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

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

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

High Rolling Downward Trend

Dwan reported he left a cash game utilizing the unfortunate title of ‘Biggest 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 in the home. Dwan himself reported via Tweet that his 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 their verified account. Ouch.

Word from the legitimate online poker site placed Dwan’s online (Full Tilt) wins at about $70K for the past week, so it is assumed the loss happened at cash games in Macau, as he just landed there a couple of 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 during 2009 whenever Blom was nevertheless fairly not used to the internet 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 crazy amount Dwan may really have endured there.

Poker Star But No First Place Finish Yet

Dwan known to millions before his genuine name had been revealed by his 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 Full Tilt where he continues as you of their most notorious and respected Web pros. His acumen at tournaments, both online and on land, have garnered him near to $1,900,000 in winnings, with his cash that is biggest 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 cash that is impressive in tournaments, he’s got yet to just take first in any 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 the brand new film Runner Runner where Timberlake plays an online poker player trying to pay for his way through Princeton who ultimately loses everything in just what he believes is a swindle is not based regarding the Dwan/Durrrr tale.

Non-Gaming Attractions Pull Singapore Tourists into Casinos

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

There’s absolutely no doubt that Macau is going from energy to strength as casino revenues continue to grow one monetary quarter after another. Nevertheless, Singapore appears to have latched onto a streak that is winning 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 gaming resorts have actually 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 competition worldwide.

The Marina Bay Sands casino owned by Las Vegas Sands Corp. and situated in downtown Singapore may well see expansion to its 2,500 room accommodation and meeting facilities as time goes by since the resort’s operators say which they are running at practically capacity that is full.

‘Obviously at 99 percent occupancy in the hotel, we think we could 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 used by guests that will be ferried to its Universal Studios theme park and aquarium, hoping also to create more customers for the casino side for the resort.

Paradigm for Other Countries

Governments off their countries 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 for the family members.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 regarded as a activity that is socially dangerous.

From the two multibillion dollar resorts, non-gaming revenue accounted for approximately 25 per cent of the total blended revenues of $1.3 billion for the quarter which ended in June of this 12 months, that will be substantially higher compared to 10 percent of total revenue obtained from non-gaming in Macau.

Tourism to Singapore has become more popular than ever before and has now risen by almost 50 % to 14.4 million in 2012 when compared with the final end of 2009. And considering that the very first casino launched 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 have captive customers for their video gaming business, particularly Genting Singapore. In cases where a family checks in, often one or both parents would go to the casino as well as the kids would end up at the attractions.

‘If they have actually to get repeat customers, they’d necessarily have to offer a lot more than just gaming in their premises,’ added the analyst. ‘We do believe the resort and tourist attractions give an element of security to earnings.’

Clearly this will be 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 with a 57th floor infinity pool, were among the most popular paid attractions visited by foreign 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 advertising 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, many investors are crying ‘foul.’

Bitcoins might appear somewhat strange to those who avoid using them, and probably even to those people who have gone and bought themselves Bitcoin miners after deciding to join the electronic currency. But one guy whom definitely possesses firm hold on Bitcoins is a gambler who goes on the online handle ‘Nakowa,’ who’s were able 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 virtual currency Nakowa 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 throughout 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 neat sum. Strangely enough, Nakowa’s initial losings reportedly made the gaming site richer than it had ever been, giving its highest single profit point to date at 7,000 Bitcoins ($862,400) on a hand.

Nonetheless, whenever weekend had been up, Nakowa had put Just-Dice in to the section that is red of accounting books by $264,200, so when of recent reports, the site is waiting to be replenished by its $5.6 million back-up account.

Nakowa’s big win has certainly sparked some controversial reviews online, as those within the gambling sphere debate if 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 actually even theorized that the gamer is managing other individuals 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 since the site was launched in June in 2010, the statistics reveal that 1,300,389 million Bitcoins have actually been wagered since 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 web site within the first thirty days after being founded by an anonymous developer known as ‘dooglus’, showing that there surely is evidently a definite Bitcoin gambling market that can be tapped into.

Increasing the popularity element of the Just-Dice gaming website is the business’s slim one % edge, allowing players larger winning opportunities and a shot that is realistic which is clearly proving an important element in drawing clients to the site.

This works well 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, of course.

Bitcoin Investors Not Too Pleased

But not just does the website attract gamblers, it draws the bitcoin that is non-gambling who can 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 mainly from disgruntled investors that are bitcoin have actually seen their investments plummet as a consequence 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 might be a way that is easy money launderers in order to make illicit funds disappear into thin air. This year alone, there clearly was a landmark Federal situation where Homeland Security proved that Bitcoins are not only maybe not untraceable, but may also be seizeable, just like any other form of more readily accepted financial unit.

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