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Betting.com - Major sports betting domain has been sold

Labeled as news in Domain Industry News, started by Acroplex, Jul 2, 2020

Replies:
18
Views:
1,583

?

Was it sold for seven figures, or more?

  1. Seven figures - up to $9,999,999

    34 votes
    58.6%
  2. Definitely more! $10 million and up

    24 votes
    41.4%
Total: 58 vote(s)
  1. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    Sold for seven figures, or more?

    Betting.com, a category-defining domain about the betting and sports betting industry, was just acquired by Swedish betting tech giant, Game Lounge. Check it out.
     
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  2. Mytz.com

    Mytz.com Top Contributor VIP Gold Account

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    Is it a terminal purchase?
    Or did investors buy it?
     
  3. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

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    As @Mytz.com asked above. If end user then the sky is the limit, if an investor then probably 7 figures.
     
  4. Welberch

    Welberch Restricted (50-70%)

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  5. Sutruk

    Sutruk Established Member

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    If you read the article, you will see it's an "end user" who bought it.
     
  6. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

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    Hadn't noticed myself. But thank you. (y)

    If an end user then the figure should be 8 figures - but who can tell, hopefully we will find out (even if having to wait for the company financial report to be issued or the AGM report of the company concerned.
     
  7. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    Did you read the article?
     
  8. mrcurly

    mrcurly Top Contributor VIP ★★★★★★★★★★

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    Bet/betting
    Gamble/gambling

    Domains will go through the roof, if they haven't already!
     
  9. jmaurya

    jmaurya Top Contributor VIP

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  10. Samer

    Samer Top Contributor VIP

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    Last edited: Jul 3, 2020
  11. nametrekker

    nametrekker Established Member ★★★★★★★★★★

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    High 7 to low 8 figures would be my guess. 10 million usd would be a fair price.
     
  12. GeorgeK

    GeorgeK Leap.com PRO VIP ★★★★★★★★★★

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    The new owners (Game Lounge) are a unit of a private company (Cherry AB), so the price is unlikely to appear in any financial statements anytime soon (unless they go public one day again!):

    https://calvinayre.com/2019/04/16/business/cherry-ab-moves-ahead-with-delisting/
    https://egr.global/intel/news/game-lounge-acquires-betting-com-domain-name-ahead-of-us-push/
     
  13. D Haynes

    D Haynes Top Contributor VIP

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    Why would they? I'm not sure I understand why the sale of an obviously ultra premium domain should have an impact on the rest of the domains in that market.
     
  14. mrcurly

    mrcurly Top Contributor VIP ★★★★★★★★★★

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    How it goes sometimes, seen and experienced it with several big sales of category defining domains, domain investors always want a piece of the market! And to add to that betting domains are hot property too at the minute with sports betting kicking off in USA.
     
    Last edited: Jul 3, 2020
  15. D Haynes

    D Haynes Top Contributor VIP

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    Thanks for the reply. Being in the UK I forget that gambling isn't on every highstreet in a lot of the rest of the world.

    Is kinda funny that the sale of a name we already knew was worth millions should get other investors to want to shell out for names in the same niche. I mean it's not a surprising sale and we don't know anything new. It would be different if a domain in a new trend or emerging technology had sold for millions then I would understand it more as it was an unknown quantity before.

    Not sure if any of that made sense lol.
     
    Last edited: Jul 3, 2020
  16. mrcurly

    mrcurly Top Contributor VIP ★★★★★★★★★★

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    I'm not always right, but sometimes big sales turn the tide a bit though!
     
  17. Jimmysun

    Jimmysun Established Member

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    I think it's impacted by booking.com trademarked their name, so the betting.com next step is....
     
    Last edited: Jul 3, 2020
  18. liftkid

    liftkid Restricted (Market)

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    I wouldn't sell it below $20m if I were the owner, Considering what a popular bet www.bet9ja.com in my country makes. I was their agent back then and I earned nothing less than $200 every Tuesday.
     
    Last edited: Jul 3, 2020
  19. China auto

    China auto Established Member

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    Think home leisure will at last kill the high st slot machine ponds. The prob with top generics such as GolfBet com $1000k [cheap buy whilst the bet industry was asleep at the adwords tollgate] never to be on the market again. Golfbet com can hoover up the brand recall traffic.
    Bet com is wasted & the diamond in a coalmine
     

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