1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Dismiss Notice
  3. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice

Poll:Best Screenshot of the Month?



Candidates Revealed...Cast your vote!.
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

$10 mill for Wall Street.com domain?

Discussion in 'Casino Industry Discussion' started by jetset, Oct 12, 2007.

    Oct 12, 2007
  1. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    WHAT'S IN A NAME?

    Quite a lot, if it's Wall Street.com....

    Once an online gambling domain name, "Wallstreet.com" could raise millions for its present owners if an upcoming auction is successful, reports the Financial Times.

    Experts told the UK newspaper this week that the domain could raise as much as $10 million - well up from it's previous record price back in 1999 of $1 million. While Wall Street.com was a stand-alone online gambling venture, the site never quite made the impact that was widely anticipated upon its purchase.

    The newspaper reports that high prices for Internet domains are not unusual, and quotes the $9.5 million paid for "Porn.com" earlier this year.

    The auction is being organised by Florida firm Monicker.com, where a spokesman told the FT that there was a $4 million to $5 million reserve price on the Wallstreet domain, but the auctioneer expected it to beat Porn.com in heavy bidding.

    The virtual Wallstreet has in fact been idle, unlike the real life financial hub, for the past four years.

    The current owners of the domain bought it from an online gambling company which found itself unable to trade in its main, US, market after the passage of the Unlawful Internet Gambling Enforcement Act in autumn 2006.

    The cost of the entire business last winter was $1.

    The market for domain names is still healthy, according to analysts, despite the fact that improvements in search engine technology have made them less important than site content in attracting customers.

    Recent sales, in addition to porn.com, saw "vodka.com" sold for $3 million. The sites "computer.com" and "tax.com" on sale are expected to raise about a third as much as vodka.

    The value of Web addresses is appreciating 20 percent this year, according to Monicker.com CEO Monte Cahn, whose Pompano Beach, Florida, company is the largest U.S. organiser of live Internet domain auctions. That beats the performance of the Standard & Poor's 500 Index, which is up 9.6 percent.

    The growth comes as Internet use and online advertising surge. The number of sales commanding prices of $10 000 or more is "significantly'' higher this year than last year, one expert said.

    Even idle, with just links to other Web sites, Wall Street.com is a big draw, Cahn told Bloombergs news agency. It attracts as many as 2 000 visits a day from people looking for banking, investment or tourism information, he said.

    "It has great brand value because it's Wall Street.''
     
    1 person likes this.
  2. Oct 13, 2007
  3. jod5413

    jod5413 Is That Better?

    Occupation:
    having a good time doing anything
    Location:
    somewhere on the planet
    My God, Jetset, that is astounding! Makes me wish I'd pursued a career in computers and the technology years ago :eek: It "bored" me (I am sooooo stupid!)

    Jod
     
  4. Oct 13, 2007
  5. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    These auction results are going to be interesting, alright!
     
  6. Oct 13, 2007
  7. jod5413

    jod5413 Is That Better?

    Occupation:
    having a good time doing anything
    Location:
    somewhere on the planet
    Please keep us posted as you get the info, ok?

    Jod
     
  8. Oct 13, 2007
  9. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Makes me wish I had a time machine :D

    There is a small group of young guys in Florida who are plugged into CNN and othe news programs all day. Whenever a topic or name appears, they buy the domain if it's available. They have been making a fortune in doing so.

    Nowadays it takes foresight and a bit of creativity to nab these domains. Simmo! has oggs.com mainly from this train of thought. Too bad he was off a little :D

    Anyone up for crapbonuses.com?

    Or crapmeister.com? :D
     
  10. Oct 13, 2007
  11. jod5413

    jod5413 Is That Better?

    Occupation:
    having a good time doing anything
    Location:
    somewhere on the planet
    Unfortunately, Bryan, though my creativity levels are off the charts, my foresight is waaaaay skewed :D

    Jod
     
  12. Oct 13, 2007
  13. SlotsWizard

    SlotsWizard Dormant account webmeister

    Occupation:
    I currently work for the Wizard of Odds
    Location:
    North of Antarctica
    Crapmeister.com has a higher PR than my site... I'm sure I could leverage that somehow. :lolup:
     
  14. Oct 13, 2007
  15. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    Fails to Sell

    `Porn.com' Keeps Title as `You must register/login in order to see the link. (Update1)

    By Ville Heiskanen

    Oct. 12 (Bloomberg) -- The WallStreet.com Web address failed to sell at an auction in Florida today after bids fell below owners' expectations, leaving Porn.com as the most expensive domain name sold this year.

    The highest bid of $3 million was less than the $4 million to $5 million reserve price set by the owners, said Erin Burke, a spokeswoman for Moniker.com, the manager of the auction in Hollywood, Florida. Porn.com sold for $9.5 million in May.

    WallStreet.com has been idle since it was sold four years ago for $2.3 million by a Caribbean-based casino, according to Monte Chan, chief executive officer of Pompano Beach, Florida- based Moniker.com. The casino paid $1 million for the address in 1999 and ran it as a gambling site, letting people bet on the stock market's movements.

    The current owner is a European Internet entrepreneur and two other investors, whom Moniker.com declined to identify. The owners will now seek higher bids through a Web-based auction....
     
    1 person likes this.

Share This Page