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

He is 23, down $3.6 million for the past 30 times; 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 beginning of the brand new year, Blom has since fallen back in 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 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, 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 was active in all ten regarding the 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 end of 2010, only to have their true identification revealed as he played live at the annual PokerStars Caribbean Adventure (PCA) in the Bahamas. Blom remained on the PokerStars pro roster for 1 1/2 years, moving on to Full Tilt just recently, in October 2012.

Highs and Lows

Blom is no complete stranger to the highs and lows of on-line 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 from 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’s reported that the young gun quickly built a short bankroll of $2,000 into a remarkable $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 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 division that is new of’s Frima Studio. The partnership aims to just take both social gaming and a real income gaming in new guidelines, namely, by merging them into what both companies hope will be a delectable, real-money gaming treat that is social.

Compared to that end, 3Oak has stated that they are not preparing on doing the casino that is same-old games, although the social video gaming real cash casino scene is largely untapped and potentially ready to burst. What types of titles they do intend on building is being kept under wraps for the right time being. Suffice to state, they have big plans for creative new ways to activate 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 will focus on the opportunity and we couldn’t be happier to black diamond casino boat west palm beach be 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 money that is real titles.’

And real cash gaming is truly in which a majority of developers wish to just take their social games in the future. Existing social games are largely subsidized through micro-transactions by way of a tiny percentage of paying customers, and that small percentage only spends a few dollars per month on average. As such, it will take a player that is massive to create any significant amount of income.

Real-money gamblers however have a tendency to spend a much greater amount of cash on their gaming pursuits, in the product range of $100-$200 each month. Frima and 3Oak are relying upon that gambling customer generosity to hold over into a gaming format that is different. While they’re uncertain of just exactly how willing their customers is to spend wads of money wagering on the games, they have at the very least seen positive early returns in how ready customers are to spend some money 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.’

As opposed to the conversion that is usual of 3% of players into paying clients for most social games, their prototype game achieved rates much greater than that, and those customers were willing to invest more individually as well.

Whilst it may not be the guaranteed money making machine that an on-line casino could be, it could additionally wind up being a lot more, and help revolutionize the social gaming room. It’s exciting news for other gaming companies, in addition to the ratings of gamers who don’t have much interest in slots or movie poker, but appear ready and prepared to plunk their money down on more creative and skill-based gaming wagers.

Bonza Gaming Becomes Third Company to Provide Real-Money Gaming on Facebook

Facebook has added a 3rd partner to their real-money gaming fold, that partner in this case being Bonza Gaming. Bonza joins Gamesys and 888 because 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 therefore far, which 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 established their real-money offering, Bonza Slots following the announcement and finalization 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 delighted to have partnered with Net Entertainment, which after a thorough supplier selection process was the clear champion, and the provider which could provide our venture with Facebook the best long term strategic value and stability. We are now focused on delivering an effective launch that is commercial and with our combined knowledge and experience, I am really positive about this long term partnership’, stated Rick Brownlow, CEO at Bonza Gaming.

Net Entertainment is no stranger to real-money video gaming, which made them a nice-looking and partner that is experienced Bonza. Net Entertainment boasts over 15 years into the casino gaming industry as a developer of both online and offline slots and casino games. In addition they operate several online casinos themselves (which naturally utilize their very own pc software).

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

‘Net Entertainment is certainly one of the first vendors of online casino games to enter money that is real on Facebook and I will be very pleased that our company is 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 many of the world’s most well known games on the traditional online casino market and we am positive that the users on Facebook will be given a great experience. Real 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 business.’

Bonza Slots use advanced age verification and identity confirmation tools to make certain their platform isn’t being abused, and that it provides a safe gaming that is social for everyone included. The company will initially concentrate on Barclaycard as their major payment service provider, with additional options prepared for the future.

The launch of Bonza Slots is a superb achievement for the young London-based startup, who began development on the product simply 6 months previous, with backing from Sportingbet and Plumbee, two companies with expertise within the online gaming sector. And as the very first company to provide a wide selection of real-money games on Facebook, they’ve been poised to be at the forefront with this exciting and brave brand 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 debt load, casino giant Caesars Entertainment could be forced to raise funds by offering minority stakes in another of its most potentially lucrative divisions, Caesars Interactive, aswell like in some of its brick-and-mortar casino properties. Ironically, the gambling conglomerate only recently purchased a few of its own interactive division holdings; Buffalo Studios, a Santa Monica-based social and mobile games developer ended up being obtained just like 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 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 is 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 organization’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 profits on February 25, but has currently given 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 not even half the loss that is high-projection, expecting approximately $268 million; the losses may also be expected to be dual Caesars reported $246.9 million Q4 2011 reports. Revenues are anticipated to appear in well below earlier projections of $2.11 billion.

Caesars Debt Hurt By Hurricane

From $30 million to $35 million of the projected loss could be attributed to October 2012’s devastating Hurricane Sandy hit in New Jersey’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 pay off loans which have come due. It is also trying to can get on board the extremely successful Asian gambling junket with a proposed South Korean casino task, although all of 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 recent Securities and Exchange Commission filing shows the chance that Caesars may sell off stocks in Planet Hollywood in Las vegas, nevada and a proposed Baltimore, Maryland casino to keep the sinking company afloat. The business have not published a profit since 2009.