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$90 Million Domain sale LasVegas.com /You are selling your domains cheap

Discussion in 'BlackHat Lounge' started by SkyrocketSEO, Nov 7, 2015.

  1. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

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    Found this on another forum.

    "Domain investor extraordinaire, George Kirikos, has dug up the financial reports of the Vegas.com owners.
    According to Kirikos, Vegas.com paid $12 million dollars in cash in 2005, to acquire the domain LasVegas.com.
    But that?s just the tip of the iceberg.
    The analysis of the financial statements reveals that LasVegas.com was sold for an astounding $90 million dollars in total payments.
    The payment plan, scheduled to be completed over 35 years, spans 2005 to 2040."
     
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  2. littlerubby

    littlerubby Junior Member

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    Damn!!! What a joke...
     
  3. Sythix

    Sythix Senior Member

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    That is a lot of money, but a domain like that has potential to make a lot of money as well. Between all the casinos, hotels, attractions, rent-a-car services etc... they will pay top dollar for an ad/mention on that site.
     
  4. ivegotkidstofeed

    ivegotkidstofeed Marketplace seller Marketplace seller

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    That's an incredible amount of coin for a domain wtf
     
  5. asap1

    asap1 BANNED BANNED

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    What a waste.

    I would have built a 1,000,000 site PBN and ruled the googlesphear
     
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  6. wowhaxor

    wowhaxor Elite Member

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    A big part of the problem is vegas.com is a branded and marketed domain so they depend on type in traffic. Then people who hear or see their ads and remember it wrongly and type in lasvegas.com instead. So yes, having the domain was crucial to their business. When you have to have something and the seller knows it he's going to ask for a lot. Also that $90M is over 35 years, he got $12M upfront so it makes the hit sting a bit less especially since its just a little fraction of their yearly profit/another operating expense.

    Have you ever looked at their business? They sell hotels and shows etc. for Vegas, people use them to book everything they will do for week long trips out there they probably make a $200-$500 average cut off each booking. I would guess they make an insane amount of money reselling hotel bookings, shows, discounted coupons and they also sell ad space to casinos, etc.
     
    Last edited: Nov 7, 2015
  7. Panther28

    Panther28 Jr. VIP Jr. VIP

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    I would have bought 2.
     
  8. asap1

    asap1 BANNED BANNED

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    I'd still rather rule the googlesphere with my master plan :)
     
  9. Chimera77

    Chimera77 Newbie

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    This reminds me all the drama involved around sex.com. At end it was valued just around 11 million.
     
  10. MikeWorld1

    MikeWorld1 Registered Member

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    In a word.... DAMMMM
     
  11. illfounded21

    illfounded21 Senior Member

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    I work in a highly ranked Fortune 500 company - and it is hard to
    comprehend spending $90M on a domain.

    That said, we spend more than that investing in tech / factories etc, which is our 'bread and butter'.

    Im sure the maths has been done, and an ROI justified.
     
  12. illfounded21

    illfounded21 Senior Member

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    Anyone know what the most expensive domain ever sold was?
     
  13. wowhaxor

    wowhaxor Elite Member

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    Well, they are paying slightly over $2M a year because its over a long period so I'm sure they're figured it will make them over $2M a year therefore its a good investment.

    This is the most expensive domain sold (although again its only $12M upfront) and surprisingly many of the most expensive ever sold are in this same niche - hotel/travel bookings - so it must be a killer money maker if you can get that type in traffic. The #2 on the list is vacationrentals.com which went between some guy and expedia in a bidding war and is almost identical to vegas.com only for a larger market.
     
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  14. A7strohhut

    A7strohhut Registered Member

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    good domain for my pbn ;D
     
  15. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

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    This is now officially the most expensive
     
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  16. crackarama

    crackarama Regular Member

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    Porn .com went for 10 million if memory serves me correctly but damn, 90 mil