UKBetting buys's gamblers loses domain name

UKBetting has swooped on the gambling operations of stricken sports site, 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

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

This sounds like breaker's yard time for, 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 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 for £13.7m and two UK sports sites, Sportal and, bought for £1 and £2, respectively. reg;

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