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$2.5 million paid for Gambling.com

Written On  4/29/11 By Recentpoker.com staff writer  Lenny Wasman :

$2.5 million paid for the perfect gambling domain by unidentified UK company
 
When the UK-based Media Corporation group bought the domain Gambling.com back in 2005, the consideration paid was a whopping $20 million.
 
That was before the UIGEA....this week an unidentified UK buyer snapped up the perfect gambling domain for a mere $2.5 million.
 
Nevertheless, Media Corp's chief executive, Justin Drummond, pronounced himself "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.”
 
It wasn't just the UIGEA that plagued Gambling.com's fortunes shortly after it was acquired; two years after the purchase, Google imposed an inexplicable penalty which was only lifted in 2009, further driving down gross margin from the domain by some 60 percent or more.
 
The sale price falls well short of the reportedly $5.5 million paid by Bodog Brand for the purchase of Slots.com last year (see previous InfoPowa reports), but is better than the $1 million paid by PokerCompany.com for the Poker.org domain, also last year.
 
The identity of the new owner of Gambling.com remains shrouded in mystery, piqued by a comment from Sedo which indicated 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."



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NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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