Acquisition of Gambling.com

sirius

Senior Member
Press Release

The board of Gaming Corporation plc ("Gaming Corporation"), the owner of the UK's number 1 gaming website www.casino.co.uk, announces the acquisition of Newbold Enterprises Limited (Newbold) the owner of Gambling.com.

Gambling.com is the global leader in casino, poker, and sports betting search since 1997. Income is primarily generated through pay per click advertising where clients bid to reach higher rankings in the search results, a model used by other search companies such as Google and Overture.

Gambling.com is the number 1 listing on google.com for Gambling search and has over 500 other internet and affiliate sites linking to Gambling.com globally.

Gambling.com has extensive expertise in direct mailing and has built a double opt-in database of over 200,000 members.

Gambling.coms proprietary technology includes an International and UK specific pay per click bid management search engine. This allows advertisers to create and self manage their search listing campaigns from online deposits through to bid management and real time reporting. Like all the major pay per click search engines, Gambling.com uses complex algorithms and strict editorial to maximize efficiency for advertisers and end users alike. This technology also enables Gambling.com to distribute their gaming related listings to other web sites thus increasing their exposure and revenue earning potential. The technology can also be licensed to operators in other industries giving them the opportunity to create their own destination search sites


The consideration for the acquisition of Newbold is US$20million (10.5million) to be satisfied as to US$15.3million (8.0million) in cash and US$4.7million (2.5million) in new ordinary shares. A total of 17,375,244 Gaming Corporation shares are being issued, of which approximately 7.38million are subject to a lock-in of six months and the balance has been placed on behalf of the vendors of Newbold with institutional investors. As at 28 April 2005, Newbold had a net cash balance of over US$850,000, which implies an enterprise valuation for the business of US$19.15milion (10.1million).

Justin Drummond Chief Executive said,

This acquisition is a major step in the evolution of Gaming Corporation. Gambling.com is the leading global online Gaming search brand and a very profitable and fast growing business.


This acquisition forms part of Gaming Corporations strategy of building a portfolio of gaming brands that attract a worldwide audience.


We believe that bringing Gambling.com into our portfolio of gaming websites will enable Gambling.com to grow at an accelerated rate with improved profitability and create new revenue streams for our existing business.

For further information contact:

Gaming Corporation plc

Damion Greef, Communications Director, 07736 381 030

Trevor Phillips, Holborn PR, 020 7929 5599

Jason Drummond, Chairman, 020 7618 9000

Justin Drummond, Chief Executive, 020 7618 9000

Mark Ashurst, Canaccord Capital, 020 7518 2777
 

Casinomeister

Forum Cheermeister
Staff member
Well that's news! Gaming Corp is on the prowl like the Borg. :D

Prepare to be assimilated...
 

Casinomeister

Forum Cheermeister
Staff member
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 told InfoPowa 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 effective at the end of December 2003.

Gambling.com converted to a search engine format but has been active as a premiere directory in casino, poker, and sports betting since 1997. Income is primarily generated through pay per click advertising where clients bid to reach higher rankings in the search results, a model used by other search companies such as Google and Overture.

Gambling.com is the number 1 listing on google.com for "Gambling" search and has over 500 other internet and affiliate sites linking to Gambling.com globally. It also has extensive expertise in direct mailing and has built a double opt-in database of over 200,000 members.

The consideration for the acquisition of Newbold is US$20 million (GBP 10.5 million) to be satisfied as to US$15.3 million (GBP 8.0 million) in cash and US$4.7million (GBP 2.5 million) in new ordinary shares. A total of 17,375,244 Gaming Corporation shares are being issued, of which approximately 7.38 million are subject to a lock-in of six months and the balance has been placed on behalf of the vendors of Newbold with institutional investors. As at 28 April 2005, Newbold had a net cash balance of over US$850,000, which implies an enterprise valuation for the business of US$19.15 milion (GBP 10.1 million).

Courtesy of Infopowa --
 

Casinomeister

Forum Cheermeister
Staff member
That's a lot of money for a site that is losing traffic:
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Casinomeister

Forum Cheermeister
Staff member
Where's my $20 Million?? :D
 
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amandajm

Experienced Member
I can't imagine them putting in the hours sorting through complaints that you do ~B.

Never know though.
 

Bruce

Dormant account
chuchu59 said:
So are you offering him $20 million?
ive $19.millions to spare,quality of the traffic does matter gambling.com have a powerfull database of gamblers.

Which traffic represents the best profit people who really deposit vs bonus hunters ???

$20 millions sounds like a good deal if you can produce $100 millions projected in 5 years.
 
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