Gambling.com Sold for Less than Expected


Unidentified UK company buys perfect gambling domain

Judging by the difference in the price paid by the UK-based Media Corporation group for the domain Gambling.com back in 2005, and the one for which it was bought now, the values of perfect gambling domains seem to drop, perhaps due to the effect of the UIGEA and an inexplicable penalty imposed by Google, which was lifted in 2009.

Namely, the price six years ago amounted to $20 million, whereas now the same, perfect gambling domain was sold for $2.5 million. Still, the almost tenfold smaller sum didn’t prevent Media Corp's chief executive, Justin Drummond, to state that he is "very pleased" with the sale, which was brokered through the domain marketplace Sedo.

“The sale of Gambling.com brings a significant boost to the group’s already substantial cash reserves," said Drummond. "We have recently seen a number of exciting acquisition opportunities in the online gaming and online advertising space. The successful sale of Gambling.com has given the group more than adequate financial resources to pursue these acquisition opportunities aggressively.”

However, the price reached by the popular domain is much lower than that paid by Bodog Brand for the purchase of Slots.com last year ($5.5 million), but it still exceeds by far the sum of $1 million paid by PokerCompany.com for the Poker.org domain, also last year.

It’s still not known who bought the domain, but Sedo commented that the UK-based company will be "...well placed to capitalise on the benefits of such a memorable keyword domain considering the health of the online gambling market in the UK."

General Gambling News Gambling Law & Society News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from United Kingdom read Superior Casino review

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    21
  • Members Online
    406
  • Guests
    1,758
Highest Community Rated Online Casinos
SlotsMillion
  (113 Ratings)
32 Red Casino
  (374 Ratings)
Guts Casino
  (211 Ratings)
Club USA Casino
  (307 Ratings)
Mr Green Casino
  (323 Ratings)
Buzzluck Casino
  (189 Ratings)
Lucky Red Casino
  (242 Ratings)
Videoslots.com
  (182 Ratings)
Nexxedge
  (57 Ratings)
Bet365 Games
  (198 Ratings)
NextCasino
  (182 Ratings)
Betsson Casino
  (246 Ratings)
CasinoLuck
  (251 Ratings)
JackpotLuck Casino
  (24 Ratings)
Unibet Casino
  (169 Ratings)
Betsafe Casino
  (222 Ratings)
Redbet Casino
  (179 Ratings)
Casino Adrenaline
  (37 Ratings)
ComeOn Casino
  (288 Ratings)
Spin Palace Casino
  (134 Ratings)
Casino Extreme
  (199 Ratings)
Raging Bull
  (81 Ratings)
Vera John Casino
  (205 Ratings)
Thrills Casino
  (166 Ratings)
Slotland
  (357 Ratings)
Intertops Red Casino
  (143 Ratings)
BETAT Casino
  (226 Ratings)
Ladbrokes Casino
  (170 Ratings)
InterCasino
  (159 Ratings)
Slotty Vegas
  (135 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus