Feeds

UKBetting buys Sports.com's gamblers

Sports.com loses domain name

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

UKBetting has swooped on the gambling operations of stricken sports site, Sports.com. It's paying £670K - £100K in cash and the rest in assumed debt ( of 'no more' than £570K) - for SCG Enterprises, the bookmaking arm of Sports.com.

At the same time, Sportsline.com, a one-time major investor in Sports.com, today announced that it had terminated its agreement to license the sports.com domain name to Sports.com and is to sell the URL to an unnamed third party.

This sounds like breaker's yard time for Sports.com, in administration since May 31.

Through SCG, UKBetting gains 24,000 accounts, of which 9,000 are active - i.e. have placed a bet in the last three months. Most gambling on sports.com is football-related, complementing UKBetting's existing business.

Post-acquisition, UKBetting will have more than 100,000 gambling accounts on its books. The company has been heavily acquisitive in recent months, buying TeamTalk.com for £13.7m and two UK sports sites, Sportal and SportingLife.com, bought for £1 and £2, respectively. reg;

Related stories

Sports.com goes titsup.com

New hybrid storage solutions

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.