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Loss and profit Take on New Meaning for Swedish Pro Viktor Blom
He’s 23, down $3.6 million for the past 30 days; but that’s not terribly unusual for the poker phenom known round the globe to online fans as ‘Isildur1,’ aka Viktor Blom. Following a dazzling two-week online winning streak from the beginning of the newest year, Blom has since dropped 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 spot on Full Tilt poker, the online site he represents as a professional.
High Stakes Is Their Game
It’s all per day’s work for the young pro, that is no stranger to uber high-stakes online poker: he caught the breathless attention of poker fans everywhere simply four years ago, when in 2009, he had been active in all ten of this largest pots in poker online history. Blom had been nevertheless playing under wraps by his pseudonym that is online when joined Team PokerStars at the finish of 2010, only to own their real identity revealed when he played live at the annual PokerStars Caribbean Adventure (PCA) in the Bahamas. Blom remained on the PokerStars professional roster for 1 1/2 years, moving on to Comprehensive Tilt just recently, in October 2012.
Highs and Lows
Blom is no stranger to the highs and lows of online poker; in their initial cloaked ‘Isildur1’ days, he played pros that are top 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 an astonishing $6 million, only to lose back $4 million of it by December of 2009, one month later. The loss that is staggering him largely out of online play on Full Tilt until February 2010.
It is reported that the gun that is young built an initial bankroll of $2,000 into an impressive $1.4 million; the initial half-million of that from the $100/$200 No restriction Hold’em match with high-stakes Full Tilt online regular Haseeb Qureshi.
Blom, who hails originally from Gotheburg, Sweden, has career competition winnings of very nearly $2 million. Their many impressive tournament finishes to date include taking first within the 2012 PCA No Limit Hold’em Super High Roller Eight Max event for a $1,254 real cash online casino,400 cash, as well as the May 2012 online PokerStars SCOOP 02-M $215 buy 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 video gaming developer 3Oak, a division that is new of’s Frima Studio. The partnership aims to just take both social gaming and real money gaming in completely new directions, 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 that they are not preparing on doing the same-old casino style games, even though the social gaming real cash casino scene is largely untapped and potentially prepared to burst. What kinds of titles they do plan on building will be held under wraps for the right time being. Suffice to say, they have big plans for creative new ways to interact players in social games, with a money that is real for added flavour.
‘Frima’s bullishness on real-money gaming that is social evidenced by the creation of a new division of their company which will focus 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 vision and skill necessary to produce innovative, industry leading real money gaming titles.’
And real money gaming is undoubtedly where a most of developers want to just take their social games in the future. Existing social games are largely subsidized through micro-transactions with a small portion of paying customers, and that small percentage only spends a few dollars per month on average. As such, it requires a player that is massive to create any significant level of revenue.
Real-money gamblers however tend to spend a much greater sum of money on their gaming pursuits, in the range of $100-$200 each month. Frima and 3Oak are relying on that gambling customer generosity to carry over into a gaming format that is different. As they’re uncertain of just exactly how willing their customers will likely be to spend wads of cash wagering on the games, they have actually at the very least seen positive early returns in how willing customers are to spend cash on a social gambling game, centered 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.’
Rather than the conversion that is usual of 3% of players into paying clients for most social games, their prototype game achieved prices much greater than that, and those customers were willing to spend more independently because 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 is exciting news for any other video gaming businesses, along with the ratings of gamers that don’t have much interest in slots or movie poker, but appear ready and ready to plunk down their cash on more creative and skill-based video gaming wagers.
Bonza Gaming Becomes Third Business to deliver 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 as the only businesses authorized by Facebook to deliver real-money video gaming opportunities.
Gamesys and 888 have both used those discounts to launch real-money bingo games thus far, that are currently just open to residents that are UKas per Facebook’s current policy), but is extended with other regions in the future.
Bonza immediately launched their real-money offering, Bonza Slots after the finalization and announcement of the partnership. Those games have been developed in partnership with web Entertainment, who continues to develop and add more slot and casino offerings to your Bonza Slots app in the foreseeable future.
‘We are pleased to have partnered with web Entertainment, which after a thorough supplier selection process was the clear champion, and also the supplier which could provide our venture with Facebook the best long term strategic value and stability. We are actually focused on delivering an effective commercial launch, and with our combined knowledge and experience, we am really positive about this long term partnership’, said Rick Brownlow, CEO at Bonza Gaming.
Net Entertainment is no complete stranger to real-money video gaming, which made them a nice-looking and partner that is experienced Bonza. Net Entertainment boasts over 15 years within the casino gaming industry as a developer of both online and offline slots and casino games. They also operate several online casinos themselves (which naturally utilize their own pc software).
For their component, Net Entertainment is also delighted with the deal, and enjoy expanding their offerings to Facebook users through Bonza Slots.
‘Net Entertainment is one of the very first manufacturers of on-line casino games to enter real money video 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 globe’s preferred games on the traditional online casino market and I am good that the users on Facebook will be given a great experience. Genuine money video gaming over Facebook is just a new exciting circulation channel for Net Entertainment and is closely linked to the company’s existing core company.’
Bonza Slots use advanced age verification and identification confirmation tools to make sure their platform isn’t being abused, and that it offers a safe social video gaming environment for everybody included. The company will initially focus on Barclaycard as their payment that is major service, with additional options prepared for the long run.
The launch of Bonza Slots is a superb accomplishment for the young London-based startup, who began development on the product just 6 months previous, with supporting from Sportingbet and Plumbee, two companies with expertise in the online gaming sector. And because the first business to supply a wide selection of real-money games on Facebook, these are typically poised become at the forefront of this exciting and brave new gaming world that is social.
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 boost funds by offering minority stakes in one of its most possibly lucrative divisions, Caesars Interactive, aswell like in some of its brick-and-mortar casino properties. Ironically, the conglomerate that is gambling recently purchased a few of its very own interactive division holdings; Buffalo Studios, a Santa Monica-based social and mobile games designer had been obtained just like 2012 drew to a close, and Playtika, an Israeli social games company, was purchased by Caesars less than two years ago with a 51 percent stakehold.
Bad Timing For Caesars Entertainment
Incorporating to your good news/bad news timing could 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 be available as early as very first quarter 2013. Impending ‘yay’ or ‘nay’ online gambling legislation awaiting brand New Jersey Gov. Chris Christie’s signature could affect perceived value of the company’s Interactive division as well, in what’s likely to be an eventual $6 billion yearly U.S. online player market.
Caesars plans to release its Q4 and FY 2012 earnings on February 25, but has already granted an advance view of its grim profit-and-loss statement for last year. 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 less than half the high-projection loss figures, expecting approximately $268 million; the losses are expected to be double Caesars reported $246.9 million Q4 2011 reports. Revenues are required to are available in well below previous projections of $2.11 billion.
Caesars Debt Hurt By Hurricane
From $30 million to $35 million of this projected loss are attributed to October 2012’s devastating Hurricane Sandy hit in nj-new jersey’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 repay loans which have come due. It’s also trying to can get on board the extremely successful Asian gambling junket with a proposed South Korean casino task, although the majority of the high-revenue American gaming operations are making bank out of Macau, a gambling Mecca operated under the auspices of the folks’s Republic of China.
Finally, a recent Securities and Exchange Commission filing shows the possibility that Caesars may offer off stocks in Planet Hollywood in Las Vegas and a proposed Baltimore, Maryland casino to help keep the sinking company afloat. The business have not posted a profit since 2009.
