Update: Media Corp Finally Gives Insight into Purple Lounge Issue


Probably in light of news that unpaid players of the UK listed company Media Corp&s Purple Lounge online casino and poker room are gathering information and consulting with lawyers on losses that allegedly total over $500,000, Media Corp finally issued a statement regarding its beleaguered operation and its situation with the owed players.

In it, the company informs the public that Purple Lounge players are creditors of the regulated company, Purple Lounge (Malta), and have been listed as such for that company, which holds the relevant player balances.

The company then added that the process in Malta, where most of the claims lay, is court led and complicated. “We believe the outstanding balance of players funds is approximately $800,000,” the Media Corp notes, adding that the detailed statement of affairs which must be published as part of the liquidation process will clarify the entire position.

Furthermore, it was stated by the current management of Media Corp that it is keen to “ensure that any speculation about player balances and potential consequences of the liquidation of Purple Lounge and its impact on players and regulators is based on the facts.”

Explaining its silence, the company said it&s due to the liquidation process and a desire “not to jeopardize any claims by placing one creditor above another.”

The company also underlined in its statement that “To be clear, we know a small group of players have outstanding balances of over $10,000, some of whom are assessing their position, though any claim we believe would be against Purple Lounge and former Purple Lounge Directors and Management.

“The liquidation process requires people to register their debts and each player with a balance will be contacted by the liquidators over the coming weeks.

“If there has been any wrongdoing the new management team will be supportive of any action to bring wrongdoers into account.”

Asked about any potential intentions to revamp Purple Lounge in the furtherance of the Intabet enterprise, Media Corp said: “It was considered before the acquisition, but once the new management had reviewed the situation it became clear very quickly that there was no option but to close the operation due to the financial and operational failings of the past.”

Will these statements and others made by the present Media Corp management, such as that they “will be supportive of any action to bring wrongdoers into account,” suffice to make players more patient, it&s hard to say. New developments in the unpleasant situation will be closely followed.

Comments are closed.

Top Fruit Slot Sites

First Web Casino

First Web Casino
100% Match Play Bonus up to $75 Free at First Web Casino! PLay at One of the 1st Online Casinos on the Web....

Play Now

Las Vegas USA

Las Vegas USA
Deposit $20 to $100 and get a 125% bonus. Las Vegas USA gives players better odds than any of Las Vegas’ land-based casinos; and players are free to play in the real money as well as fun modes ...

Play Now

All Jackpots Casino

All Jackpots Casino
100% Bonus offer up to $200 Free at All Jackpots Casino. Plus, they are giving players 10% cash back on every purchase, up to 350 bonus credits per month! Together, this means you receive over 4000 bonus credits a year!...

Play Now

Slots Jungle

Slots Jungle
Slots Jungle will match each of your first 10 deposits by 100% up to $1,000 for a grand total of $10,000. No other online casino offers you this much extra free cash to play with. So start cashing in today! To collect, simply redeem bonus code: JUNGLEWELCOME ...

Play Now

Online Vegas Casino

Online Vegas Casino
$5000 in Welcome Bonus Offers at Online Vegas Casino . Receive Bonuses on Your First 10 Deposits and 4 Free Slot Tournament Entries of Your Choice!...

Play Now

GoWild Casino

GoWild Casino
One of the best things about GoWild Casino is its warm welcome package of €1000. Start off with •100% Bonus, up to 200 •35 free spins on the exciting Bonus slot - Hitman...

Play Now

King Neptunes Casino

King Neptunes Casino
Enjoy a 100% Welcome Bonus - up to $100 FREE - when you join King Neptune's Casino and make your first deposit!...

Play Now

WildJack Casino

WildJack Casino
Wild Jack Casino is offering an unbeatable 100% match bonus, up to 100 credits, with your first deposit! Plus, all players get 10% cash-back on deposits, up to 250 credits each month! That's over 3,000 credits per year! ...

Play Now

Casino Titan

Casino Titan
There’s a free (no-deposit) $7 for new players at Casino Titan plus you also receive up to $3000 in new player Bonuses...

Play Now

Planet7 Casino

Planet7 Casino
Another Fantastic Online Casino on the RealTime Gaming Software is Planet7 Casino. You can get a huge amount of Bonus offers up to $7777 on your 1st 8 Deposits to the casino. They also have a massive array of ongoing Bonuses and Promotions!...

Play Now

Recent Additions