Key Takeaways
- Owners of defunct poker room Purple Lounge have finally decided to stop trading 16 months after leaving players out of pocket.
- The Maltese subsidiary of Mediacorp plc was effectively isolated from the parent company leaving players with no recourse under the law.
- New management have failed to turn the company around, so players’ final hopes of repayment are now effectively over.
Former owners of the Purple Lounge poker room Mediacorp plc have finally announced that the company is stopping trading. Purple Lounge went offline in April last year and into liquidation shortly afterwards, leaving players with a total loss of their deposits.
