Another Acquisition For Gaming Corporation
Published: Saturday, July 02, 2005 Online-Casinos.com
ANOTHER ACQUISITION FOR GAMING CORPORATION
Purchase of affiliate partner makes for a well integrated group
London based Gaming Corporation plc added to its growing and diverse portfolio of online gambling companies this week by taking over Casino.ie - its largest affiliate partner.
The latest acquisition follows moves which saw top portal Got2Bet and the important specialised search engine Gambling.com both joining the group in major deals over the past two months. Gaming Corporation already owned other large online gambling firms at the time and is clearly building up a significant and well-integrated group.
Casino.ie is a leading Irish online casino operator and was acquired for a consideration of �60,000 that will be met in cash. The consideration includes the web site address www.casino.ie and all existing players, database of registered users and assets of the business.
Justin Drummond, Chief Executive at Gaming Corporation, commented,
"Casino.ie has been our largest and best performing affiliate partner over the last 12 months, a performance that we believe can be significantly improved upon when the marketing and promotional expertise we possess is brought to bear. This will enable us to exploit fully the potential revenues off this valuable property".
"We will convert the website, currently transacting in sterling, into a euro denominated site and will use Casino.ie to form the basis for our expansion into Europe and the euro zone."
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