Gambling.com sells for $2.5 million

I just love how company CEO's put a positive spin on even the most dismal outcomes.

In 2005 Media Corp bought Gambling.com for $20 million. Yep, $20 million - and that was back when the USD was worth something.

Since then they copped UIGEA, a Google penalty that reduced traffic to the site and then on the eve of the sale the news of FBI/DOJ indictments for US facing poker rooms.

The most anyone was prepared to pay was just over a 10th of the purchase price, and Media Corp CEO Justin Drummond said that they were "very pleased" with the result. I wonder what it would take for Media Corp to be disappointed?