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Sports and Casino Gambling website up for sale for $10 million AUD

A UK based online sports betting and online casino company has released details of a possible sale of a website property at a value of at least $10 million Australian Dollars. The website owners, Media Corporation, have engaged domain auction specialists Sedo to manage the sale.

The website concerned, Gambling.com, is an online sports betting and internet casino portal. The site generates millions of dollars from advertising and affiliate revenues from gambling giants such as bet365, Bodog and Playtech casinos.

Media Corporation have placed a reserve price of $9 million Australian Dollars on the website, but given the highly attractive and valuable nature of the domain, it is expected to reach a value of nearer $20 million, which is the price that Media Corporation is thought to have originally purchased the site for in 2005.

Online Casinos and sports betting websites continue to grow strongly in Australia as punters take advantage of the better odds and free bets available compared to the traditional TAB, pokie lounges and local casinos.


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