Tom Dwan Has 'Biggest Loss Ever' in Macau High-Stakes Cash Game

It absolutely wasn't Dwan's best day whenever he Tweeted he'd simply had his 'biggest loss ever' the other day

No matter how great a player, in spite of how experienced or savvy, it's very hard to beat another poker player who just has additional money than you shall likely ever see in your health. Very rich people typically didn't get that way by taking no possibilities or by not having any moxie, and now it appears that online 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 with the title that is unfortunate ofBiggest Loser' last week, and when we say 'cash' game we mean well into the vast amounts were being parlayed in the pots. For an extremely aggressive and 'take no prisoners' player like Dwan, swings are as inevitable in terms of someone 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 1st time ever… Not leaving the airport tho. Maybe next journey. Had my biggest loss ever yesterday' Dwan Tweeted from their verified account. Ouch.

Word from the legitimate on the web poker site put Dwan's online (Full Tilt) wins at about $70K for the past week, therefore it is assumed the loss took place at cash games in Macau, as he just landed there a couple of days prior to the stomach-churning Tweet. Apparently this kind 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 lost near to $2 million to Viktor 'Isildur1' Blom back last year whenever Blom was still fairly a new comer to the internet poker scene.

There's also 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 just what amount that is crazy may actually have endured there.

Poker Star But No Beginning Finish Yet

Dwan known to millions before his genuine name was 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 one of their most 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 cash that is biggest to date being his second spot 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 has yet to take first in any one of them.

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

Non-Gaming Attractions Pull Singapore Tourists into Casinos

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

There is absolutely no doubt that Macau is going from energy to strength as casino revenues continue steadily to grow one economic quarter after another. However, 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 groups, restaurants catered by Michelin-starred chefs, therefore the night-time that is only One competition worldwide.

The Marina Bay Sands casino owned by nevada Sands Corp. and found in downtown Singapore may well see expansion to its 2,500 room accommodation and meeting facilities in the future once the resort's operators say that they are running at virtually full capacity.

'Obviously at 99 percent occupancy into the hotel, we think we are able to sell a few more hotel rooms,' explained George Tanasijevich, chief officer that is executive of Bay Sands. 'So we'd love to boost our inventory.'

Owners of Resorts World at Singapore's Sentosa Island, Genting Singapore Ltd., are currently building a mid-tier leisure and business resort which are going to be utilized by guests that will be ferried to its Universal Studios theme park and aquarium, hoping and to produce more clients for the casino side associated with 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 appeal to all ages regarding the family.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 seen as a socially dangerous activity.

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, that is substantially higher than the 10 % of total revenue obtained from non-gaming in Macau.

Tourism to Singapore is becoming more popular than in the past and has risen by almost 50 per cent to 14.4 million in 2012 when compared with the final end of 2009. And since the first casino exposed its doors in February 2010, this boost in numbers could possibly 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 have captive customers for their video gaming business, especially Genting Singapore. In case a grouped family checks in, usually one or both parents would go to the casino plus 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 destinations give an element of stability to earnings.'

Clearly this is certainly a strategy which is working well for the resort that is enormous, as the Singapore Tourism Board reported, during a survey this past year, that the Sentosa and Sands' Skypark, which consists of an observation deck and leisure area having a 57th floor infinity pool, were among the most popular paid attractions visited by foreign tourists.

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

Bitcoin Gambler Wins Big, But Not Everybody Is Happy About This

An online gambler has garnered the biggest Bitcoin win to date, many investors are crying 'foul.'

Bitcoins might seem a little strange to those who avoid them, and probably even to anyone who has gone and purchased themselves Bitcoin miners after determining to join the currency that is digital. But one guy whom definitely possesses firm hold on Bitcoins is a gambler who goes on the online handle 'Nakowa,' who's was able to pocket the largest Bitcoin win in online gambling history.

Playing at Just-Dice.com which provides several dice games by which players can bet using the virtual currency Nakowa handled 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 through 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 losses reportedly made the gaming site richer than it had ever been, giving Just-Dice.com its greatest single profit point up to now at 7,000 Bitcoins ($862,400) on a hand.

Nonetheless, if play indian dreaming slot the weekend was up, Nakowa had put Just-Dice to the section that is red of accounting books by $264,200, and as of current 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 responses online, as those in the gambling sphere debate perhaps the player is happy, identified a winning system, or was just outright cheating. Words such as 'cheat' and 'thief' have now been tossed around by jealous fingers hammering away at the keyboard.

Some have even theorized that the ball player is handling other individuals money to build up a combined, unstoppable, bankroll. Clearly betting such amounts that are large causes quite the stir.

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

Adding to the popularity factor for the Just-Dice gaming website is the corporation's slim one percent edge, allowing players larger winning opportunities and a realistic shot, which is obviously proving a significant element in drawing clients to the site.

This works well for the site that is online because more customers clearly means additional money 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 website attract gamblers, in addition draws the bitcoin that is non-gambling who can invest their Bitcoins into 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 Bitcoin investors who have 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. Though some gamblers have embraced them to be 'nontraceable,' others worried they might be an easy way for money launderers to make illicit funds disappear into thin air. This year alone, there is a landmark Federal instance where Homeland Security proved that Bitcoins are not only perhaps not untraceable, but will also be seizeable, simply like some other form of more readily accepted unit that is monetary.