Tom Dwan Has ‘Biggest Loss Ever’ in Macau High-Stakes Money Game

It had beenn’t Dwan’s day that is best whenever he Tweeted he’d just had his ‘biggest loss ever’ a week ago

In spite of how great a player, regardless of how experienced or savvy, it is very hard to beat another poker player who just has additional money than you will likely ever see in your lifetime. Very rich people typically did not get that way by taking no chances or by not having any moxie, and now it appears that Internet poker legend and uber high-stakes live cash player Tom Dwan has found that out the way that is hard.

High Rolling Downward Trend

Dwan reported he left a cash game using the unfortunate title of ‘Biggest Loser’ last week, and when we say ‘cash’ game we mean well into the huge amount of money were being parlayed in the pots. For an extremely aggressive and ‘take no prisoners’ player like Dwan, swings are as inevitable as for some one who’s bipolar who left their meds at home. Dwan himself reported via Tweet that their financial crash this week represents his ‘biggest loss ever.’

‘In taiwan for the 1st time ever… Not leaving the airport tho. Maybe trip that is next. Had my biggest loss ever yesterday’ Dwan Tweeted from their verified account. Ouch.

Word from a online that is credible site placed Dwan’s online (Full Tilt) wins at about $70K for the previous week or so, so it’s assumed the loss took place at cash games in Macau, as he just landed there a couple of days prior to the stomach-churning Tweet. Apparently such a huge loss that Dwan himself could not bare to actually write away the numbers, however it would have to be more than $2 million to help make the Tweet an accurate assessment, as it’s known that Dwan destroyed close to $2 million to Viktor ‘Isildur1’ Blom back last year when Blom was nevertheless fairly new to the online poker scene.

There’s also rumors of land game money pots that are reaching close to $4 million at these not-for-the-faint-of-heart Macau high-roller games, so who knows what amount that is crazy may really have endured there.

Poker Star But No First Place Finish Yet

Dwan known to millions before his genuine name ended up being revealed by their online handle ‘Durrrr’ is a 27-year-old US poker pro who continues to dazzle in the highest-level online and cash games, including No Limit Holdem and Pot Limit Omaha, usually on Comprehensive Tilt where he continues as you of their most notorious and recognized Web professionals. His acumen at tournaments, both online and on land, have actually garnered him close to $1,900,000 in winnings, with his cash that is biggest to date being his second spot finish in the World Series of Poker No Limit Holdem event in 2010 for $381,885. Interestingly, despite his steady and impressive cash record in tournaments, he has yet to take first in any one of them.

Dwan was raised in Edison, nj-new jersey and attended Boston University as an English major before dropping out to play poker for a living, he believes is a swindle is not based on the Dwan/Durrrr story so we can safely assume that the Justin Timberlake character in the new film Runner Runner where Timberlake plays an online poker player trying to pay his way through Princeton who eventually loses everything in what.

Non-Gaming Attractions Pull Singapore Tourists into Casinos

Non-gaming tourist attractions are both lucrative and pull gamblers into casinos inside such tourist attractions in Singapore.

There’s absolutely no doubt that Macau is going from strength to strength as casino profits continue steadily to grow one financial quarter after another. However, Singapore seems to have latched onto a streak that is winning improving its tourist trade by piggybacking on the gambling and casino market in Asia.

Luxury attractions that are non-Gaming Visitors

To capitalize on this tourism sector, Singapore’s two multibillion dollar gaming resorts have actually focused their efforts on attracting holidaymakers through luxurious hotels placed around swanky clubs, restaurants catered by Michelin-starred chefs, while the night-time that is only One competition in the world.

The Marina Bay Sands casino owned by Las vegas, nevada Sands Corp. and situated in downtown Singapore may well see expansion to its 2,500 room accommodation and meeting facilities in the future whilst the resort’s operators say they are operating at virtually full ability.

‘Obviously at 99 percent occupancy within the hotel, we think we are able to sell a few more hotel spaces,’ explained George Tanasijevich, primary executive officer of Marina Bay Sands. ‘So we’d love to improve our inventory.’

Owners of Resorts World at Singapore’s Sentosa Island, Genting Singapore Ltd., are currently building a mid-tier business and leisure hotel which is going to be utilized by guests who’ll be ferried to its Universal Studios theme park and aquarium, hoping and to produce more customers for the casino side regarding the resort.

Paradigm for Other Countries

Governments off their nations in Asia where gambling is currently further restricted are watching the way in which the Singapore casinos bury gambling floors inside these tourist resorts, which focus on all ages associated with the family.These resorts also straddle the delicate line between advertising gambling as the demonstrably primary income source, and the larger authoritative dictums to limit gambling for locals anyway as it’s seen as a socially dangerous task.

From the two multibillion dollar resorts, non-gaming revenue accounted for about 25 percent of the total blended revenues of $1.3 billion for the quarter which ended in June of this year, which is substantially higher compared to the 10 % of total revenue acquired from non-gaming in Macau.

Tourism to Singapore is more popular than ever before and has now risen by almost 50 per cent to 14.4 million in 2012 in comparison to the final end of 2009. And since the casino that is first its doors in February 2010, this escalation in numbers might be easily attributed to the casino trade.

‘They are focusing on non-gaming,’ explained Fitch Ratings’ primary score analyst Nandini Vijayaraghavan. ‘That’s how they have captive customers for their video gaming business, especially Genting Singapore. In cases where a grouped family checks in, often one or both parents would go to the casino while the kids would find yourself at the attractions.

‘they would necessarily have to offer a lot more than just gaming in their premises,’ added the analyst if they have to get repeat customers. ‘We do genuinely believe that the hotel and destinations give an element of stability to earnings.’

Clearly this is certainly a strategy which is working well for the resort that is enormous, as the Singapore Tourism Board reported, during a survey last year, that the Sentosa and Sands’ Skypark, which consists of a observation deck and leisure area having a 57th flooring infinity pool, were one of the many popular paid attractions visited by foreign tourists.

In addition, musicals, Bollywood-style shows and fashion occasions continue to help boost the tourism trade, which often brings more foot traffic onto the casino floors without promoting the location as purely a gambling location.

Bitcoin Gambler Wins Big, Not Everybody Is Happy About It

An online gambler has garnered the biggest Bitcoin win to date, but some investors are crying ‘foul.’

Bitcoins might seem only a little strange to people who avoid using them, and probably even to anyone who has gone and purchased themselves Bitcoin miners after deciding to join the electronic currency. But one man whom certainly includes a firm hold on Bitcoins is a gambler who goes by the online handle ‘Nakowa,’ who’s were able to pocket the largest Bitcoin win in online gambling history.

Playing at Just-Dice.com which offers several dice games by which players can bet using the virtual currency Nakowa handled to rake in 11,000 Bitcoins over the course of only one week-end of furious gambling, which amounts to around $1.3 million, going by current Bitcoin conversions.

Losing and Winning Streaks

At one point throughout the weekend, Nakowa lost since much as $111,000 before turning his frown upside down and heading off for a huge winning streak to walk away with the sum that is tidy. Strangely enough, Nakowa’s initial losings reportedly made the gaming site richer than it had ever been, giving Just-Dice.com its greatest profit that is single up to now at 7,000 Bitcoins ($862,400) on a hand.

However, whenever weekend had been up, Nakowa had put Just-Dice into the red element of the accounting books by $264,200, and as of present reports, the site is waiting to be replenished by its $5.6 million backup account.

Nakowa’s big win has certainly sparked some controversial reviews online, as those in the gambling sphere debate whether the player is lucky, identified a winning system, or was cheating that is just outright. Words such as ‘cheat’ and ‘thief’ have been tossed around by jealous fingers hammering away at the keyboard.

Some have even theorized that the ball player is handling other people’s money to build up a combined, unstoppable, bankroll. Demonstrably betting such large amounts online causes quite the stir.

Nevertheless, company is apparently booming for Just-Dice, as since the site was launched in June this year, the statistics show that 1,300,389 million Bitcoins have actually been wagered because the website went live, which is just about $160 million. It looks like 429,600 Bitcoins ($38 million then, and $53 million now) were applied to the site within the month that is first being founded by an anonymous developer known as ‘dooglus’, showing that there’s evidently a definite Bitcoin gambling market that can be tapped into.

Adding to aristocrat indian dreaming slot machine download the popularity factor associated with the Just-Dice video gaming website is the corporation’s slim one per cent advantage, allowing players larger winning opportunities and a realistic shot, which is obviously proving a significant element in drawing clients to the web site.

This works well for the site that is online because more customers demonstrably means additional money being wagered and more in the operators’ pockets, unless every player can master the game like Nakowa, needless to say.

Bitcoin Investors Not Too Pleased

But not only does the site attract gamblers, it appeals to the bitcoin that is non-gambling who is able to invest their Bitcoins in to the site and benefit from the losses of the gamblers. Since the launch this summer time, 135,000 Bitcoins have been committed to the website, which equates to just under $17 million.

Perhaps the cries of ‘cheat’ and ‘thief’ are coming mainly from disgruntled Bitcoin investors who have seen their investments plummet because of Nakowa’s flurry of winning bets.

Bitcoins have been a currency that is controversial their online introduction five years ago. While some gamblers have embraced them for being ‘nontraceable,’ others worried they would be an easy means for cash launderers in order to make illicit funds disappear into thin air. This year alone, there was a landmark Federal case where Homeland Security proved that Bitcoins are not only not untraceable, but may also be seizeable, just like every other form of more readily accepted monetary unit.