pokerfuse online poker news

Purple Lounge: Latest News

Under rules set out by the Gambling Commission of Great Britain (UKGC), all internet gambling businesses must hold player deposits in a separate bank account,...
Player Funds Protection in the UK: How Online Poker Operators Protect Your Money

We list 26 UK gambling operators and how they protect your player funds.

The race to find a buyer for bwin.party heats up with Amaya supporting a bid by GVC and 888 independently competing to takeover the company.
Industry Insight

All eyes are on bwin.party as the names of potential bidders are revealed.

CEO of PKR, Malcolm Graham, is leaving the poker operator to take up a position as Vice President of Gametech.
PKR CEO Leaves for a Job With Former Purple Lounge Chairman Jason Drummond

Malcolm Graham’s departure is the second senior executive to leave PKR this year.

The UKGC responds quickly to the final passage of new laws with the publication of a full License Conditions document and an updated FAQ.
Regulation in Review: Europe and Beyond

A weekly review of the latest developments in gaming regulation outside the US. This week: the UK, Malta, Belgium, Mexico and Alderney.

According to a source within the Player Claims Group, the CVA "narrowly passed" in a May 8 vote in which players' votes were not counted.
Purple Lounge Update – Media Corporation Creditors Approve CVA

Affected players’ votes not counted.

The Purple Lounge Player Claim Group is seeking to recover losses of around $600,000. Players have been offered a deal where they would receive between 1% - 5% of their losses.
Upcoming Vote to Determine Fate of Player Funds Following Purple Lounge Collapse

The chances of players recovering money after Purple Lounge collapsed could be determined soon.

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…
Purple Lounge Parent Company Fails

Sixteen months after closing its Maltese-licensed Purple Lounge poker room, Mediacorp has finally made the decision to cease trading.

Owners of defunct poker room Purple Lounge have finally decided to stop trading 16 months after leaving players out of pocket.
Purple Lounge Owner Mediacorp Ceases Trading

Sixteen months after closing its Maltese-licensed Purple Lounge poker room, Mediacorp has finally made the decision to cease trading.

The new management of Media Corporation plc, owners of Purple Lounge, have finally said something about the collapse of the poker room.
Purple Lounge Demise: New Directors Break Silence, Players Consider Legal Options

The new management of Media Corporation plc, owners of Purple Lounge, have finally said something about the collapse of…

MediaCorp PLC has finally appointed a liquidator for defunct subsidiary Purple Lounge. The announcement was made in the London Gazette and includes details of…
Liquidator Appointed for Purple Lounge

MediaCorp PLC has finally appointed a liquidator for defunct subsidiary Purple Lounge. The announcement was made in the…

The Nevada Gaming Control Board has recommended that International Game Technology (IGT) receive an interactive gaming license. The Board looked favorably upon…
Failure of Purple Lounge Not Cause for Concern in IGT Nevada License Recommendation

Even though newly-acquired Entraction serviced US customers pre-UIGEA, and its skin Purple Lounge is failing to repay players, IGT takes the next step towards being licensed in Nevada.

Media Corp PLC announced today that its Purple Lounge division is entering liquidation. All staff have been laid off and the loss of player funds is “expec…
Loss of Player Funds “Expected” as Purple Lounge Liquidated

All staff laid off, business liquidated and player losses are expected as Media Corp admits to “historical operational financial failings” at Purple Lounge.

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Desperate For Fantasy Points, Daniel Negreanu Suggests $5 Million Buy-in WSOP Event
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