NEW YORK--(BUSINESS WIRE)--The owner of Slots.com announced today that they have chosen Moniker® (www.moniker.com) and SnapNames® (www.SnapNames.com), both Oversee.net® companies, to manage the highly anticipated auction for Slots.com.
This showcase auction will feature Slots.com exclusively. The auction starts online May 5, 2010 at Noon US Eastern time and ends May 12, 2010 at 3:15 p.m. US Eastern time. Interested parties can view and bid at: www.snapnames.com/store/event.action?ig=544
"We are excited that the industry’s leading domain name auction companies - Moniker and SnapNames, have agreed to manage this online auction. Their innovative technology platform and reputation for excellence provide a safe, secure and reliable bidding process," said Christina Renee, communications manager at Slots.com.
The auction for Slots.com has garnered considerable interest in the casino industry with potential bidders lining up in anticipation of the auction. With slot games accounting for as much as 70% of casino revenue, this domain name auction will be one of the most followed gaming domain auctions this year.
"This auction provides a rare opportunity to acquire a domain name that is a perfect match for one of the most popular games in the gaming space," noted Monte Cahn the founder of Moniker. “We are very pleased to offer businesses and investors a unique opportunity to participate in a vertical that has consistently grown year-over-year.”
Cahn’s comments are supported by a recent H2 Gambling Capital study which found that the total value of the global egaming market rose from US$23.5 billion in 2008 to US$26.6 billion in 2009. H2 now believes that its value will increase to US$36.5 billion by 2012.
Domain name auctions have proven to be an effective vehicle in determining the market value of a domain name. In the gambling space, the highest recorded sales to date have been Casino.com for $5.5 million in 2003 and the Gambling.com domain name and portal sale for $19.8 million in 2005.