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Aussie Porn Broker Enters Online Gambling Industry

26 July 2002

AUSTRALIA – As reported by the West Australian: "Perth online porn broker Adultshop.com will enter the realms of Internet gambling and dating services as the cashed-up company goes on the hunt for acquisitions in the next six months.

"Further expansion of its Today's Success online `adult entertainment' business has kept the cash registers ringing for Adultshop, which yesterday revealed it had collected a hefty $42.3 million (US$22.7 million) in revenue for the three months to June 30.

"`We are exploring other online business opportunities ... most brokers I spoke to on our eastern states roadshow said there were only three types of business making money: adult, gambling or financial,' [Adultshop chief executive Malcolm Day] said.

"`We're never going to get into the financial sector ... things like online dating and your online gambling and sports betting are some of the potential areas we will be focusing on.'…"

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