SOURCE: Vedder Price

June 28, 2011 11:55 ET

MYVLT.COM, .NET and .ORG for Sale as Set by Auction

TORONTO and CHICAGO, IL and LAS VEGAS, NV--(Marketwire - Jun 28, 2011) - The domain names MYVLT.COM, MYVLT.NET, MYVLT.ORG are now available for sale, in a sealed-bid auction conducted directly by principal owner.

Within a regulated, legal and commercial framework, the MYVLT domain space represents a credible, highly marketable online destination for any operator who wishes to expand their services to an online community. Several Canadian provincial jurisdictions as well as many European states already permit online gaming and lottery operations; there are ongoing efforts (see below) for the establishment of legalized online gaming within USA. The time is right for the development of this online, branded presence.

The Internet Gambling Regulation, Consumer Protection, and Enforcement Act was introduced in the House on March 17, 2011, by Congressman John Campbell (R-CA) with Congressman Barney Frank (D-MA) as a leading sponsor ... The bill would establish a federal regulatory and enforcement framework under which Internet gambling operators could obtain licenses authorizing them to accept bets and wagers from individuals in the United States. ... This legislation, which licenses and regulated online gambling, requires licensees to take appropriate safeguards to prevent fraud, money laundering, underage and compulsive gambling.

The MYVLT domains have not been commercially deployed and are being offered for a first-time sale. Ideal candidates for commercial deployment include provincial and state lotteries, multi-national gaming operators, or licensed gaming operators who conduct gaming operations legally in recognized gaming jurisdictions.

The domain names are being sold as a set only. The reserve, sealed, first-price auction is now open and will run until July 28, 2011. Progress of the auction and all participating bids is sealed, private, and not visible to any participants of the auction.

Electronic transfer of the domain names will occur following successful receipt of funds transfer from the winning bidder and will be subject to confidentiality agreements between the owner and the winning bidder.

Interested parties are invited to submit a written offer to the address below by email and by post. Please include the name of your organization, a name of your authorized representative, full legal address including relevant telephone numbers and email addresses. Please include a bid amount denominated in US dollars. Reserve price is set at $299,999 USD; highest bid wins. Receipt of your bid will be confirmed, but only the winning bid party will be contacted with closing instructions.

Contact Information

  • Terence M. Dunleavy
    Vedder Price P.C.
    222 North LaSalle Street
    Chicago, Illinois 60601
    Email Contact
    312-609-7560 (phone)
    312-609-5005 (fax)