DOMAIN name www.gambling.com, owned by a British casino group, is up for auction.
Media Corporation, which paid US$20 million ($19.8 million) for gambling.com in May 2005 and earned $5.5 million from advertising on the site a year later, hopes to fetch more than $10 million for the name.
The domain name's depreciation in value is due to a ban on internet gambling in the US in October 2006.
German broker Sedo - which arranged the November sale of www.sex.com for a record $13 million - has been tasked with selling gambling.com. A reserve of $9 million has been set.
The world "gambling" is ranked No. 1 on Google searches and the gambling.com site gets more than monthly 300,000 hits.
Source :News.com.au
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