29/04/2011, Online casino

Media Corp, the UK Seller of the domain name Gambling.com, has announced the sale of the domain for just $2.5 million.

According to the online domain specialist Sedo, which brokered the sale of gambling.com, this was the highest price paid for a web address this year. The domain was sold to an unnamed UK company.

“The sale of Gambling.com brings a significant boost to the Group’s already substantial cash reserves; 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,” said Justin Drummond, CEO of Media Corporation plc.

Media Corporation did not reveal the identity of the acquirer, but mentioned that the transaction includes only the domain Gambling.com and the website. The transaction was completed on April 27th.

Justin Drummond, chief executive of Media Corp, said the company is pleased with the result of the sale. “The team at Sedo has made the negotiation process as straightforward as possible and have helped us secure a great price.”

The sale of the gambling.com domain name, was the third biggest sale that Sedo, the leading domain marketplace and monetization provider handled, following sex.com, sold for £7.8 million and vodka.com, sold for £1.8 million.