FAITH IN THE INDUSTRY
31 July 2009
Media Corporation believe US legalisation is
on the cards
Two investors in the online gambling business with
confidence in the future are Justin Drummond and his
wife Alexandra, who last week upped their stakes in
Internet advertising group Media Corporation, which owns
the information portal Gambling.com.
According
to the Business Scotsman, the duo bought an additional
1.5 million shares in the company for an undisclosed
price, although the stock price has been trading around
the 1p level according to public records - down more
than half over the past year.
The purchases took
their combined holding up to more than 24 million
shares, or 8.3 percent of the company.
Drummond
is CEO and a founder of Media Corporation, and the cause
for his optimism appears to be that following the change
in government in the United States he feels there's a
good chance that we will see US legalisation of online
gambling sooner rather than later. This could have a
significant impact on positive impact on Media
Corporation's business.
Online Casino News Courtesy of
Infopowa
More news here.
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