Tom Dwan Has ‘ loss that is biggest Ever’ in Macau High-Stakes Money Game

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

No matter how great a player, no matter how experienced or savvy, it really is very hard to beat another poker player who just has additional money than you shall likely ever see in your lifetime. Very rich people typically did not get that way by firmly taking no chances or by not having any moxie, and now it appears that Web 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 utilizing the title that is unfortunate ofBiggest Loser’ last week, and when we say ‘cash’ game we mean well into the millions of dollars were being parlayed in the pots. For an extremely aggressive and ‘take no prisoners’ player like Dwan, swings are as inevitable as for somebody who’s bipolar who left their meds in the home. Dwan himself reported via Tweet that their crash that is financial this represents his ‘biggest loss ever.’

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

Word from the online that is credible site put Dwan’s online (Full Tilt) wins at about $70K for the previous week, so it is assumed the loss happened at cash games in Macau, as he just landed there a few days prior to the stomach-churning Tweet. Apparently this kind of huge loss that Dwan himself could not bare to actually compose away the numbers, but it would need certainly to be much more than $2 million to make the Tweet an accurate assessment, as it’s known that Dwan lost near to $2 million to Viktor ‘Isildur1’ Blom back during 2009 when Blom was still fairly new to the online poker scene.

Additionally 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 that knows what crazy amount Dwan may really have endured there.

Poker Celebrity But No First Place Finish Yet

Dwan known to millions before his real name was revealed by their online handle ‘Durrrr’ is a 27-year-old American 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 many notorious and respected Web pros. His acumen at tournaments, both on the web and on land, have actually garnered him near to $1,900,000 in winnings, with his cash that is biggest to date being his second destination finish in the World Series of Poker No Limit Holdem event in 2010 for $381,885. Interestingly, despite his steady and impressive money record in tournaments, he has yet to take first in some of them.

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

Non-Gaming Attractions Pull Singapore Tourists into Casinos

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

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

Luxury Non-Gaming Attractions Lure Visitors

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

The Marina Bay Sands casino owned by vegas Sands Corp. and positioned in downtown Singapore may well see expansion to its 2,500 room accommodation and convention facilities as time goes on since the resort’s operators say they are running at virtually capacity that is full.

‘Obviously at 99 % occupancy into the hotel, we think we can sell a few more hotel rooms,’ explained George Tanasijevich, chief officer that is executive of Bay Sands. ‘So we’d love to improve our inventory.’

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

Paradigm for Other Nations

Governments off their countries in Asia where gambling is currently further restricted are watching the method by which the Singapore gambling enterprises bury gambling floors inside these tourist resorts, which cater to all ages associated with the family.These resorts also straddle the delicate line between marketing gambling as the obviously primary revenue source, and the larger authoritative dictums to limit gambling for locals anyway as it’s viewed as a activity that is socially dangerous.

From the two multibillion dollar resorts, non-gaming revenue accounted for around 25 percent of the total combined revenues of $1.3 billion for the quarter which ended in June of this year, which will be substantially higher than the 10 per cent of total revenue acquired from non-gaming in Macau.

Tourism to Singapore is more popular than ever and has now risen by almost 50 percent to 14.4 million in 2012 when compared with the final end of 2009. And considering that the first casino exposed its doors in February 2010, this boost in numbers might be easily attributed to the casino trade.

‘They are focusing on non-gaming,’ explained Fitch Ratings’ primary rating analyst Nandini Vijayaraghavan. ‘That’s how they get captive customers for their video gaming business, especially Genting Singapore. In case a grouped family checks in, frequently one or both parents would go to the casino and also the kids would become at the attractions.

‘If they have to get repeat customers, they’d necessarily have to give you more than just gaming in their premises,’ added the analyst. ‘We do think that the resort and destinations give an element of stability to earnings.’

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

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

Bitcoin Gambler Wins Big, Yet Not Everybody Is Happy About It

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

Bitcoins may seem a little strange to people who avoid using them, and probably even to those people who have gone and purchased themselves Bitcoin miners after deciding to join the electronic money. But one guy who certainly possesses firm hold on Bitcoins is a gambler who goes by the online handle ‘Nakowa,’ who has managed to pocket the largest Bitcoin win in online gambling history.

Playing at which offers several dice games in which players can bet using the digital currency Nakowa managed to rake in 11,000 Bitcoins over the course of just one single week-end of furious gambling, which amounts to around $1.3 million, going by current Bitcoin conversion rates.

Losing and Winning Streaks

At one point during 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 its greatest single profit point to date at 7,000 Bitcoins ($862,400) on a hand.

However, if the weekend was up, Nakowa had put Just-Dice to the section that is red of accounting books by $264,200, and also as of present reports, the web site is waiting to be replenished by its $5.6 million back-up account.

Nakowa’s big win has certainly sparked some controversial comments online, as those into the gambling sphere debate if the player is happy, figured out a winning system, or was just outright cheating. Terms such as ‘cheat’ and ‘thief’ have already been tossed around by jealous fingers hammering away at the keyboard.

Some have actually even theorized that the gamer is managing other people’s money to build up a combined, unstoppable, bankroll. Clearly betting such amounts that are large causes quite the stir.

Nevertheless, company appears to be 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 seems like 429,600 Bitcoins ($38 million then, and $53 million now) were applied to the web site within the month that is first being founded by an anonymous developer referred to as ‘dooglus’, showing that there’s evidently a definite Bitcoin gambling market which can be tapped into.

Contributing to the popularity factor of the Just-Dice video gaming website is the business’s slim one per cent advantage, allowing players bigger winning opportunities and a shot that is realistic which is actually proving an important element in drawing clients to the web site.

This is effective for the site that is online because more customers clearly means more cash 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, in addition attracts the non-gambling Bitcoin community who is able to invest their Bitcoins in to the site and benefit from the losses of the gamblers. This summer, 135,000 Bitcoins have been invested in the site, which equates to just under $17 million since the launch.

Perhaps the cries of ‘cheat’ and ‘thief’ are coming primarily from disgruntled investors that are bitcoin have seen their investments plummet as a consequence of Nakowa’s flurry of winning bets.

Bitcoins have been a controversial money since their online introduction five years ago. While many gamblers have embraced them if you are ‘nontraceable,’ others worried they might be a way that is easy cash launderers in order to make illicit funds disappear into thin air. This year alone, there clearly was a landmark Federal case where Homeland Security proved that Bitcoins aren’t only maybe not untraceable, but are seizeable, simply like any other form of more readily accepted unit that is monetary.