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 understood round the globe to online fans as ‘Isildur1,’ aka Viktor Blom. Following a dazzling two-week online winning streak from the start of the latest year, Blom has since dropped back again 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 Full Tilt poker, the online site he represents as a professional.
High Stakes Is His Game
It’s all in one day’s benefit the young pro, 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 ended up being active in all ten of this largest pots in poker online history. Blom had been nevertheless playing under wraps by their pseudonym that is online when joined Team PokerStars at the conclusion of 2010, only to have his true identity revealed as he played live at 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 internet poker; in their 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 his debut that is online had amassed an astonishing $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’s reported that the young gun quickly built an initial bankroll of $2,000 into an impressive $1.4 million; the first half-million of the coming from a $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 almost $2 million. Their many impressive tournament finishes to date include taking first in 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 video gaming developer 3Oak, a new unit of canada’s Frima Studio. The partnership aims to take both social gaming and real money gaming in brand-new guidelines, namely, by merging them into what both companies hope will be a delectable, real-money social gaming treat.
To that end, 3Oak has stated they are not preparing on doing the same-old casino style games, although the social gaming real cash casino scene is largely untapped and potentially ready to burst. What forms of titles they do plan on building has been kept under wraps for the time being. Suffice to say, they have big plans for creative new ways to engage players in social games, with a a real income twist for added flavour.
‘Frima’s bullishness on real-money social gaming is evidenced by the creation of a new division of the company that will focus 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 create innovative, industry leading money that is real titles.’
And real money gaming is truly where a majority of designers wish to take their social games as time goes by. Existing social games are largely subsidized through micro-transactions by a small percentage of paying customers, and that small percentage only spends a few dollars per month an average of. As such, it requires a player that is massive to come up with any significant amount of income.
Real-money gamblers however tend to spend a much greater amount of money on their gaming pursuits, in the product range of $100-$200 each month. Frima and 3Oak are relying upon that gambling customer generosity to carry over into a gaming format that is different. While they’re not sure of just how willing their customers will likely be to spend wads of money wagering on the games, they have at the very least seen positive early returns in how prepared customers are to spend money on a gambling that is social, according to 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 usual conversion rate of 3% of players into paying customers for most social games, their prototype game accomplished prices much greater than that, and those customers were willing to invest more independently since 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 gaming companies, along with the scores of gamers who 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 video gaming wagers.
Bonza Gaming Becomes Third Business to Provide 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 black diamond casino gambleroad to deliver real-money video gaming opportunities.
Gamesys and 888 have both utilized those discounts to launch real-money bingo games hence far, that are currently just open to British residents (as per Facebook’s current policy), but should really be extended to many other regions into the future.
Bonza immediately launched their real-money offering, Bonza Slots following the announcement and finalization regarding the partnership. Those games have been developed in partnership with web Entertainment, who continues to develop and add more casino and slot offerings to the Bonza Slots app as time goes by.
‘We are pleased to have partnered with Net Entertainment, which after a thorough supplier selection process was the clear winner, as well as the supplier which could provide facebook the best long term to our venture strategic value and security. We are now actually concentrated on delivering a successful commercial launch, sufficient reason for 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 stranger to real-money video gaming, which made them an attractive and experienced partner for Bonza. Net Entertainment boasts over 15 years into the casino gaming industry being a developer of both online and offline slots and casino games. In addition they operate several online casinos by themselves (which naturally use their software that is own).
For their component, Net Entertainment is also delighted using the deal, and anticipate expanding their offerings to Facebook users through Bonza Slots.
‘Net Entertainment is certainly one of the very first manufacturers of online casino games to enter real money gaming on Facebook and I will be very pleased that we are partnering with Bonza Gaming as their casino platform provider of preference,’ said Per Eriksson, president and CEO at Net Entertainment.
‘Net Entertainment’s gaming portfolio contains a number of the world’s most well known games on the traditional online casino market and I am positive that the users on Facebook will be supplied with an experience that is great. Genuine money gaming over Facebook is just a new exciting circulation channel for Net Entertainment and is closely associated with the company’s existing core company.’
Bonza Slots use advanced age verification and identity verification tools to make sure their platform isn’t being abused, and that it gives a safe gaming that is social for everyone involved. The company will initially give attention to Barclaycard as their payment that is major service, with additional choices prepared 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 backing from Sportingbet and Plumbee, two companies with expertise within the online gaming sector. And while the first company to provide a wide selection of real-money games on Facebook, they’re poised become at the forefront of this exciting and brave brand new social gaming world.
Caesars Entertainment Interactive Division To Render Unto The Highest Bidder That Which Is Caesars
Facing a daunting $20 debt that is billion-plus, casino giant Caesars Entertainment can be forced to raise funds by offering minority stakes in one of its most potentially lucrative divisions, Caesars Interactive, also like in some of its brick-and-mortar casino properties. Ironically, the conglomerate that is gambling recently purchased some of its own interactive division holdings; Buffalo Studios, a Santa Monica-based social and mobile games designer had been obtained in the same way 2012 drew up 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 is 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 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 business’s Interactive division as well, in exactly what’s anticipated to be an ultimate $6 billion U.S. online player that is annual market.
Caesars intends to launch its Q4 and FY 2012 profits on February 25, but has currently granted an advance view of its profit-and-loss that is grim statement last year. Estimated 4th quarter losings 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 high-projection loss figures, expecting approximately $268 million; the losings will also be expected to be double Caesars reported $246.9 million Q4 2011 reports. Revenues are expected to come 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 is attributed to October 2012’s devastating Hurricane Sandy hit in nj-new jersey’s Atlantic City, where Caesars holds investments that are substantial.
Caesars says it plans to offer $1.5 billion in seven-year, 9% senior secured notes in an effort to pay off loans that have come due. Additionally it is attempting to get on board the extremely successful Asian gambling junket with a proposed South casino that is korean, although most of 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 possibility that Caesars may sell off stocks in Planet Hollywood in vegas and a proposed Baltimore, Maryland casino to hold the sinking business afloat. The company have not published a profit since 2009.