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 simply had his ‘biggest loss ever’ a week ago

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 more cash than you will likely ever see in your daily life. Very rich people typically didn’t get that way by taking no chances or by not having any moxie, and now it would appear that Internet poker legend and uber high-stakes live cash player Tom Dwan has found that out the difficult way.

High Rolling Downward Trend

Dwan reported he left a cash game because of 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 as for someone who’s bipolar who left their meds at home. Dwan himself reported via Tweet that his economic crash this week 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 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 occurred at cash games in Macau, as he just landed there a few days before the stomach-churning Tweet. Apparently this type of huge loss that Dwan himself could not bare to actually compose the numbers out, however it would have to be more than $2 million to really 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 not used to the online poker scene.

Additionally rumors of land game cash 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 actually have endured there.

Poker Celebrity But No Beginning Finish Yet

Dwan known to millions before his real name was revealed by their 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 Full Tilt where he continues as one of their most notorious and recognized Internet advantages. His acumen at tournaments, both on the web and on land, have actually garnered him close to $1,900,000 in winnings, with his biggest cash to date being his 2nd destination 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 has yet to 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 new film Runner Runner where Timberlake plays an online poker player attempting to pay his way through Princeton who eventually loses everything in exactly what he believes is a swindle just isn’t based on the Dwan/Durrrr tale.

Non-Gaming Attractions Pull Singapore Tourists into Casinos

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

There’s absolutely no doubt that Macau goes from energy to strength as casino revenues continue steadily to grow one monetary quarter after another. But, 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 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, therefore the only night-time Formula One race in the world.

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

‘Obviously at 99 percent 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 increase our inventory.’

Owners of Resorts World at Singapore’s Sentosa Island, Genting Singapore Ltd., are currently building a mid-tier leisure and business hotel 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 clients for the casino side of this resort.

Paradigm for Other Nations

Governments off their nations in Asia where gambling is currently further restricted are watching the method by which the Singapore casinos bury gambling floors inside these tourist resorts, which focus on all ages of this household.These resorts also straddle the delicate line between advertising gambling as the clearly primary revenue source, and the larger authoritative dictums to limit gambling for locals anyway as it’s seen as a socially dangerous activity.

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

Tourism to Singapore became more popular than in the past and has risen by almost 50 percent to 14.4 million in 2012 in comparison with the end of 2009. And since the casino that is first its doors in February 2010, this upsurge in numbers could possibly 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 business, particularly Genting Singapore. In case a family checks in, often one or both parents would go to the casino while the kids would find yourself during the attractions.

‘If they have actually to obtain repeat customers, they might necessarily have to offer more than just gaming in their premises,’ added the analyst. ‘We do genuinely believe that the hotel and attractions give an element of stability to earnings.’

Clearly this might be a strategy which is working well for the enormous resort owners, 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 leisure area by having a 57th flooring infinity pool, were among the many popular paid attractions visited by foreign tourists.

In addition, musicals, Bollywood-style shows and fashion events continue 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, Yet Not Everybody Is Happy About This

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

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

Playing at Just-Dice.com which offers 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 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 on a huge winning streak to walk away with the neat sum. Strangely enough, Nakowa’s initial losses reportedly made the gaming site richer than it had ever been, giving Just-Dice.com its greatest single profit point to date at 7,000 Bitcoins ($862,400) on a hand.

However, once the weekend was up, Nakowa had put Just-Dice in to the section that is red of accounting books by $264 https://casino-online-australia.net/indian-dreaming-slot-review/,200, so that as of present 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 into the gambling sphere debate if the player is fortunate, figured out a winning system, or was just outright cheating. Terms such as ‘cheat’ and ‘thief’ have now been tossed around by jealous fingers hammering away during the keyboard.

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

Nevertheless, business appears to be booming for Just-Dice, as considering that the site was launched in June in 2010, the statistics reveal that 1,300,389 million Bitcoins have been wagered since the site went live, which is just about $160 million. It looks like 429,600 Bitcoins ($38 million then, and $53 million now) were used on the web site within the very first thirty days after being founded by an anonymous developer known as ‘dooglus’, showing that there surely is evidently a definite Bitcoin gambling market which may be tapped into.

Contributing to the popularity factor of this Just-Dice gaming website is the corporation’s slim one percent advantage, allowing players larger winning opportunities and a shot that is realistic which is clearly proving a significant element in drawing clients to the web site.

This works well for the site that is online as more customers demonstrably 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 just does the site attract gamblers, additionally attracts the non-gambling Bitcoin community who is 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 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 many gamblers have embraced them for being ‘nontraceable,’ others worried they would be an easy way for money launderers to create illicit funds disappear into thin air. This year alone, there was a landmark Federal situation where Homeland Security proved that Bitcoins aren’t only perhaps not untraceable, but are also seizeable, just like other form of more readily accepted monetary unit.