28th of April 2011 Author: Glo Wood
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
3rd of March 2011
21st of October 2010
8th of October 2015
7th of October 2015
5th of August 2015
2nd of September 2015
14th of August 2015
27th of August 2015
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2015
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here