Profit and Loss Take on New Meaning for Swedish Pro Viktor Blom
2020/01/08
Profit and Loss Take on New Meaning for Swedish Pro Viktor BlomHe is 23, down $3.6 million for the past 30 times; 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 new year, Blom has since fallen 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 week that is past and took place on Full Tilt poker, the online site he represents as a professional.
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 just four years ago, whenever in 2009, he had been active in all ten of this largest pots in poker online history. Blom ended up being still playing under wraps by their online pseudonym when he joined Team PokerStars at the conclusion of 2010, only to possess their real identification revealed as 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 Full Tilt just recently, in October 2012.
Highs and Lows
Blom is no stranger to the highs and lows of on-line 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 online debut, he had amassed an impressive $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 gun quickly built play pokies online wheres the gold an initial bankroll of $2,000 into an impressive $1.4 million; initial half-million of that 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 tournament winnings of nearly $2 million. His most 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 cash, 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 a real income gaming in completely new instructions, 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 that they are not preparing on doing the same-old casino style games, even though the social video gaming real cash casino scene is largely untapped and potentially willing to burst. What types of titles they do plan on building will be held 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 gaming that is social evidenced by the creation of a brand new division of the company that may 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 ability necessary to create innovative, industry leading real cash gaming games.’
And real money gaming is undoubtedly the place where a most of designers would like to take their social games as time goes on. Current social games are largely subsidized through micro-transactions by a little percentage of paying clients, and that small percentage only spends a few dollars per month on average. As such, it will take a player that is massive to come up with any significant quantity of income.
Real-money gamblers however tend to spend a much greater amount of cash on their gaming pursuits, in the number 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 not sure of just exactly how willing their customers will likely be to spend wads of cash wagering on their games, they have at the minimum seen positive early returns in how prepared customers are to spend money on a social gambling game, predicated 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 accomplished rates much greater than that, and those customers were willing to pay 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’s exciting news for any other video gaming companies, in addition to the scores 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 video gaming wagers.
Bonza Gaming Becomes Third Business to produce 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 because the companies that are only by Facebook to offer real-money video gaming opportunities.
Gamesys and 888 have both utilized those discounts to launch real-money bingo games therefore far, which are currently only open to UK residents (as per Facebook’s current policy), but is extended to many other regions into the future.
Bonza immediately launched their real-money offering, Bonza Slots following a finalization and announcement for the partnership. Those games have been developed in partnership with Net Entertainment, who will continue to develop and add more slot and casino offerings to your Bonza Slots app in the future.
‘We are happy to have partnered with web 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 concentrated on delivering an effective launch that is commercial sufficient reason for our combined knowledge and experience, we am very 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 an attractive 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. They also operate several online casinos by themselves (which naturally utilize their very own computer software).
For their part, Net Entertainment can also be 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 online casino games to enter money that is real on Facebook and I am very pleased that we have been 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 good that the users on Facebook will be supplied with a great experience. Real money video gaming over Facebook is just a new distribution that is exciting for Net Entertainment and is closely linked to 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 includes a safe gaming that is social for all included. The company will initially consider Barclaycard as their major payment service provider, with additional options prepared for the near future.
The launch of Bonza Slots is a great achievement for the young London-based startup, whom began development on the product simply 6 months previous, with supporting from Sportingbet and Plumbee, two companies with expertise into the gaming sector that is online. And because the very first company to offer a wide selection of real-money games on Facebook, they have been poised to be 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 Is Caesars
Facing a daunting $20 billion-plus debt load, casino giant Caesars Entertainment are forced to increase 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 gambling conglomerate only recently purchased some of its very own interactive division holdings; Buffalo Studios, a Santa Monica-based social and mobile games developer was acquired in the same way 2012 drew to a close, and Playtika, an Israeli social games company, had been purchased by Caesars less than two years ago with a 51 percent stakehold.
Bad Timing For Caesars Entertainment
Adding towards 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 variety 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 company’s Interactive division as well, in exactly what’s expected to be an ultimate $6 billion annual U.S. online player market.
Caesars plans to release its Q4 and FY 2012 profits on February 25, but has already granted an advance view of its grim profit-and-loss statement for last 12 months. Estimated fourth quarter losses 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 loss that is high-projection, expecting approximately $268 million; the losses may also be expected to be double Caesars reported $246.9 million Q4 2011 reports. Revenues are expected to come in well below earlier in the day projections of $2.11 billion.
Caesars Debt Hurt By Hurricane
From $30 million to $35 million of that projected loss is 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 provide $1.5 billion in seven-year, 9% senior secured notes in an effort to pay off loans that have come due. It’s also trying to can 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 out of Macau, a gambling Mecca operated under the auspices of the People’s Republic of China.
Finally, a recently available Securities and Exchange Commission filing shows the chance that Caesars may sell off stocks in Planet Hollywood in Las Vegas and a proposed Baltimore, Maryland casino to help keep the sinking business afloat. The organization has not posted a revenue since 2009.
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