You might find this interesting – Latest Company News for Media Corporation | Stock Market Wire especially the entry on 15th Feb.
Also,
“Last week, under mounting pressure from player complaints, Media Corp – Purple Lounge’s parent company – announced in a trading update that it was suspending PL operations because the company has been less than successful since it was taken over eighteen months ago. In fact, the company noted, it had been required to shore up the operation with £ 900,000.
The trading update came in the wake of boardroom resignations from two directors, one the Purple Lounge founder, Chris Gorman. Another was an apparently disgruntled director of only 7 months standing who complained that he had found it impossible to extract information on the company’s activities from executive management, according to an investor newsletter.
Media Corp placed the blame for Purple Lounge’s difficulties on “negative trade press comment” arising from litigation against a Media Corp subsidiary by the little known CD Casino.com and its sole director, M. Caselli. The action was flagged earlier this year by Media Corp, which advised that it would vigorously contest the allegations, but did not explain publicly what these were.
Currently, players have no online means to contact the management or support with their anxious enquiries, triggering speculation that the PL support centre may have been shut down.
Complaining players have pointed to company reports from end March 2012 showing that Media Corp had, at that stage, £ 400,000 cash, plus a further £ 250,000 from the recent sale of two unsuccessful subsidiaries.”
Thats from – PURPLE LOUNGE CASINO AT LAST DEIGNS TO COMMUNICATE WITH PLAYERS – GAMBLING INDUSTRY NEWS