INTERNET BUSINESS NEWS-(C)1995-2003 M2 COMMUNICATIONS LTD

Boss Media, a Swedish IT-company, has sold the domain name casino.com for USD5.5m, or SEK42.5m.

The Swedish company reportedly purchased the domain name four years ago for SEK50,000 and has said that it sold the domain name because it intends to focus on its core business - building gambling platforms for other companies. As it decided to discontinue its own gambling business, the domain name was no longer needed.

Boss Media has said that the buyer wants to be anonymous but revealed that it is not a Swedish company, reported the online edition of the Swedish newspaper Aftonbladet.

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