WARNING Please note I have not verified the information contained in this thread so PLEASE DO YOUR OWN RESEARCH

LATEST SIGNIFICANT NEWS

13 Oct 09 Purple Lounge acquisition for 1Gbp, 465,000 earn out, and had net assets of (685,000)

16 Oct 09 Google penalty on two of the Groups major websites was lifted

28 Jan 10 Media Corp, placed its entire holding of 29,102,728 treasury shares with institutional and other investors at a price of 3 pence per share. The placing will raise 0.87 million for the Company.

26 May 10 Half year results - Revenue up 415% to 10.3m Pre-tax profit 157,000 Net cash 2.3m.

14 Jun 10 Profitable growth at Purple Lounge has continued with revenues soaring to over 10 million in the first two months of the second half of the year. This figure is almost equal to Group revenues for the whole first half of this financial year.

17 Jun 10 On 16 June 2010 certain directors and senior management of the Group exercised 24,250,000 warrants at a price of 1p raising the company 242,500.

21 Jun 10 In anticipation of potential changes to the capital gains tax regime Jason Drummond, Justin Drummond and Nilesh Jagatia, all directors of the Company, have today sold 5,250,000, 13,000,000 and 2,250,000 ordinary shares at 3.3p, respectively.

11 Aug 10 Purple Lounge milestone of 100,000 registered users (77,475 10 months earlier)


BROKER FORECAST
Astaire Securities believes Media Corp which owns the gambling.com web portal and Purple Lounge poker website, will benefit from regulation and taxation of online gambling in the United States. Analysts at Astaire have their EPS forecast at 0.36 pence (1.2m profit) in 2010 and 0.86 pence (2.8m profit) in 2011 Astaire is currently forecasting revenues of 34.3 million in 2010 and 46.25 million in 2011.

"Definitely wander onto an extremely high stakes table (at purple lounge) if any two or more people are playing it's an amazing spectacle every time."
"Purple Lounge boasts a high level of traffic but more importantly a high level of quality traffic, i.e. high rollers and people dedicated to the game. The high numbers of quality players proves that Purple Lounge is an ever growing Poker Room that has progressed from strength to strength."

Results to y/e Sept can be upto six months away, but we should get a trading update anytime soon

The last we knew was Purple Lounge had increased turnover organically from c2m per month to 5m

Maybe the most comprehensive review I have seen:

http://www.fortunepalace.co.uk/purple-lounge-casino-review.html