.Fun which was scheduled to go to an ICANN Last Resort Auction later this month has been resolved with Oriental Trading Company, Inc who owns the domain Oriental.com prevailing in a private auction beating Google and the company that owns and operates .Buzz
.Fun will be the only new gTLD that Oriental Trading Company, Inc. will operate. The company applied for .Party but did not prevail (Famous Four Media won)
According to its application, the Oriental Trading Company, Inc. (OTC) plans to operate .Fun as a closed registry.
Here is how OTC described the .Fun new gTLD in its application