Gambling.com buys domain Casinos.com from Caesars Entertainment
Gambling.com has announced that it will be taking over the domain Casinos.com from Caesars Entertainment, giving users access to more gambling opportunities. Gambling.com is a highly valued domain in the industry, but its sale price has not been revealed.
Last week, the Gambling.com Group Limited held a presentation on its Q3 2022 quarterly results. The company announced that they have acquired the domain Casinos.com from Caesars Entertainment, which is expected to help them expand their gambling business.
With the recent acquisition of this new domain name, it is likely that fourth-quarter earnings will have some information on the sale price.
Statement CEO Gambling.com
The website Seeking Alpha published an edited transcript of the presentation announcing this acquisition. Charles Gillespie, founder and CEO of Gambling.com said the following about this domain:
“To best position ourselves for the future of iGaming around the world, we recently completed the purchase of a superstar domain, which we believe is the most sought-after and valuable domain name for companies in our industry: Casinos.com.”
“The addition of Casinos.com to our already best-in-class domain portfolio allows us to build another global brand alongside Gambling.com using our existing teams, technology and know-how.”
Usage of Casinos.com
Caesars Entertainment made little use of this precious domain. Until recently, the domain was used to route traffic to Caesars’ own website. You were taken to a holding page where no further information was yet available.
Caesars Entertainment have had their domain name since 1998. The domain has been used by Caesars (then Harrah’s), but it was first captured in a snapshot by Archive.org Wayback Machine.
Who is the Gambling.com Group?
Gambling.com is an affiliate company that operates with different domains in various countries. In addition to gambling.com, it is known for its websites rotowire, bookmakers.com and bookies.com. Furthermore Betarizona.com, betvirginia.com and newyorkbets.com are some of their websites that focus on one specific state in America. The parent company behind Gambling.com recently acquired BonusFinder for an expected price tag of 40 million euros.
Millions for a domain name?
The question of how much the Gambling.com Group paid for Casinos.com is difficult to answer, but it’s likely that this highly sought-after domain will run into the millions of dollars.
Almost two years ago, GamblingInvest.com, a website where gambling-related domain names are traded, published a list of the most expensive domain names in gambling ever. At the top of the list was the domain casino.com, which was sold for $5.5 million to (then) an anonymous buyer. The domain Gambling.com was also in the top ten at the time, with a price of $ 2.5 million.
The most expensive domain ever sold was Business.com that was sold for $345 million, according to fortunly.com. The group behind the Yellow Pages (Yellow Pages) went bankrupt two years after the purchase.
Category: Gambling industry