There’s been a number of headlines this past month about internet gambling and gambling domains. Here’s a roundup of news and gossip from around the web, with stories ranging from the New Jersey Internet Gambling Bill and ongoing negotiations for the sale of gambling.com, to 2011 domain sales and predictions.
New Jersey Internet Gambling
I wrote earlier in the week how The New York Post was predicting New Jersey Governor Christie would veto the state’s Internet Gambling Bill. Though it was thought Gov. Christie had until Feb. 24 to sign the bill, veto the bill, or veto the bill with conditions, otherwise it would become law if no action was taken – it appears he has longer.
According to PokerNews, “Christie has decided that he actually has until March 3 to make the decision. The governor’s office claims a legislative recess in New Jersey gives him the extra time, according to Interactive Media Entertainment and Gaming Association chairman Joe Brennan Jr.”
Another issue that was brought to light in the PokerNews article, is that the NY Post story that claimed the Governor might veto the bill, appears to be false. PokerNews quotes Brennan: “I’ve heard people say they heard the governor is going to veto the bill,” Brennan said. “Our people are as close to the governor as anybody and they don’t know what he’s going to do because the governor hasn’t indicated to any party of this what he’s going to do. Anyone saying they know, they’re not involved in anything but rumors and prognostication.”
And while New Jersey could be the first state to legalize internet gambling, California could follow shortly thereafter. Steven Stradbrooke of CalvinAyre.com has more on California legislation.
Gambling Domains 2011 Sales
The gambling domain industry had a fantastic year in 2010 in which two gambling domains sold for seven-figures: slots.com for $5.5 million and Poker.org for $1 million. While 2011 is just getting started, Sedo Broker Ryan J. Colby who recently brokered the top-selling domain name in 2011 so far to date with Gamesforgirls.com for $500,000, has predicted this year will be one of the best on record.
“I’m making an early prediction that 2011 will see the highest number of seven figure domain name sales on record”, Ryan tweeted last week.
Though there haven’t been many big gambling domain sales in 2011 to date, OnlineCasinos.ca sold for $28,000 earlier this month. And there’s a good shot Ryan’s prediction will become true, with gambling domain names like tournament.com and gambling.com on the market. The sale of gambling.com is being brokered by Sedo, which brings me to my next headline.
The Sale of Gambling.com will complete during the Second Quarter
Speculation grew that billionaire Calvin Ayre might purchase gambling.com to add to his growing Bodog empire. A story that appeared on BlackJack Champ even speculated he would own the name by the end of January. Well, Media Corp Plc still owns the domain according to registrant records, but the company’s 2011 first quarter trading highlights published last month shed some light on what’s going on with gambling.com.
“Strong year on year growth has continued at Purple Lounge Limited, the Group’s online poker and casino business and at Eyeconomy, the Group’s wholly owned advertising network. In addition the Group is in ongoing negotiations with a number of parties for the sale of gambling.com. It is anticipated that the sale should complete during the second quarter of the financial year.”
Kentucky internet domain name case dragging on
There haven’t been many new developments in the Kentucky domain name case that has dragged on for years. In January, lawyers representing both sides of the case filed briefs in Franklin County Circuit Court, in Frankfurt, KY, iMEGA reported.
“Lawyers representing iMEGA asserted the association’s right to contest the Commonwealth’s attempts to seize their members’ Web site addresses, while Kentucky’s lawyers ignored previous court rulings on standing, insisting that iMEGA and other trade associations lacked the right to appear.”
As iMEGA points out, “The matter now lies in the hands of Franklin County circuit court Judge Thomas Wingate, who issued the original seizure orders on the behalf of Kentucky.”
Have a gambling domain rumor or story tip I should know about? Contact us or leave it in the comments.
What looked like a good year in 2010 with the sale of Slots.com for $5.5 Million, could only be getting better in 2011, as online gambling developments take place in the United States with New Jersey being the first state to license and regulate online gambling.
Billionaire Calvin Ayre, the buyer of Slots.com, still hasn’t commented on whether he’ll bid on gambling.com.
But with more options on the market, Bodog Brand could have its sights set on a number of properties.
Tournament.com up for sale by Mandalay Media Group
Today, Eric Bianchi of Calvin Ayre’s Tablog is reporting that Costa Bingo and Casino Choice (Mandalay Media Group), have put the domain name Tournament.com up for sale.
Tournament.com is the latest name to come on the market, after creators of Costa Bingo and Casino Choice, Mandalay Media Group, put the domain up for sale.
Owners of Mandalay, Richard Skelhorn (pictured) and Alex Holt, said: “The word ‘tournament’ is very descriptive and generates over five million Google searches per month. It could be developed into a very powerful brand in the right hands.”
As far as what it was used for before, the site hosted pay-to-enter video game tournaments for games such as CounterStrike, but Skelhorn and Holt explained that is no longer a viable option.
“We believe that unless a content owner like EA approach it themselves and therefore remove the license fee element we will not see a third party operator again on the scale Tournament.com achieved.”
If you pay a visit to Tournament.com, you’ll be asked to fill out a short form asking for your name, company, email and a message.
The most recent “domain name” story on Calvin Ayre which discussed the sale of Poker.com.au for $100,000, pointed to an article over at eGaming Review that described how online gambling websites have the definite advantage over offline destinations like Las Vegas and Atlantic City.
All things being equal, when you look at a gambling website with content and games, what gives one online gambling site the advantage over another?
Nora Nanayakkara, the author of the eGaming Review story, digs into gambling.com (which is up for sale at Sedo) and other gambling domains, and makes a number of good points.
From the SEO perspective, she writes: “Our own research shows that one-in-six searches come from direct navigation and that when it comes to Gambling.com the domain offers great SEO benefits. It currently sits at the number one and two spots in Google’s own rankings and since the term “gambling” is searched around 1.1 million times a month, the potential for this to scale even further could be much greater.”
She brings up branding, development, domain sales, visibility, advertising revenues, lead generation, recognition, and several other ways companies are benefiting from going online with category-killing names.
Unlike some stories riddled with errors that are written by people outside of the domain industry, the eGaming Review story is a good, quick read.