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Purple Lounge: Problems with withdrawals Purple Lounge: Problems with withdrawals

05-14-2012 , 08:59 AM
Quote:
Originally Posted by Press Gang
right now noone can say if we will get paid
Ok, thanks. Can/should I take any action or is it just to wait and hope?
Purple Lounge: Problems with withdrawals Quote
05-14-2012 , 09:12 AM
Add me to the list of people hoping to get my money back. I'm surprised there isn't a bigger thread about this, I would have thought plenty of 2+2ers would be on this site and freaking out right about now.
Purple Lounge: Problems with withdrawals Quote
05-14-2012 , 10:51 AM
The 5 business days deadline is tomorrow... we'll see if there is more news then, or if they're gonna keep on stalling.

I've been keeping up with the story, and as usual in cases like this the views range from 'the horses have left the barn' to 'I'm sure they will come up with something.' The parent company seems to have 650k pounds in cash, some other assets, and shareholders to answer to, so at least that bodes well.
Purple Lounge: Problems with withdrawals Quote
05-15-2012 , 10:16 AM
I'm curious if any of you guys got that Devilfish Poker e-mail I've been reading about. A bunch of poker sites claim that Purple Lounge players received an e-mail from Devilfish, saying 'welcome to the Devilfish Poker Network', but I never got any such e-mail.
Purple Lounge: Problems with withdrawals Quote
05-15-2012 , 10:27 AM
Quote:
Originally Posted by Requin
I'm curious if any of you guys got that Devilfish Poker e-mail I've been reading about. A bunch of poker sites claim that Purple Lounge players received an e-mail from Devilfish, saying 'welcome to the Devilfish Poker Network', but I never got any such e-mail.
I got this e-mail four times. It only had a subject line saying such a thing. The rest of the e-mail was empty each time.

I just received an e-mail from Purple Lounge:

Quote:
Thank you for your ongoing patience.

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.

Many thanks,
The Purple Lounge Team
Purple Lounge: Problems with withdrawals Quote
05-15-2012 , 10:32 AM
Hope the cashout button works.
Purple Lounge: Problems with withdrawals Quote
05-20-2012 , 12:20 PM
I've written a longish article about this farago on Pokerfuse:

http://pokerfuse.com/features/commen...mands-answers/
Purple Lounge: Problems with withdrawals Quote
05-20-2012 , 12:31 PM
Nice article... hopefully it draws more attention to the issue. The audacity of these thieves is outrageous.
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05-20-2012 , 02:46 PM
somebody please cross link this on NVG, this deserves more eye-balls than it is getting on this forum, it is a disgrace how our money is being handled by this company
Purple Lounge: Problems with withdrawals Quote
05-20-2012 , 03:28 PM
Start a thread about it on NVG ...

I want more eyeballs on this. I think we should be more proactive about taking collective action against these scumbags.

But I wrote the article and it's on another website: 2+2 has been very supportive in not deleting the link from this thread - which is standard policy. Fortunately the mods recognise that some links, and I think this is clearly one of them, are very much in the players' interest.
Purple Lounge: Problems with withdrawals Quote
05-20-2012 , 05:25 PM
Thanks for the article, it was good. Has there been any talk about action towards IGT? IGT (the owner of the network purple lounge was a skin on) is an American owned, Nasdaq traded public company with a valuation of over $5 billion. Do they have no responsibility for allowing this to go on? It appears they did nothing to verify purple lounges liquidity seeing purple lounge was only on their network for about a month before they went belly up. Could a class action law suit against IGT be in order here as well as action against purple lounge?
Purple Lounge: Problems with withdrawals Quote
05-20-2012 , 06:09 PM
Purple Lounge (IGT/entraction network) suspended their poker services about a month ago (24th April I think). When trying to access the poker site, players get the following notice:



It's also not possible to access the casino or cashier. As far as i know no cashouts have been processed since that date - I made a request for a fairly large cashout (~$7k) the day before the site went down and haven't received any correspondence from purple lounge regarding it.

Since the site went down, the few emails from purple lounge have lacked in substance and have promised deadlines for when players can expect a resolution to the situation which have subsequently been missed.

These are the emails i've received from Purple Lounge since the site went down:

April 30th



May 8th



May 15th



Purple Lounge is owned by Media Corp (http://www.mediacorpplc.com/) which is listed on the AIM. The company appears to be in pretty bad shape so things aren't looking very good for players.

I realise that i'm not strictly allowed to link posts to other sites. But the article that Jocelyn Wood (Pokerfuse) wrote on the situation at Purple Lounge is so good that I hope mods will let me keep the link in my OP because of the gravity of the situation. The article is here. There's also a zoo thread about the situation here.
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05-20-2012 , 06:11 PM
Great article xPeru. I've made an NVG thread here: http://forumserver.twoplustwo.com/29...iffed-1201612/
Purple Lounge: Problems with withdrawals Quote
05-20-2012 , 07:06 PM
threads got moved/merged but im trying to get them unmerged and a thread put back in nvg.
Purple Lounge: Problems with withdrawals Quote
05-21-2012 , 07:58 AM
Received at 12:30 today.

Quote:
Dear TylerD,
Thank you for your ongoing patience.
We will contact all players in due course.
Many thanks,
The Purple Lounge Team
Better communicators than Full Tilt, I guess. Just.
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05-21-2012 , 10:03 AM
I would suspect the Devilfish move to be a red herring. When Full Tilt went down they were snap quick in there to try and poach their players and a lot of people were annoyed at having salt rubbed in the wounds with smug promotional emails. This way by sending a blank email they get people talking about their site (I mean why else would you talk about their site?) and they can just pass it off as a mistake. A lot of promotion and mentions for a blank email. I mean that's all anyone has to go on with that, right?

As for Purple Lounge, thankfully I was very suspicious and determined and managed to get my money out of there as soon as they moved networks. There were warning signs and I think their promotions were far too good when they moved networks, out of step with the rest of the industry and clearly a money grab. They knew they were going down and tried to get as much money in as possible. Even the day before they went down I get an email saying I'd qualified for a WSOP main event freeroll. The same freeroll I'd deliberately not fulfilled the requirements of (deposit once in Jan, Feb and March) and they had repeatedly told me if I withdrew my money I would not be eligable for this freeroll. Any excuse to just get my logged on and possibly depositing, because the Main Event seat was never going to be real, because they knew they were going down. But I could have easily had money stuck on there and have nothing but disgust for the people that run the site.

Have real sympathy for people with funds on there because before they moved to Entraction, on the surface it seemed like everything was ok there and it had the veneer of some respectability. Digging back now it seems there have been lots of problems with the parent company, but I'm as guilty as others as assuming as it was listed on the Alternative Investment Market, everything should be above board and ok.

I'm shaking my head as I type this. Makes me very annoyed.
Purple Lounge: Problems with withdrawals Quote
05-23-2012 , 05:52 AM
So, class action suit time.

Does anyone know who we can talk to about that? We need to get started while the company still has SOME funds. It looks like they might go under, and will have more people claiming money owed to them than they can pay. I want our claim to be registered ASAP. Otherwise, if we sit on this, all the other claimants will be organisations with lawyers/legal teams putting pressure on, and I don't see us getting paid before them, which means we probably don't get paid at all.

This isn't some hopeless cause. There are real, publicly traded companies with responsibilities to us that are still operating. Let's get moving on this. There isn't a huge number of people in this thread so it's pretty much on us to get something started. Everybody do some research and try to figure out who to talk to/how to get this started.

Last edited by Requin; 05-23-2012 at 06:06 AM.
Purple Lounge: Problems with withdrawals Quote
05-24-2012 , 01:51 PM
I am also interested in getting my 140 euros, but have no ideas who to ask for help.

When someone will kick asses hard for those who steal players money? Where is the police or something? If I would steal something I would go to jail. If they steal, nothing happens.
Purple Lounge: Problems with withdrawals Quote
05-25-2012 , 12:37 AM
If I hear nothing from Media Corp (PL owners) by Wednesday I'm going to report them to the City of London Police and; the Serious Fraud Office.

I will also email every regulator and make a formal objection to any application for a gaming licence made by Media Corp or its subsidiaries (especially including Intabet which has just been incorporated into Media Corp, and taken over the Chairman and CEO role - Intabet doesn't yet have, but needs a gaming licence in the next few months).

I will contact Media Corp's Nominated Advisor (Nomad) and warn them of Medi Corp's actions, and alert them to what I believe is a contravention of AIM rule 17 in that Media Corp did not issue a regulatory news announcement on the termination of its gaming licences in Malta. The Nomad has a regulatory responsibility and can be sued if it fails to fulfill that responsibility to monitor the companies it advises.

Let you know how it goes.
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05-30-2012 , 05:58 AM
Good work, guys! And GL xPeru. Let me know if I can do something to help.
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05-31-2012 , 09:41 AM
PL now gone into liquidation

http://www.mediacorpplc.com/Pages/Pr...ticle_20133356

We've done an article on it at Pokerfuse.

Players are not expected to be paid in full (if at all). Clearly the company used player funds to pay for its salaries and operating expenses in contravention of the Malta LGA rules.
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05-31-2012 , 10:13 AM
Anyone have any idea of the corporate relationship between MediaCorp and Purple Lounge?

Should we set up a group of players to file a claim against MediaCorp? How would that work? Would the group of players have to be UK or EU?
Purple Lounge: Problems with withdrawals Quote
06-17-2012 , 02:52 PM
can we do anything about this?!?! no knowledge of legal system, but there must be SOMETHING players can do. they literally just stole our money!!!
Purple Lounge: Problems with withdrawals Quote
06-22-2012 , 09:00 AM
Quote:
Originally Posted by Silent_0ne
can we do anything about this?!?! no knowledge of legal system, but there must be SOMETHING players can do. they literally just stole our money!!!
+1

Couse this situation is totally crazy, that means that every poker site could just cloose and get our money!
Is there any way to do something?
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