home casinos play poker play bingo play instant win games gambling news archive forums
- -
Bookmark current page
→ casino
→ online casino
→ online poker
→ poker
  Recommended Sites
  Featured Partner
Gambling Articles
Gambling Experts
News Archive
Contact Us
Bingo Aff Program Gambling News Archive goes up for sale

Media Corporation is to use any profits to fund acquisition opportunities following approaches from fellow online gambling operators.

Monday 29th November 2010

Internet media and advertising firm Media Corporation has signed a deal that will see it sell its online gaming and information portal through domain brokerage firm Sedo GmbH. London-based Media Corporation operates Malta-licensed online casino and poker room alongside the Eyeconomy advertising network and solutions provider and stated that it would use any funds from the sale of to ‘fund acquisition opportunities’. “While the group has received a number of very significant indicative offers for, the board believes that a formal auction process with the world's leading domain name broker will achieve the best possible outcome and valuation as Sedo is uniquely positioned to present the domain to global gambling brands and other qualified buyers,” read a statement from Media Corporation. With over one million registered members, Sedo conducts trades in 21 languages via its domain with customers in over 200 countries. The firm recently completed the sale of a comparable top-level domain for $13 million and stated that it anticipates ‘could also achieve an attractive valuation relative to the current market capitalisation of the group’ due to the ‘global appeal and substantial revenues generated by online gaming’. “While the group has significant cash reserves, we have recently seen a number of exciting acquisition opportunities in the online gambling and online advertising space,” said Justin Drummond, Chief Executive Officer for Media Corporation. “The successful sale of will give the group significant financial resources to pursue these acquisition opportunities.”

Source: OnlineCasinoNews

  • Back to archive index
  • Submit a press release

    Discuss this story in the Gambling Forum. Last 5 Posts:
    Sunday 26th February, 2017:   Horse Race betting
    Friday 24th February, 2017:   Poker Websites
    Thursday 23rd February, 2017:   UEFA Europa League
    Wednesday 22nd February, 2017:   UEFA Champione Leugue
    Wednesday 22nd February, 2017:   Hi - How to make good money online!