At the 2010 Global Gaming Expo, Media Corp., a UK based company, announced that one of the biggest online gambling domains, Gambling.com, is up for sale. A lot of casino groups have contacted the company to make offers but Media Corp. has decided it is better to finalize the selling through an auction.
The company should expect to receive a rough figure of $10 million as the competition is harsh and the firm that manages to get this domain will probably look forward to increase revenues substantially.
Media Corporation said that the company is looking forward to invest the proceedings of this sale in other projects, probably within the same field. Justin Drummond, the Chief Executive Officer of Media Corp. said that “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 gambling.com will give the Group significant financial resources to pursue these acquisition opportunities.”