Vincent leaves Media Corp after 12 years
Interim CEO leaves alongside executive chairman " Adam Fraser Harris and Phil Jackson named as replacements.
Media Corp’s interim chief executive has stepped down from her role and resigned from the company’s board after more than 12 years with the troubled operator.
Vincent was appointed interim CEO after Justin Drummond announced he would become executive chairman of the group in March this year. However, after less than three months in their new positions both are to leave the company, following the collapse of reverse takeover talks with Gaming Media Group and the acquisition of betting platform Intabet last week.
Vincent joined Media Corp in January 2000 as managing director of its publishing division, the assets of which are currently being sold off, with domains Onthebox.com and Forexspace the latest to be sold, for a total of £250,000.
Drummond will be replaced by Phil Jackson, while Adam Fraser Harris takes over Vincent’s duties, again on an interim basis.
It is the latest setback for Media Corp, which last week announced trading profit from egaming had plummeted from £12,000 in 2011, to a loss of £417,000 in its interim results for the six months ending 31 March 2012.
This was largely attributed to the closure of its Microgaming-powered casino site Purple Lounge, reportedly on a temporary basis, due to continued losses and a legal claim brought against the site by CD Casino.com, which lists publisher and editor-in-chief of industry magazine iGaming Business Michael Caselli as a director.
In April it was announced that the company’s online joint venture with London’s land-based Hippodrome Casino to supply casino and poker products “ agreed in January this year “ had been delayed after the opening of the renovated venue was pushed back to the summer.