Formerly known as Gaming Corporation, current owner
of Gambling.com, Media Corporation, has announced the companies plans to expand
its resources in the global online casino gambling market. Having experienced
record annual, after-tax profit totals since September 2005, Media Corporation
has found itself in an excellent position to allocate more financial resources
into an increasingly diversified online gambling industry. With a new staff on
board specifically directed to expand Gambling.com's presence through global
marketing, Media Corporation plans to shatter the company's profit record this
time next year once again.
To get an idea of how fast the company is growing,
a cash balance of £400,000 was recoded in 2001, which at the end of September
2005, was up to £5.2 million. That is a forty-times growth increase in just four
years. Generating its finances from advertising and gaming portals alone, Media
Corporation has been playing their cards right since day one.
Chief Executive Officer of Gaming Corporation,
Justin Drummond, referred to the companies "strong performance" in terms of
media and advertising partnerships, and its increased financial stability as
telling signs for the company to begin considering acquisitions and continued
organic growth in a global online gambling market. Drummond announced that in
keeping with Gambling.com's mission to provide search targeted information, the
site will be diversifying its own offering of gambling related services, whether
that be online casinos, sporting odds, or Las Vegas casino resort reservations.
Considering the recent passing of the Unlawful
Internet Gambling Enforcement Act in the U.S., Media Corporation says they are
still evaluating what this could mean for their current business operations. As
of yet, click through rates and overall online traffic has not significantly
changed, and growth continues at a steady pace. The company is playing it safe,
however. Now, U.S. players trying to access Gambling.com from states where
online casino gambling is specifically prohibited (New York, New Jersey, South
Dakota, Louisiana, Washington, Nevada, Oregon, Indiana, Illinois, Wisconsin and
Michigan) are blocked from accessing the site.