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

It absolutely wasn’t Dwan’s best day when he Tweeted he’d just had his ‘biggest loss ever’ the other day

In spite of how great a player, in spite of how experienced or savvy, its very hard to beat another poker player who just has additional money than you will likely ever see in your health. Very rich people typically did not get that way by firmly taking no opportunities or by not having any moxie, and now it seems that online 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 with all 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 in terms of some body who’s bipolar who left their meds at home. Dwan himself reported via Tweet that their monetary crash this week represents his ‘biggest loss ever.’

‘In taiwan for the time that is 1st; perhaps 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 legitimate on line poker site placed Dwan’s online (Full Tilt) wins at about $70K for the past week, so it’s assumed the loss occurred at cash games in Macau, as he just landed there a couple of days before the stomach-churning Tweet. Apparently this type of huge loss that Dwan himself could not bare to actually write out the numbers, but it would have to be much more than $2 million to help make the Tweet an accurate assessment, as it’s known that Dwan lost close to $2 million to Viktor ‘Isildur1’ Blom back in 2009 whenever Blom was nevertheless fairly a new comer to the online poker scene.

There are 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 that knows just what amount that is crazy may really have endured there.

Poker Star But No Beginning Finish Yet

Dwan known to millions before his real name had been revealed by his online handle ‘Durrrr’ is a 27-year-old poker that is american 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 one of their many notorious and respected Internet pros. His acumen at tournaments, both on the web as well as on land, have actually garnered him close to $1,900,000 in winnings, with his biggest money to date being his second place 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’s yet to take first in some of them.

Dwan was raised in Edison, New Jersey 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 the brand new film Runner Runner where Timberlake plays an online poker player trying to pay his way through Princeton who eventually loses everything in just what he thinks is a swindle isn’t based on the Dwan/Durrrr tale.

Non-Gaming Attractions Pull Singapore Tourists into Casinos

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

There’s absolutely no doubt that Macau is going from energy to strength as casino revenues continue steadily to grow one economic quarter after another. Nonetheless, Singapore 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 groups, restaurants catered by Michelin-starred chefs, as well as the only night-time Formula One race on earth.

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

‘Obviously at 99 per cent occupancy into the hotel, we think we can sell a few more hotel rooms,’ explained George Tanasijevich, primary executive officer of Marina Bay Sands. ‘So we’d love to increase our inventory.’

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

Paradigm for Other Nations

Governments from other nations in Asia where gambling is currently further restricted are watching the way in which the Singapore gambling enterprises bury gambling floors inside these tourist resorts, which appeal to all ages of this household.These resorts also straddle the delicate line between marketing gambling as the clearly primary revenue source, and the larger authoritative dictums to limit gambling for locals anyway as it’s regarded as a socially dangerous activity.

From the two multibillion dollar resorts, non-gaming revenue accounted for approximately 25 per cent of the total combined revenues of $1.3 billion for the quarter which ended in June of this 12 months, that is substantially higher than the 10 % of total revenue acquired from non-gaming in Macau.

Tourism to Singapore is more popular than ever before and it has risen by almost 50 % to 14.4 million in 2012 when compared with the end of 2009. And since the very first casino opened its doors in February 2010, this boost in numbers could 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 get captive customers for their video gaming company, especially Genting Singapore. In cases where a grouped family checks in, usually one or both parents would get to the casino and the kids would wind up during 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 think that the resort and destinations give an element of stability to earnings.’

Clearly this really is 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 recreational area having a 57th floor infinity pool, were among the list of most popular paid attractions visited by foreign tourists.

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

Bitcoin Gambler Wins Big, However Everybody Is Happy About This

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

Bitcoins might seem just a little strange to those who avoid using them, and probably even to those people who have gone and purchased themselves Bitcoin miners after deciding to join the electronic currency. But one guy whom undoubtedly features a firm hold on Bitcoins is a gambler who goes by the online handle ‘Nakowa,’ that has managed to pocket the bitcoin that is largest 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 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 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 tidy sum. Strangely enough, Nakowa’s initial losses reportedly made the gaming site richer than it had ever been, giving its highest profit that is single to date at 7,000 Bitcoins ($862,400) on a hand.

Nevertheless, whenever weekend was up, Nakowa had put Just-Dice into the section that is red of accounting books by $264,200, so that as of present reports, the web site is waiting to be replenished by its $5.6 million backup account.

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

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

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

Contributing to the popularity factor of this Just-Dice video gaming website is the organization’s slim one % edge, allowing players larger winning opportunities and a shot that is realistic which is obviously proving an important factor in drawing customers to the web site.

This is useful for the online site too since more customers obviously means additional money being wagered and more in the operators’ pockets, unless every player can master the game like Nakowa, of course.

Bitcoin Investors Not Too Pleased

But not only does your website attract gamblers, additionally draws the non-gambling Bitcoin community who are able to invest their Bitcoins in to the site and profit 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 Bitcoin investors who have seen their investments plummet as a consequence of Nakowa’s flurry of winning bets.

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