| Posted by: Jetset at May 3, 2005, 7:24 am | | Topic: Gambling.com sold Forum: Winner Online |
GAMBLING.COM SOLD AGAIN
And at a healthy profit it seems...
Gaming Corporation plc is clearly still on the acquisition trail, following up last week's purchase of Ted Loh's Got2Bet portal with the acquisition of Newbold Enterprises Limited, the owner of Gambling.com.
The purchase price, at GBP 10.5 million is believed to represent an attractive profit for Gambling.com's owners, who took the site over from founder Graeme Levin after a prior deal with IGH for GBP 2.5 million fell through late in 2003.
Former owner Graeme Levin said at that time, "I'm pleased to tell you that Gambling.com has been sold to a group of independent investors who are backing the current management team led by Tim Rosenberg and Dylan Schlosberg. Tim has been Gambling.com's CMO and Dylan ran Herotech, responsible for our advertising and media buying."
Levin was unable for commercial reasons to disclose the purchase price, but confirmed that the takeover became effec... | | Read Entire Entry |
| Posted by: Jetset at November 3, 2003, 7:28 am | | Topic: Gambling.com sold Forum: Winner Online |
Gambling.com sold! This report from today's online Financial Times
IGH seeks to add websites to online gambling network
Gautam Malkani, Media Correspondent
Published: November 3 2003 4:00
Interactive Gaming Hold-ings, an e-gaming portal, will today announce a flotation on Aim to help it add more websites to its network of online gambling and betting operations.
The company will also announce the acquisition of Gambling.com, which made £1.6m in pro forma earnings before interest and tax in the year to June 2003.
IGH's aim is to become a one-stop destination for online betters and it already controls a network of more than 1,100 gaming related portals, operational casino and bingo sites.
The company will use "white label" e-gaming contracts, whereby other operators permit the company to present their websites as its own and where IGH shares in the revenues that are generated.
The flotation of half the company is expected to raise a... | | Read Entire Entry |
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