First five figure reported sales of HINDI IDN.com - Page 2 - IDN Forums

squirrel · #21 (**permalink**) 6th April 2011, 04:54 AM

Quote:

Originally Posted by domainguru

He's just the guy that helped the buyer form the LLC isn't he?

yeah, thought about it afterwards, could be a shelf company.

We know it's not Rick though, cuz the name of the LLC would have been in CAPS

TrafficDomainer · #22 (**permalink**) 6th April 2011, 06:39 AM

Congrats Steve. Great sales indeed! I think it's a tradeoff between what you can do with the money today, go on a vacation with your wife and perhaps have a little of money left to reinvest in something else that could grow in value as well.

Based on Google Keyword tools alone, the term "कैसीनो" got about just 12 monthly searches. But with India's gambling market being estimated at $60 billion per year, the buyer is surely planning for the long haul and when more Hindi speakers come online then he will recoup his investment many times more.

More info from Wiki about Gambling in India at http://en.wikipedia.org/wiki/Gambling_in_India

"Gambling in India is heavily restricted, although there is extensive illegal gambling throughout the country. The Indian gambling market is estimated to be worth US$60 billion per year, of which about half is illegally bet.[1]

Only two states allow casino gambling, Goa and Sikkim.[2] There is one casino in Sikkim and 12 in Goa, of which seven are land based and five are floating casinos that operate on the Mandovi River.

Other than lotteries, legal gambling in India is limited to betting on horse racing.

Online gambling is in its infancy in India, but Sikkim plans to offer three online gambling licences in 2010.[3] Sikkim also permits an online lottery, operated by Playwin, which takes bets from players throughout India. It is expected that other states will follow Sikkim shortly, thereby opening up a major online gambling market throughout India"

Wot · #23 (**permalink**) 6th April 2011, 10:45 AM

Quote:

Originally Posted by TrafficDomainer

Congrats Steve. Great sales indeed! I think it's a tradeoff between what you can do with the money today, go on a vacation with your wife and perhaps have a little of money left to reinvest in something else that could grow in value as well.

Based on Google Keyword tools alone, the term "कैसीनो" got about just 12 monthly searches. But with India's gambling market being estimated at $60 billion per year, the buyer is surely planning for the long haul and when more Hindi speakers come online then he will recoup his investment many times more.

More info from Wiki about Gambling in India at http://en.wikipedia.org/wiki/Gambling_in_India

"Gambling in India is heavily restricted, although there is extensive illegal gambling throughout the country. The Indian gambling market is estimated to be worth US$60 billion per year, of which about half is illegally bet.[1]

Only two states allow casino gambling, Goa and Sikkim.[2] There is one casino in Sikkim and 12 in Goa, of which seven are land based and five are floating casinos that operate on the Mandovi River.

Other than lotteries, legal gambling in India is limited to betting on horse racing.

Online gambling is in its infancy in India, but Sikkim plans to offer three online gambling licences in 2010.[3] Sikkim also permits an online lottery, operated by Playwin, which takes bets from players throughout India. It is expected that other states will follow Sikkim shortly, thereby opening up a major online gambling market throughout India"

Somebody just paid $42K for Sportsbetting.in which I think is a very dodgy buy under current restrictions-may change of course..

domainguru · #24 (**permalink**) 6th April 2011, 11:40 AM

Quote:

Originally Posted by Wot

Somebody just paid $42K for Sportsbetting.in which I think is a very dodgy buy under current restrictions-may change of course..

Yeah, could get more restricted ;-) many Asian countries are going the more not less restricted route.

Steve Clarke · #25 (**permalink**) 6th April 2011, 12:38 PM

Sale Info, submitted to DNJournal.

Rubber Duck · #26 (**permalink**) 6th April 2011, 12:56 PM

Quote:

Originally Posted by Wot

Somebody just paid $42K for Sportsbetting.in which I think is a very dodgy buy under current restrictions-may change of course..

They probably think it mean Indiana.

blastfromthepast · #27 (**permalink**) 6th April 2011, 04:48 PM

Congrats!

bwhhisc · #28 (**permalink**) 7th April 2011, 02:26 AM

Quote:

Originally Posted by Steve Clarke

Yes, it was indeed a sale.
Just checking my emails.
Escrow proceedings were initiated, on September 19th, 2010
I sold the name to someone representing a
company out of Las Vegas.
The Whois will confirm this.

Steve.

Nice sale Steve...congrats to buyer and seller.

I hear the .net is available for $9,999 :p

Steve Clarke · #29 (**permalink**) 7th April 2011, 02:54 AM

Here is the Whois, Bill

कैसीनो.com

Domain Name: xn--11b2b6b6a0bv.com
Registered at http://www.dynadot.com

Registrant:
Sportal Systems, LLC
Domain Administrator
5348 Vegas Drive, 1163
Las Vegas, NV 89108
United States

However I still own this one, which is quite similiar:

कैसिनो.com
xn--11b2b6b2a6bv.com

bwhhisc · #30 (**permalink**) 7th April 2011, 02:58 AM

Quote:

Originally Posted by Steve Clarke

Here is the Whois, Bill

कैसीनो.com

Domain Name: xn--11b2b6b6a0bv.com
Registered at http://www.dynadot.com

Registrant:
Sportal Systems, LLC
Domain Administrator
5348 Vegas Drive, 1163
Las Vegas, NV 89108
United States

However I still own this one, which is quite similiar:

कैसिनो.com
xn--11b2b6b2a6bv.com

Yeah, I think the OP posted the 'wrong' domain in post #1 which was maybe your other domain.

Again, congrats on the sale. Lets hope Sportal Systems develops it.
That could be a newsworthy attention getter for Indian IDN domain names.

Steve Clarke · #31 (**permalink**) 7th April 2011, 12:47 PM

Yes, that was totally my fault.
Due to the similiarity, I mistankenly posted the wrong one in a response to a thread over at INForum.
Before I was able to correct it, it was already posted here.

For the lurkers from DNForum, theres an example while still early, of what a $7.25 investment can get you.
Better than fighting for peanuts on ascii names that are questionable at best.
This is only the beginning.

has2hands · #32 (**permalink**) 7th April 2011, 03:16 PM

congrats on sale....great news!

Rubber Duck · #33 (**permalink**) 7th April 2011, 03:29 PM

Well, actually selling this domain at this price was probably a mistake.

I should know. I have made a few.

domainguru · #34 (**permalink**) 7th April 2011, 03:39 PM

Quote:

Originally Posted by Rubber Duck

Well, actually selling this domain at this price was probably a mistake.

I should know. I have made a few.

Well, selling anything whilst prices are on an upward curve is a "mistake" in simple economic terms (unless you can term the resulting capital into more than the difference between the "now" price and the eventual "optimum" price (which of course you never know until after it has been and gone)).

But for countless reasons, life is more complicated than that.

In terms of what it does psychologically, mainly for the Hindi market and for IDNs in general, I don't think its a mistake. If this was 2012 - 2015 sure, but netting $10K sure beats thumb-twiddling for another year, particularly if, like Steve, you have plenty more irons in the fire.

**tee1** · #35 (**permalink**) 7th April 2011, 04:15 PM

Quote:

Originally Posted by Steve Clarke

Sale Info, submitted to DNJournal.

Great and again congrats!

Quote:

Originally Posted by domainguru

you have plenty more irons in the fire.

RD you do have a couple of IDNs left .........

Steve Clarke · #36 (**permalink**) 7th April 2011, 04:31 PM

It was definitely a mistake selling for $10,000...but I have over 2,000 renewals and several other expenses to look after.

If I only had a few good domains...that deal doesn't get done, at that price.
But, I've loaded up over the last 5 years.

domainguru · #37 (**permalink**) 7th April 2011, 05:11 PM

Quote:

Originally Posted by Steve Clarke

It was definitely a mistake selling for $10,000...but I have over 2,000 renewals and several other expenses to look after.

If I only had a few good domains...that deal doesn't get done, at that price.
But, I've loaded up over the last 5 years.

We are all perfect sellers in retrospect, but on the web, its a near impossible task, especially when you have no idea who you are talking to, what their budget is etc.

Just be happy you've made history with the first five figure Hindi domain sale. Nobody can rewrite history, though many try.

Drewbert · #38 (**permalink**) 7th April 2011, 08:49 PM

Quote:

Originally Posted by Steve Clarke

It was definitely a mistake selling for $10,000...but I have over 2,000 renewals and several other expenses to look after.

Next time you want to sell the family silver cheap, get in touch with me first

Steve Clarke · #39 (**permalink**) 7th April 2011, 10:35 PM

Just got turned down for DNJournal.

Response below:

Hi Steve:

Thanks for your note. This sale is now too old to include in our weekly sales report and the only older charts we maintain are annual top 100 charts which this sale would not be high enough to qualify for. Still a very nice IDN sale – congrats.

Best Wishes

Ron

bwhhisc · #40 (**permalink**) 7th April 2011, 10:45 PM

Quote:

Originally Posted by Steve Clarke

Just got turned down for DNJournal.
Response below:
Hi Steve:
Thanks for your note. This sale is now too old to include in our weekly sales report and the only older charts we maintain are annual top 100 charts which this sale would not be high enough to qualify for. Still a very nice IDN sale – congrats.
Best Wishes
Ron

"Every party has a pooper"