Purple Lounge Closes Poker Room

PurpleLounge.com, the online poker and casino website, has been pulled offline by its parent company Media Corp.

The short-notice move by the company happened when it became, “…clear that the Purple Lounge is trading materially behind the same period of the previous financial year which will result in increased losses for the division and, as a result, the Company as a whole,” according to a trading statement issued by the company on Friday.

Media Corp, which earlier this month announced its intention to explore taking over its parent company Gaming Media Group, also said, “The directors believe that Purple Lounge has suffered as a result of negative trade press (much of which the directors consider totally unfounded) particularly surrounding the litigation brought against one of the Company’s subsidiaries by CD Casino.com Limited.”

The reason for the litigation is unknown.

The company explained that it was considering options for the future of Purple Lounge in order to prevent further losses. Media Corp said it had loaned Purple Lounge £900,000 in the last few months and had never received cash or dividend from Purple Lounge.

PurpleLounge.com moved from the Microgaming poker network in January 2012 to Entraction (now International Game Technology).

Poker players with money on the site now have a nervous wait to find out what happens next.

Most Viewed Articles