Gaming Corp to acquire Gambling.com
The parent company of Casino.co.uk will buy Newbold Enterprises, the owner of Gambling.com, for $20m in cash and shares.
Gambling.com is a search portal for online gambling sites which generates its income through pay per click advertising.
"This acquisition forms part of Gaming Corporation's 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," said Justin Drummond, Gaming Corp Chief Executive.
Bookmakers Reviews - 2005-05-04 10:17:40