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9th May 2011
Media Corporation Sells Gambling.com

Domain name news brought to you by DescriptiveDomainNames.com

Sedo has announced that it has sold the most expensive domain name of this year so far. Gambling.com has been bought for $2.5 million (1.5 million) by an unnamed company based in the United Kingdom.

Justin Drummond, chief executive of Media Corporation, said: 'We are very pleased with the result of the sale of gambling.com. The team at Sedo has made the negotiation process as straightforward as possible and have helped us secure a great price.'

Liesbeth Mack-de-Boer, CSO at Sedo, said: 'The high sale price paid for Gambling.com is a real confidence booster for the global domain industry and demonstrates the value gambling companies are still prepared to place on their digital assets.'

The new owner's identity isn't yet known, but considering the healthy state of the UK's online gambling market, they are sure to be able to capitalise on the benefits of a very memorable descriptive domain name.

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