Purple Lounge Ltd is Under New Ownership

Friday October 16, 2009

Purple Lounge Ltd is now under new ownership and Media Corporation is the new owner. They are an AIM advertising network and online publishing company has announced that they have bought all shares of the Purple Lounge Ltd.

The Purple Lounge offers Purple Lounge Poker, Purple Lounge Casino, sports betting and other casino games. Since the Purple Lounge is operated in Malta Media Corp will be able to market their gaming services in the United Kingdom.

The chairman of Purple Lounge, Chris Gorman OBE has joined the board as a non executive director of Media Corp effective immediately. Justin Drummond is the Chief Executive of Media Corp and he had this to say:

"The acquisition of Purple Lounge will be a great addition to our growing list of impressive destination websites. In particular, it will bring a significant business to our leading website Gambling.com. By combining our marketing expertise with Purple Lounge's operational online gaming experience we hope to create a very profitable business going forward."