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11|25|2010 03:14 pm EDT

Media Corp Wants to Sell Gambling.com to Fund Acquisitions

by Frank Michlick in Categories: Domain Sales

Gambling.com Screenshot

Known for selling (and buying) Domain Names such as Casino.co.uk for £3.62 MM ($5,7MM USD) million and Casino.de for €400,000 ($532,840 USD), public company Media Corp (LSE:MDC) is now looking to sell Gambling.com as reported by PaidContent.org. In 2008, the company bought Sport.co.uk for £135,000 ($212,460 USD).

CEO Justin Drummond, in his announcement, says: “Whilst the group has significant cash reserves, we have recently seen a number of exciting acquisition opportunities in the online gambling and online advertising space. The successful sale of http://www.gambling.com will give the group significant financial resources to pursue these acquisition opportunities.”

Drummond says Media Corp had already received approaches for Gambling.com. It’s now appointed domain warehouse Sedo to broker a sale.

The company has £2.2 ($3.46) million in cash and reported an annual gross profit of £6.3 ($9.91) million on £25.6 ($40.28) million income.

[via Paid Content]

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6 Comments

Ariyas

November 25, 2010 @ 4:21 pm EDT

Great generic domain. Easily would fetch more than $x,xxx,xxx

john

November 25, 2010 @ 8:15 pm EDT

mobile gambling names or tablet domain names are the ones to buy. You guys are behind the curve.. Tablets.com probably went for 500k

jp

November 25, 2010 @ 11:18 pm EDT

Huh? They want to sell their best gambling domain and replace it with a multitude of inferiorgambling domains? I don’t get it.

Antypas Makis

November 27, 2010 @ 7:28 pm EDT

Selling Gambling.com is a mistake. they should cut expenses from elsewhere and grow slowly rather than selling. It’s a law in real estate : sell your yacht, car, wife…. but never real estate :)

Sandra Hageman

November 27, 2010 @ 9:09 pm EDT

uh….Great generic domain. Selling Gambling.com is a mistake.

spillemaskiner

September 29, 2016 @ 1:01 am EDT

mobile gambling names or tablet domain names are the ones to buy. You guys are behind the curve.. Tablets.com probably went for 500k

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