| Posted by: ian_go at June 28, 2005, 6:15 pm | | Topic: Gaming Corporation PLC UK Announce Acquisition of www.casino.ie Forum: Winner Online |
(PRESS RELEASE)
Gaming Corporation PLC UK Announce Acquisition of www.casino.ie
28 June 2005
LONDON -- Gaming Corporation plc ("Gaming Corp" or "the Company"), the number 1 gaming portal operator and owner of both www.gambling.com and www.casino.co.uk, today announces the acquisition of www.casino.ie its largest affiliate partner.
www.casino.ie a leading Irish online casino operator has been acquired for a consideration of £60,000 that will be met in cash. The consideration includes the web site address www.casino.ie and all existing players, database of registered users and assets of the business.
Justin Drummond, Chief Executive, commented,
"www.casino.ie has been our largest and best performing affiliate partner over the last 12 months, a performance that we believe can be significantly improved upon when the marketing and promotional expertise we posses is brought to bear. This will enable us to exploit fully the potential revenues off this aluable property".
"We will convert the website, currently transacting in sterling, into a euro denominated site and will use www.casino.ie to form the basis for our expansion into Europe and the euro zone."
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