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Cryptologic Buys Media Corp. Casino.co.uk and Related Assets
Cryptologic, a uk online poker and games developer and turnkey supplier, signed the acquisition agreement through its subsidiary Gaming Portals Limited (GPL). The company says that GPL will continue with the existing services and offer a high quality gaming portal with exceptional opportunities for advertising for current and prospective clients.
Media Corp., an internet advertising group, says that the reason for selling the Casino.co.uk business is the company's need to focus on their online advertising businesses, market diversification and to develop its gaming portal Gambling.com further. Jason Drummond, Media Corp. Chief Executive, states that the sale was part of the company's overall strategy. The cash gained from the sale, in addition to their current £4 million cash balance puts Media Corp in an excellent position to diversify their portfolio and maintain and further develop their current businesses.
Published by Dido Arellano
Senior Editor




