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 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 start of the latest year, Blom has since fallen back in to a meager $1.5 million, according to, a poker tracking data web site. More than $800,000 of those brutal losses occurred in just the week that is past and took place on Comprehensive Tilt poker, the online site he represents as a professional.

High Stakes Is His Game

It’s all in one day’s work with the young pro, who is no stranger to uber high-stakes online poker: he caught the breathless attention of poker fans everywhere just 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 their pseudonym that is online when joined Team PokerStars at the finish of 2010, only to possess their true identity revealed when he played live during the annual PokerStars Caribbean Adventure (PCA) in the Bahamas. Blom stayed 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 stranger to the highs and lows of online 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 an astonishing $6 million, only to lose back $4 million from 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 a remarkable $1.4 million; the first half-million of that 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 tournament winnings of very nearly $2 million. Their most tournament that is impressive to date include taking first into the 2012 PCA No Limit Hold’em Super High Roller Eight Max occasion for a $1,254,400 money, as well as the May 2012 online PokerStars SCOOP 02-M $215 purchase 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 designer 3Oak, a new division of canada’s Frima Studio. The partnership aims to just take both social gaming and real cash gaming in new guidelines, namely, by merging them into what both companies hope will be a delectable, real-money gaming treat that is social.

To that end, 3Oak has stated that they are not planning on doing the casino that is same-old games, even though the social gaming real money casino scene is largely untapped and potentially ready to burst. What kinds of titles they do plan on building is being kept under wraps for the right time being. Suffice to state, they have big plans for creative new ways to engage 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 new division of the company that may concentrate on the opportunity and we couldn’t be happier become 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 ability necessary to create innovative, industry leading money that is real titles.’

And real cash gaming is undoubtedly the place where a most of designers would like to take their social games later on. Current social games are largely subsidized through micro-transactions by way of a tiny percentage of paying clients, and that small percentage only spends a few dollars per month on average. As a result, it takes a massive player base to generate any significant number of revenue.

Real-money gamblers however have a tendency 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 carry over into a different gaming format. While they’re uncertain of just exactly how willing their clients will be to spend wads of money wagering on the games, they have actually at the minimum seen positive early returns in how willing customers are to spend money on a social gambling game, based on a prototype game their company developed.

‘It showed that it creates feeling to do free-to-play games where you can cash out,’ Mikael Lefebvre of 3Oak told Gamesbeat in an interview. ‘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 invest more separately 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’s exciting news for any other video gaming organizations, in addition to the scores of gamers that don’t have much interest in slots or video clip poker, but appear ready and willing to plunk their money down on more creative and skill-based gaming wagers.

Bonza Gaming Becomes Third Company to produce 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 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 UK residents (as per Facebook’s current policy), but should really be extended with other regions in the future.

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

‘We are pleased to have partnered with Net Entertainment, which after a thorough supplier selection process was the clear winner, and also the supplier which could provide facebook the best long term to our venture strategic value and security. We are now actually focused on delivering a successful launch that is commercial along with our combined knowledge and experience, I am extremely positive about this long term partnership’, stated 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 being a developer of both online and offline slots and casino games. Additionally they operate several online casinos themselves (which naturally utilize their own software).

For their part, Net Entertainment is also delighted with all 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 money that is real 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 web Entertainment.

‘Net Entertainment’s gaming portfolio contains many of the world’s best games on the traditional online casino market and I am good that the users on Facebook will be provided with a great experience. 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 company.’

Bonza Slots will use advanced age verification and identity verification tools to ensure their platform isn’t being abused, and that it provides a safe gaming that is social for everybody involved. The company will initially give attention to Barclaycard as their payment that is major service, with additional options planned for the long run.

The launch of Bonza Slots is a great 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 due to the fact first company to provide a wide selection of real-money games on Facebook, they have been poised to be 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

Dealing with a daunting $20 billion-plus debt load, casino giant Caesars Entertainment may be forced to improve funds by offering minority stakes in one of its most possibly lucrative divisions, Caesars Interactive, aswell as 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 ended up being acquired just like 2012 drew up to a close, and Playtika, an Israeli social games company, was purchased by Caesars significantly less than two years ago with a 51 percent stakehold.

Bad Timing For Caesars Entertainment

Adding to the good news/bad news timing is 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 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 exactly what’s anticipated to be an ultimate $6 billion U.S. online player that is annual market.

Caesars plans to release its Q4 and FY 2012 profits on February 25, but has already issued 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 fewer than half the loss that is high-projection, expecting approximately $268 million; the losses are also expected to be dual Caesars reported $246.9 million Q4 2011 reports. Revenues are required to are available in well below early in the day projections of $2.11 billion.

Caesars Debt Hurt By Hurricane

From $30 million to $35 million of that projected loss can be attributed to October 2012’s devastating Hurricane Sandy hit in nj’s Atlantic City, where Caesars holds investments that are substantial.

Caesars says it plans to provide $1.5 billion in seven-year, 9% senior secured notes in an effort to repay loans which have come due. It’s also wanting to can get on board the extremely successful Asian gambling junket with a proposed South casino that is korean, although all of the high-revenue American gaming operations are making bank out of 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 offer off stocks in Planet Hollywood in vegas and a proposed Baltimore, Maryland casino to help keep the company that is sinking. The company has not published a revenue since 2009.


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