximum daily withdrawal limit set by their card issuer. The ATM itself may also have an additional cash withdrawal limit per transaction.
‘For many players this restricts them from obtaining the larger amounts they wish to play for – there is a significant group of casino visitors who want to stake amounts in excess of £500 and do not have arrangements with casinos – Casino Cash allows those players to access larger amounts of money at the casino."
Boxhill says there is a significant need for accessing cash on casino premises, with some sites expected to distribute over £10,000,000 annually.
Casino Cash also captures data on those players who will spend between £1,000 and £100,000 per visit and can work with the casinos to "enhance the player experience" for this important group of customers.