Gaming Corporation purchases Casino.ie
June 27, 2005
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 specialized 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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