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

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

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

No matter how great a player, in spite of how experienced or savvy, its very hard to beat another poker player who just has more money than you shall likely ever see in your daily life. Very rich people typically did not get that way by taking no possibilities or by not having any moxie, and now it would appear that Web poker legend and uber high-stakes live cash player Tom Dwan has found that out of the difficult means.

High Rolling Downward Trend

Dwan reported he left a cash game using the title that is unfortunate ofBiggest 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 in terms of some body who’s bipolar who left their meds at home. Dwan himself reported via Tweet that his crash that is financial this represents his ‘biggest loss ever.’

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

Word from a legitimate on the web poker site put Dwan’s online (Full Tilt) wins at about $70K for the past week or so, so it’s assumed the loss took place at cash games in Macau, as he just landed there a few days ahead of the stomach-churning Tweet. Apparently this type of huge loss that Dwan himself could not bare to actually write the numbers out, but it would need to become more than $2 million to really make the Tweet an accurate assessment, as it’s known that Dwan destroyed near to $2 million to Viktor ‘Isildur1’ Blom back in ’09 whenever Blom was still fairly new to the on-line 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 exactly what amount that is crazy may actually have endured there.

Poker Star But No First Place Finish Yet

Dwan known to millions before his real name had been revealed by his 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 Full Tilt where he continues as you of their many notorious and recognized Internet pros. His acumen at tournaments, both on the web and on land, have garnered him close to $1,900,000 in winnings, with his biggest cash to date being his 2nd spot 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’s yet to just 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 newest 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 regarding the Dwan/Durrrr tale.

Non-Gaming Attractions Pull Singapore Tourists into Casinos

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

There’s absolutely no doubt that Macau is going from power to strength as casino revenues continue to grow one quarter that is financial another. Nevertheless, Singapore generally 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 groups, restaurants catered by Michelin-starred chefs, as well as the only night-time Formula One competition worldwide.

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 convention facilities in the future while the resort’s operators say which they are running at virtually capacity that is full.

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

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

Paradigm for Other Countries

Governments from other nations in Asia where gambling is currently further restricted are watching the manner in which the Singapore gambling enterprises bury gambling floors inside these tourist resorts, which cater to all ages of the household.These resorts also straddle the delicate line between marketing gambling as the obviously primary income source, and the larger authoritative dictums to limit gambling for locals anyway as it’s viewed 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, that will be substantially higher compared to the 10 % of total revenue acquired from non-gaming in Macau.

Tourism to Singapore is becoming more popular than in the past and contains risen by almost 50 % to 14.4 million in 2012 in comparison with the end of 2009. And considering that the casino that is first its doors in February 2010, this escalation in numbers could 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 gaming business, particularly Genting Singapore. In case a grouped family checks in, frequently one or both parents would go to the casino and also 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 believe the resort and attractions give an element of security to earnings.’

Clearly that 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 an observation deck and leisure area with a 57th flooring infinity pool, were among the many popular paid attractions visited by international tourists.

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

Bitcoin Gambler Wins Big, However Everybody Is Happy About It

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

Bitcoins may seem somewhat strange to those who avoid using them, and probably even to individuals who have gone and bought themselves Bitcoin miners after deciding to join the digital currency. But one man whom truly features a firm hold on Bitcoins is a gambler who passes the online handle ‘Nakowa,’ who has were able to pocket the largest Bitcoin win in online gambling history.

Playing at which provides several dice games in which players can bet using the currency that is virtual managed to rake in 11,000 Bitcoins over the course of just one single weekend of furious gambling, which amounts to around $1.3 million, going by current Bitcoin conversions.

Losing and Winning Streaks

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

Nonetheless, as soon as the weekend had been up, Nakowa had put Just-Dice to the red area of the accounting books by $264,200, so when of recent reports, the site is waiting to be replenished by its $5.6 million backup account.

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

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

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

Contributing to the popularity element of this Just-Dice video gaming website is the corporation’s slim one per cent edge, allowing players bigger winning opportunities and a shot that is realistic which is clearly proving an important factor in drawing customers to the site.

This is useful for the online site too since more customers obviously means more 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 just does the site attract gamblers, additionally draws the bitcoin that is non-gambling who is able to invest their Bitcoins to the site and make money 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 mainly from disgruntled Bitcoin investors who have seen their investments plummet because of Nakowa’s flurry of winning bets.

Bitcoins have been a controversial money since their online introduction five years ago. While some gamblers have embraced them if you are ‘nontraceable,’ others worried they might be an easy way for cash launderers to create 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, simply like every other form of more readily accepted monetary unit.

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