oft
Omg Gerv your avatar is awesome! I want one of my own!

can someone setup a letter so we can copy it all?

Does anyone have new information about this $hit? LGA haven't responded anything for me.

No response from the LGA here either. I sent another e-mail this week.

There are not many updates. This is the last post in the Casinomeister thread: http://www.casinomeister.com/forums/...tml#post493987

On July 5th there is a General Meeting of the MediaCorp shareholders. Players living nearby could buy some shares to be allowed to attend the meeting.

Probably after this meeting they will mainly focus on launching Intabet, which is a sports betting product. The fact that Purple Lounge players were not paid does not seem to be a great threat to their their business plans...

Pretty much industry standard scenario!

has the liquidator been appointed yet?

Sorry for the slight off topic but I'd be interested in hearing more about this. Any links appreciated.

smoothest completion ive ever witnessed

I haven't heard from LGA either (send two e-mails). What do these clowns do, exactly?

I was planning on attending the NGC meeting tomorrow anyway.

However, there is ZERO chance the IGT online gaming application will not be favorably acted on by the Commission. Nor should it even be delayed. This is a time to educate and discuss the issues, not foolishly try and threaten someone who "could" be of assistance.

(As generally happens, no one hurt by this lapse by Entraction stepped up to represent aggrieved poker players in this matter, despite an opening to at least perhaps get IGT on record as to their responsibility or not for past operation by Entraction of their purchased Network, outside Nevada.)

The opportunity to approach IGT in a regulatory context is not lost forever, however. IGT is up for approval as a manufacturer and should be approved; there will be an opportunity to comment later on appropriate rules to operate a poker network, a new concept for Nevada.

This is especially so where a network might face player liability/integrity claims arising from the conduct by non-Nevada skins it supports.

I would be willing to consider work on that angle, of lobbying for rules ensuring network liability for skins' players, ..... but not for free.

pm me if you want to discuss this matter.

From Wiki about bank deposit accounts, but the same legal situation holds for accounts with a poker site:

http://en.wikipedia.org/wiki/Deposit_account

"In the audited financial statements of the bank, on the balance sheet, the $100 in currency would be shown as an asset of the bank on the left side of the balance sheet, and the deposit account would be shown as a liability owed by the bank to its customer, on the right side of the balance sheet. The bank's financial statement reflects the economic substance of the transaction—which is the bank has actually borrowed $100 from its depositor and has contractually obliged itself to repay the customer according to the terms of the demand deposit account agreement. To offset this deposit liability, the bank now owns the actual, physical funds deposited, and shows those funds as an asset of the bank."

PokerStars explicitly states in its T&Cs:

"10.10. You acknowledge and agree that monies deposited by you in your PokerStars account are held in a trust account on your behalf."

Money in a Trust account is owned by the Trust. The trust must follow legal rules in disbursing monies.

NB This is 100x better than most poker sites which don't hold your money in a trust. Even those which "segregate" funds, simply mean that they put them in a different bank account. Segregation of funds doesn't imply that they are protected against depredations. AFAIK only PokerStars actually hands over legal control of funds to a 3rd party to ensure that player funds are not misused by the business.

Hello everyone

I have spoken to Lawyer and he told me this,

Make letter to FSA http://www.fsa.gov.uk/ that should start inquiry, if that dont help players should go together and get lawyer againts Media Corp, because Media Corp is responsible of Purple Lounge.

Hey guys,

I am creating a skype group to group players with money PL and to discuss further action.

PM me your Skype name if you want in.

I don't think the FSA cover gambling with the exception of financal spread betting.

http://www.london-gazette.co.uk/issu...ings-creditors

The liquidator of Purple Lounge LTD has been appointed!

This is great news!

hey..whats your skype? you can post it here then delete after I added you

add me too,
my skype: zakowski31

I'm glad you're being proactive about this for all of us man... Skype name PMed.

As far as I know, players with outstanding balances, affiliates too, are creditors.
Secured creditors have to be paid first before creditors, if someone goes to see the full list of names we could see if there is any chance we will see any of the money owed.

Please post if you are able to go to either the viewing of the company's creditors or the meeting itself.

There is a contact person mentioned in that notification. Has anybody bothered to call and ask for details? If you have money in there, STOP looking for others to do the legwork for you! Do you honestly think that someone will contact you and say "let me give you your money back"?

The thing is Media Corp has only appointed a liquidator for Purple Lounge Ltd, which apparently has nothing to do with player funds. Players are NOT on the creditors' list for this company.

There is another company, probably Purple Lounge Malta, which is responsible for player balances.

Media Corp is mainly focused on launching another gambling site, Intabet. Paying Purple Lounge players does not rank very high in their priorities list!

Stars....it's all about Stars.

Before you deposit your mannies, take a look at the agreements in place when you check the little box.

Skype name PMed.

And what can you change? I don't read them carefully but I assume more or less all sites have the same agreements. Ok, stars maybe is better choise, but to play if not the best, unless you are mass multitabler and need good soft and traffic

I'm not sure this is Purple Lounge (Malta) Ltd though and think Purple Lounge Ltd may just be the management company. Best to check with the liquidator first if you are thinking about attending.

I have a bad feeling they are liquidating the management company only and trying to hide the players debts in the Malta arm for as long as possible. Hopefully teh liquidator can clear that one up for you guys.

Who is Media Corp ? Is it based in or related to Singapore ?