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Acquisition of Gambling.com

Discussion in 'Casino Industry Discussion' started by sirius, May 3, 2005.

    May 3, 2005
  1. sirius

    sirius Senior Member

    Location:
    UK
    Press Release

     
  2. May 3, 2005
  3. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Well that's news! Gaming Corp is on the prowl like the Borg. :D

    Prepare to be assimilated...
     
  4. May 3, 2005
  5. jerryg

    jerryg Dormant account

    Seems like they are certainly making some major expansions.
     
  6. May 3, 2005
  7. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    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 --
     
  8. May 3, 2005
  9. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    And this:
    You must register/login in order to see the link.
     
  10. May 4, 2005
  11. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    That's a lot of money for a site that is losing traffic:
    You must register/login in order to see the link.
     
  12. May 4, 2005
  13. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Where's my $20 Million?? :D
     
    Last edited: May 4, 2005
  14. May 4, 2005
  15. amandajm

    amandajm Experienced Member

    Occupation:
    Watch
    Location:
    London
    I can't imagine them putting in the hours sorting through complaints that you do ~B.

    Never know though.
     
  16. May 9, 2005
  17. Bruce

    Bruce Dormant account

    Occupation:
    Police Officer
    Location:
    Here and there
    CM Do you want to sell me your site?
     
  18. May 10, 2005
  19. chuchu59

    chuchu59 gambling addict CAG PABnonaccred

    Occupation:
    EXECUTIVE
    Location:
    SOMEWHERE IN ASIA
    So are you offering him $20 million?
     
  20. May 11, 2005
  21. largeeyes

    largeeyes Dormant account

    Occupation:
    Engineer
    Location:
    North America
    What is daily reach? Hits? if so, that's MASSIVE.
     
  22. May 11, 2005
  23. Bruce

    Bruce Dormant account

    Occupation:
    Police Officer
    Location:
    Here and there
    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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