Over the past several weeks, players have increasingly complained on internet gambling message boards that the payments from Media Corp’s online casino and poker venue Purple Lounge are excessively delayed, and communications with the operation have become very difficult.
This week the Casinomeister site felt obliged to post a warning, advising players:
“Purple Lounge is not responding …to numerous player issues that have popped up over the last couple weeks. The rep is AWOL and Support is not responding to emails.
“There are also (unconfirmed) reports that the casino and poker clients are down, that trading on the stock market is suspended, and that live chat is unavailable.
“Players Beware: There may be serious problems at Purple Lounge. Proceed with caution.”
The suspension of trading has been in place since April 16, when Media Corp advised that it was in advanced discussions with Gaming Media Group Limited regarding a reverse takeover under the AIM Rules for Companies (“AIM Rules”).
GMG is an online gaming company which combines one of the world’s largest TV channel dedicated to gaming and betting, The Poker Channel, with online gaming brand PokerHeaven.com.
Today (Tuesday) the company issued a further release, advising that its highly experienced entrepreneur, non-executive director and Purple Lounge founder Chris Gorman OBE (45) has resigned from the board with immediate effect “to focus on his other business interests in the telecommunications industry.”
Gorman was the main shareholder in Purple Lounge when it was acquired in 2009 by Media Corp for a total consideration of GBP 465,000 by way of an earn-out, payable over a period of up to 5 years .
Earlier this year Media Corp’s chairman Jason Drummond was replaced by founder Justin Drummond.
When we went to press a response from Media Corp was still awaited.