Loss and profit Take on New Meaning for Swedish Pro Viktor Blom
He’s 23, down $3.6 million for the past 30 times; but that’s not terribly unusual for the poker phenom known round the world to online fans as ‘Isildur1,’ aka Viktor Blom. Following a two-week that is dazzling winning streak from the beginning of the latest year, Blom has since fallen back to a meager $1.5 million, according to HighstakesDB.com, a poker tracking data web site. More than $800,000 of those brutal losses occurred in just the past week, and took destination on Comprehensive Tilt poker, the online site he represents as an expert.
High Stakes Is Their Game
It’s all in a day’s benefit the pro that is young who is no stranger to uber high-stakes online poker: he caught the breathless attention of poker fans everywhere simply four years ago, whenever in 2009, he was active in all ten of the largest pots in poker online history. Blom ended up being still playing under wraps by his pseudonym that is online when joined Team PokerStars at the finish of 2010, only to possess their real identity revealed when he played live at the annual PokerStars Caribbean Adventure (PCA) in the Bahamas. Blom stayed on the PokerStars pro roster for 1 1/2 years, moving on to Comprehensive Tilt just recently, in October 2012.
Highs and Lows
Blom is no complete stranger to the highs and lows of on-line poker; in his initial cloaked ‘Isildur1’ days, he played top pros like Tom Dwan, Phil Ivey and Patrik Antonius in cash games as big as $500/$1000 No Limit. Inside of just two months of their debut that is online had amassed a whopping $6 million, only to lose back $4 million of it by December of 2009, one thirty days later. The loss that is staggering him largely out of online play on Full Tilt until February 2010.
It is reported that the young weapon quickly built a short bankroll of $2,000 into an extraordinary $1.4 million; the very first half-million of the from the $100/$200 No limitation Hold’em match with high-stakes Full Tilt online regular Haseeb Qureshi.
Blom, who hails originally from Gotheburg, Sweden, has career tournament winnings of almost $2 million. Their most impressive tournament finishes to date include taking first into the 2012 PCA No Limit Hold’em Super High Roller Eight Max event for a $1,254,400 cash, as well as the May 2012 online PokerStars SCOOP 02-M $215 purchase in No Limit Hold’em event for a $247,200 finish.
Betable Teams Up With Real Money Gaming Developer 3Oak
Betable recently announced a partnership with startup gaming designer 3Oak, a new unit of canada’s Frima Studio. The partnership aims to take both social gaming and real cash gaming in completely new guidelines, namely, by merging them into what both companies hope will be a delectable, real-money social video gaming treat.
To that particular end, 3Oak has stated they are not planning on doing the casino that is same-old games, even though the social gaming real cash casino scene is largely untapped and potentially ready to burst. What forms of titles they do plan on building is being kept under wraps for the right time being. Suffice to say, they will have big plans for creative new ways to activate players in social games, with a real cash twist for added flavour.
‘Frima’s bullishness on real-money social gaming is evidenced by the creation of a brand new division of their company which will concentrate on the opportunity and we couldn’t be happier to be powering it for them,’ said Christopher Griffin, creator and CEO of Betable. ‘With their resources and experience, we’re confident that 3OAK has the eyesight and skill necessary to produce innovative, industry leading money that is real titles.’
And real money gaming is undoubtedly the place where a most of designers wish to take their social games as time goes by. Current social games are largely subsidized through micro-transactions by a tiny percentage of paying customers, and that small percentage only spends a few dollars each month an average of. As such, it requires a massive player base to build any significant quantity of income.
Real-money gamblers however tend to spend a much greater amount of money on their gaming pursuits, in the range of $100-$200 each month. Frima and 3Oak are counting on that gambling customer generosity to hold over into a different gaming format. As they’re unsure of just how willing their clients is to spend wads of cash wagering on the games, they have at the very least seen positive early returns in how willing customers are to spend cash on a social gambling game, based on a prototype game their company developed.
‘It showed you can cash out,’ Mikael Lefebvre of 3Oak told Gamesbeat in an interview that it makes sense to do free-to-play games where. ‘It brings you higher engagement rates.’
Instead of the conversion that is usual of 3% of players into paying clients for many social games, their prototype game accomplished prices much greater than that, and those customers were willing to spend more individually as well.
It could also wind up being far more, and help revolutionize the social gaming space while it may not be the guaranteed money making machine that an online casino could be. It’s exciting news for other gaming organizations, as well as the scores of gamers who don’t have much interest in slots or movie poker, but appear ready and prepared to plunk down their money on more creative and skill-based gaming wagers.
Bonza Gaming Becomes Third Business to supply Real-Money Gaming on Facebook
Facebook has added a partner that is third their real-money gaming fold, that partner in this case being Bonza Gaming. Bonza joins Gamesys and 888 while the companies that are only by Facebook to deliver real-money video gaming opportunities.
Gamesys and 888 have both utilized those deals to launch real-money bingo games hence far, that are currently only open to residents that are UKas per Facebook’s current policy), but should be extended to other regions into the future.
Bonza immediately launched their real-money offering, Bonza Slots following the finalization and announcement associated with partnership. Those games have been developed in partnership with web Entertainment, who will continue to develop and add more casino and slot offerings to your Bonza Slots app later on.
‘We are pleased to have partnered with web Entertainment, which after a thorough supplier selection process was the clear winner, therefore the provider which could provide our venture with Facebook the best long term strategic value and stability. We are now focused on delivering a successful launch that is commercial and with our combined knowledge and experience, I am very positive about this long term partnership’, said Rick Brownlow, CEO at Bonza Gaming.
Net Entertainment is no complete stranger to real-money gaming, which made them an attractive and experienced partner for Bonza. Net Entertainment boasts over 15 years into the casino gaming industry as being a developer of both online and offline slots and casino games. They also operate several online casinos by themselves (which naturally utilize their own pc software).
For their part, Net Entertainment can also be thrilled utilizing the deal, and enjoy expanding their offerings to Facebook users through Bonza Slots.
‘Net Entertainment is one of the first manufacturers of on-line casino games to enter real money gaming on Facebook and I will be very pleased that we’re partnering with Bonza Gaming as their casino platform provider of choice,’ said Per Eriksson, president and CEO at Net Entertainment.
‘Net Entertainment’s gaming portfolio contains a number of the world’s best games on the traditional online casino market and we am good that the users on Facebook will be provided with a great experience. Real money gaming over Facebook is really a new distribution that is exciting for Net Entertainment and is closely associated with the company’s existing core business.’
Bonza Slots will use advanced age verification and identification verification tools to ensure their platform isn’t being abused, and that it offers a safe gaming that is social for everyone involved. The company will initially consider Barclaycard as their major payment service provider, with additional options planned for the future.
The launch of Bonza Slots is a superb achievement for the young London-based startup, whom began development on the product just 6 months previous, with supporting from Sportingbet and Plumbee, two companies with expertise within the gaming sector that is online. And while the very first company to supply a wide selection of real-money games on Facebook, they’re poised become at the forefront of this exciting and brave new social gaming world.
Caesars Entertainment Interactive Division To Render Unto The Highest Bidder That Which Will Be Caesars
Facing a daunting $20 billion-plus financial obligation load, casino giant Caesars Entertainment could be forced to improve funds by offering minority stakes in one of its most potentially lucrative divisions, Caesars Interactive, also as in some of its brick-and-mortar casino properties. Ironically, the conglomerate that is gambling recently purchased a number of its very own interactive division holdings; Buffalo Studios, a Santa Monica-based social and mobile games designer had been acquired in the same way 2012 drew to a close, and Playtika, an Israeli social games company, had been purchased by Caesars not as much as two years ago with a 51 percent stakehold.
Bad Timing For Caesars Entertainment
Including towards the good news/bad news timing may be the Nevada Gaming Commission’s December 2012 state online gaming license approval, which could eventually allow Caesars to use real-money poker games online, including their World Series of Poker brand. It’s anticipated that legal poker play online in Nevada could become available as early as first quarter 2013. Impending ‘yay’ or ‘nay’ online gambling legislation awaiting New Jersey Gov. Chris Christie’s signature could affect perceived value of the business’s Interactive division as well, in what’s anticipated to be an ultimate $6 billion U.S. online player that is annual market.
Caesars plans to launch its Q4 and FY 2012 earnings on February 25, but has currently released an advance view of its grim profit-and-loss statement for last 12 months. Estimated quarter that is fourth could range anywhere from $452 million to $556 million, on earnings of $1.55 billion to $1.58 billion. Analysts had predicted fewer than half the high-projection loss figures, expecting approximately $268 million; the losings are also expected to be dual Caesars reported $246.9 million Q4 2011 reports. Revenues are expected to appear in well below earlier in the day projections of $2.11 billion.
Caesars Debt Hurt By Hurricane
From $30 million to $35 million of the projected loss can be attributed to October 2012’s devastating Hurricane Sandy hit in nj’s Atlantic City, where Caesars holds substantial investments.
Caesars says it plans to offer $1.5 billion in seven-year, 9% senior secured notes in an effort to settle loans that have come due. It’s also attempting to get on board the extremely successful Asian gambling junket with a proposed South Korean casino project, although all the high-revenue American gaming operations are making bank away from Macau, a gambling Mecca operated under the auspices of the folks’s Republic of China.
Finally, a current Securities and Exchange Commission filing shows the likelihood that Caesars may sell off stocks in Planet Hollywood in vegas and a proposed Baltimore, Maryland casino to help keep real-money-casino.club the sinking business afloat. The business has not posted a revenue since 2009.