Profit and Loss Take on New Meaning for Swedish Pro Viktor Blom

Profit and Loss 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 brand new year, Blom has since dropped back to a meager $1.5 million, according to HighstakesDB.com, a poker tracking data site. More than $800,000 of those brutal losses occurred in just the week that is past and took spot on Comprehensive Tilt poker, the online site he represents as an expert.

High Stakes Is Their Game

It’s all in a day’s work with the pro that is young 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 the largest pots in poker online history. Blom was nevertheless playing under wraps by their online pseudonym as he joined Team PokerStars at the conclusion of 2010, only to have their real identity revealed when he played live during the annual PokerStars Caribbean Adventure (PCA) in the Bahamas. Blom remained on the PokerStars roster that is pro 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 online poker; in his 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 a whopping $6 million, only to lose back $4 million of it by December of 2009, one month later. The staggering loss took him largely out of online play on Full Tilt until February 2010.

It’s reported that the young weapon quickly built a short bankroll of $2,000 into an impressive $1.4 million; initial half-million of this from the $100/$200 No Limit 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. His most tournament that is impressive to date include taking first into the 2012 PCA No Limit Hold’em Super High Roller Eight Max event for a $1,254,400 money, as well as the May 2012 online PokerStars SCOOP 02-M $215 buy in No Limit Hold’em event for the $247,200 finish.

Betable Teams Up With Real Money Gaming Developer 3Oak

Betable recently announced a partnership with startup gaming designer 3Oak, a new division of canada’s Frima Studio. The partnership aims to simply take both social gaming and a real income 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 end, 3Oak has stated they are not preparing on doing the same-old casino style games, although the social video gaming real money casino scene is largely untapped and potentially willing to burst. What kinds of titles they do plan on building will be kept under wraps for the time being. Suffice to state, they have big plans for creative new ways to engage players in social games, with a money that is real for added flavour.

‘Frima’s bullishness on real-money social gaming is evidenced by the creation of a brand new division of their company that may concentrate on the opportunity and we couldn’t be happier become powering it for them,’ said Christopher Griffin, founder and CEO of Betable. ‘With their resources and experience, we’re confident that 3OAK has the eyesight and ability necessary to produce innovative, industry leading real cash gaming games.’

And a real income gaming is certainly the place where a majority of developers wish to take their social games in the foreseeable future. Current social games are largely subsidized through micro-transactions by way of a little percentage of paying customers, and that small percentage only spends a few dollars each month an average of. As a result, it will take a player that is massive to build any significant level of income.

Real-money gamblers however have a tendency to spend a much greater amount of money on their gaming pursuits, in the number of $100-$200 each month. Frima and 3Oak are counting on that gambling customer generosity to carry over into a gaming format that is different. As they’re not sure of just how willing their customers is to spend wads of cash wagering on the games, they have actually at the very least seen positive early returns in how ready customers are to spend money 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.’

Instead of the usual conversion rate 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 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 video gaming companies, in addition to the ratings of gamers that don’t have much interest in slots or video poker, but appear ready and willing to plunk their money down on more creative and skill-based gaming wagers.

Bonza Gaming Becomes Third Business to offer Real-Money Gaming on Facebook

Facebook has added a third partner to their real-money gaming fold, that partner in this case being Bonza Gaming. Bonza joins Gamesys and 888 since the companies that are only by Facebook to produce real-money gaming opportunities.

Gamesys and 888 have both utilized those deals to launch real-money bingo games therefore far, which are currently just open to British residents (as per Facebook’s current policy), but ought to be extended to many other regions in the future.

Bonza immediately launched their real-money offering, Bonza Slots following finalization and announcement for the partnership. Those games have been developed in partnership with web Entertainment, who will continue to develop and add more casino and slot offerings towards the Bonza Slots app later on.

‘We are pleased to have partnered with web Entertainment, which after a thorough supplier selection process was the clear champion, and the supplier which could provide our venture with Facebook the best long term strategic value and security. We are now concentrated on delivering a successful commercial launch, sufficient reason for our combined knowledge and experience, I am really 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 partner that is experienced Bonza. Net Entertainment boasts over 15 years in raging bull casino login 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 use their very own computer software).

For their component, Net Entertainment is also thrilled utilizing the deal, and anticipate expanding their offerings to Facebook users through Bonza Slots.

‘Net Entertainment is one of the first vendors of on-line casino games to enter real money video gaming on Facebook and I am very pleased that our company is partnering with Bonza Gaming as their casino platform provider of preference,’ said Per Eriksson, president and CEO at web Entertainment.

‘Net Entertainment’s gaming portfolio contains many of the world’s top games on the traditional online casino market and we am positive that the users on Facebook will be provided with an experience that is great. Genuine money video gaming over Facebook is a new distribution that is exciting for Net Entertainment and is closely associated with the company’s existing core business.’

Bonza Slots 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 give attention to Barclaycard as their major payment supplier, with additional options prepared for the long term.

The launch of Bonza Slots is an excellent achievement for the young London-based startup, who began development on the product just 6 months previous, with backing from Sportingbet and Plumbee, two companies with expertise within the gaming sector that is online. And due to the fact first business to offer a wide selection of real-money games on Facebook, they’ve been poised become at the forefront of the exciting and brave brand new social gaming world.

Caesars Entertainment Interactive Division To Render Unto The Highest Bidder That Which Will Be Caesars

Dealing with a daunting $20 billion-plus debt load, casino giant Caesars Entertainment can be forced to raise funds by offering minority stakes in just 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 number of its very own interactive division holdings; Buffalo Studios, a Santa Monica-based social and mobile games developer was acquired just as 2012 drew up to a close, and Playtika, an Israeli social games company, was purchased by Caesars significantly less than couple of years ago with a 51 percent stakehold.

Bad Timing For Caesars Entertainment

Adding to your news/bad that is good timing could be the Nevada Gaming Commission’s December 2012 state online video gaming license approval, which could eventually allow Caesars to operate real-money poker games online, including their World variety 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 New Jersey Gov. Chris Christie’s signature could affect perceived value of the business’s Interactive division as well, in what’s expected to be an eventual $6 billion yearly U.S. online player market.

Caesars intends to release its Q4 and FY 2012 earnings on February 25, but has currently given an advance view of its profit-and-loss that is grim statement 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 not even half the loss that is high-projection, expecting approximately $268 million; the losings are also expected to be dual Caesars reported $246.9 million Q4 2011 reports. Revenues are anticipated to appear in well below early in the day projections of $2.11 billion.

Caesars Debt Hurt By Hurricane

From $30 million to $35 million of the projected loss may 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 provide $1.5 billion in seven-year, 9% senior secured notes in an effort to settle loans that have come due. It’s also wanting to can 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 People’s Republic of China.

Finally, a current Securities and Exchange Commission filing shows the chance that Caesars may offer off shares in Planet Hollywood in Las vegas, nevada and a proposed Baltimore, Maryland casino to keep the sinking business afloat. The organization have not posted a profit since 2009.

 

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