Gambling.com Sells For $20 Million

[KRL]

http://www.onlinecasinonews.com/ocnv...le.asp?id=7820

Nice one!

[Relish XXX]

http://www.onlinecasinonews.com/ocnv...le.asp?id=7820

Nice one!

Do you believe the price is because of the domain name, the software or both? If both what percentage of the money was the domain name worth?

[chupachups]

Wowow

678

[KRL]

Do you believe the price is because of the domain name, the software or both? If both what percentage of the money was the domain name worth?

Nothing special about their software that's worth millions, so I'd say the domain is the gem in that deal.

I think its time they hire a new designer for that logo. What's up with that?

[Nicky]

wow, thats a fuck load of money

[JamesK2]

and a nice domain name

[AVM]

I must be getting in too deep (re: domain names) because I find this price justifiable.

[fireorange]

LOL @ Logo!

[AVM]

Puts the $5 million casino.com purchase in perspective, doesn it.

[Rui]

holy shit....

btw the site and logo do look like shit, looks like a domainsponsor landing page ffs...

[Trax]

you bet lol.

[Yankee Scum]

their old site looked better LOL

[Xenophage]

hmmm time to dust off royalcasino.com

[Drake]

It's a lot of coin but you can easily see why it would cost so much.

[Drake]

I must be getting in too deep (re: domain names) because I find this price justifiable.

I'm not in deep, not even in the shallows of domain buying and I can justify the price of that purchase

[Kevsh]

I'm sure the decent PR didn't hurt the price either - as well as they obviously are making some cash on banner ad sales.

[Sosa]

damn lots of money. but a damn good domain name also.

[slapass]

Not even 20k a day. But those folks are worth a ton of jing so maybe this will work out.

[DomBuyer]

Gambling is the most profitable niche there is, so it makes sense that this name would go for basically 5-10x what most other names of that quality would go for.

[Furious_Male]

Nice to see big money changing hands.

[Homer]

heh nice deal

[Dalai lama]

Good domain but they do need a new logo

[KRL]

hmmm time to dust off royalcasino.com

That's a nice domain Lars.

You should market that as ultra exclusive online casino for high rollers.

[AVM]

I'm not in deep, not even in the shallows of domain buying and I can justify the price of that purchase

Do you make your living from domains? Probably not, hence your reasoning.

Reading about the wave, and riding the wave - are two entirely different experiences.

[GeorgeK]

They have a lot of incoming links (due to their old content, before they shifted to PPC), and also a HUGE database of 200,000 double opt-in emails, which contribute significantly to the value of the deal. Not a pure domain deal, but obviously the domain is worth at least $8 million of the $20 million, in my opinion.

See the company's press release, at:

http://www.xworks.com/press.asp?y=2005&id=197

[vicki]

thats alot of crackers! lol

[juve20]

hi

thats alot of money for a domain name!!

tony

[gecko]

Damn.....

[adultvisitors]

hmmm time to dust off royalcasino.com

How much?

[lagwagon]

That would have been a sweet domain to have.

[Luc]

That's a $5-$8 million domain. $20 million is paying through the nose. they probably got it appraised on one of those $4.99 appraisal sites and though
$20 million was a steal. lol

[pradaboy]

wow now that's a nice sale... was it only because of the name or is there a site/software included too?

[DomBuyer]

That's a $5-$8 million domain. $20 million is paying through the nose. they probably got it appraised on one of those $4.99 appraisal sites and though
$20 million was a steal. lol

Luc, you now officially know nothing.

[ricks]

the company was making over $3 million a year, so it has significant value outside the domain

The financial performance of Newbold is summarised in the following table.

12 months ended
31 December 2004
Audited 3 months ended
31 March 2005
unaudited


Gross profit US$3,387,458 £1,782,873 US$759,857 £399,247
Profit after tax US$1,530,037 £805,283 US$458,592 £241,364
Margin 45.2% 60.3%
Net assets US$4,535,037 £2,386,862 US$5,003,997 £2,633,683

[buddyjuf]

insane!!!

[Turboface]

You can't get too much of a better domain name for a gambling related site than that. That's to the gambling industry as sex.com is to the adult industry.

[GeorgeK]

Ricks understands it well -- it was under 10 times their gross profit, so it was a reasonably good purchase....comparable to the Marchex deal (although with Marchex, those were all undeveloped domains).

[evanmorgan]

a steal at that price, if the profit from the PPC is true

[BRISK]

[Vitasoy]

Now that is very impressive.

[Steen2]

Nice sale.

As AVM pointed out, makes casino.com look like a great deal. It probably will turn out ($5m casino.com) to be a great deal in the long run.

[swedguy]

Whow. That's one incredible un-inspiring gambling site

I hope they will do something about that.

[Downtime]

god damn that's a nice sale. if reading this doesnt make all of you work harder, i dont know what can.

[DeezNutz]

Ricks is quite possibly the coolest guy on this forum.

[MrHits]

yo..

because its missing a letter, I'll sell gamling.com (missing a b) for 2 million to the first taker. :-)

[xclusive]

Great name and the way the marketplace is going it was a steal if they can market it right

[sweetME]

Wow, that's crazy. It's tons of money, although it's a great domain name.

[Taboo]

Nothing special about their software that's worth millions, so I'd say the domain is the gem in that deal.

I think its time they hire a new designer for that logo. What's up with that?

I would also consider it a true domain deal. great for the industry.

unfortunately this means that the prices on some of the domains I'm chasing will rise, but there's two sides to that coin.

[HighRoller]

I use to own onlinecasino.org

[sweetcuties]

shit, I just sold gamblingaddiction.com 5 or 6mths ago... all these gamblers are gonna be hooked