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Two strong investors in the online gambling business
 July 27, 2009, 9:27 am (2 years ago)Justin Drummond and his wife Alexandra are the two positive investors in the online gambling business, who last week increased their stakes in Internet advertising group Media Corporation, which owns the information portal Gambling.com.
As said by the Business Scotsman, the two purchased an extra 1.5 million shares in the company for an unrevealed price, even though the stock price has been trading about the 1p level, down in excess of half throughout the past year. The buying took their shared holding up to over 24 million shares, or 8.3 % of the company.
Drummond is Chief Executive Officer and a creator of Media Corporation and the reason for his optimism seems to be that following the change in government in the United States he believes there’s a high possibility that there is going to be US legalization of online gambling sooner than we expect.
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