$500,000 for the Online Caisno
25th October, 2007
Acropolis.com, the London-based online casino, AIM-listed company, is up for sale with the asking price at the moment being $500,000.
The company is in top ten biggest betting and gaming companies in the world. It owns the rights of the operation through its subsidiary, Grouse Entertainment.
It is very surprising that the online casino is getting sold, as it has a huge database of 24,000 non-US depositing players and is doing well even without anyone looking after it. With no marketing activity being developed recently and a little recorded slump in total winnings since 2006, this online casino is doing well, as it still produces a tasty monthly about $100,000 in net win and $16,000 in EBIT (Earnings Before Interest and Tax).
Such good records could be due to the recognised brand of this online casino, which is also partly responsible for the natural SEO (Search Engine Optimisation). Now you can find this online casino listed on eGamingBrokerage.com. It has been further revealed that Leisure And Gaming are considering the option of selling Grouse Entertainment because it is legally the owner of the AcropolisCasino.com. This would certainly make it easier in terms of paperwork and ownership rights involved in the reselling the entity. Grouse Entertainment has Curacao gaming license, has full set of already depreciated equipment, employs Playtech online casino software, but outsources 2 services: financial processing and customer services.
