Gambling News 31st May, 2012

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MEDIA CORP MANAGEMENT ABANDONS PURPLE LOUNGE (Update)

31st May, 2012 at 10:41:40
Media Corp puts wholly-owned subsidiary Purple Lounge into liquidation

In yet another unusual Purple Lounge development Thursday, the new executive management at parent group Media Corp plc, Adam Fraser-Harris and Phil Jackson, announced in a statement that they were consigning the failed online casino and poker enterprise to the corporate scrapheap.

Full Story: Media Corp Management Abandons Purple Lounge (update) »

INTERNET TRAFFIC ABOUT TO ENTER A PERIOD OF EXPLOSIVE GROWTH

31st May, 2012 at 03:37:29
By 2016, Internet traffic globally is expected to reach 150 petabytes an hour, or "the equivalent of 278 million people streaming an HD movie... simultaneously."

Brace yourselves for massive increases in internet traffic, is the message from the latest Cisco VIsual Networking Index Forecast, which predicts that traffic will increase four times to 1.3 zettabytes (one zettabyte is equal to a trillion gigabytes) by 2016.

Full Story: Internet Traffic About To Enter A Period Of Explosive Growth »

PURPLE LOUNGE PLAYERS CONSIDER LEGAL ACTION (Update)

31st May, 2012 at 03:37:29
New management of parent company remains silent as shares dip

Amid financial media reports that Purple Lounge parent Media Corp plc shares have declined still further to half a penny (the 52 week high was 2.08), still unpaid - and uninformed - players were this week planning to lodge legal claims against the company.

Full Story: Purple Lounge Players Consider Legal Action (update) »