The absolute most poker that is important of the year, traditionally, has always been the planet number of Poker Main Event. But in recent years, a brand new tournament has had its place while the most lucrative occasion using the prize pool that is biggest. It is the $1 million buy-in Big One for starters Drop, the charity tournament that attracts the very best advantages and some of the amateur players that are richest around. The first One Drop tournament was held in 2012, while the follow-up this year when once again generated the biggest purse associated with the poker 12 months.

42 players ended up for the 2014 Big One for One Drop, and 23-year-old poker pro Daniel Colman moved away with a life-changing prize of simply over $15.3 million along with his first WSOP bracelet. The massive win immediately vaulted Colman to sixth all-time in the Hendon Mob competition poker earnings list, with more than $18.2 million in profession winnings.

While the initial One Drop competition was approximately evenly split between high-rolling benefits and ultra-rich amateurs, in 2010’s version was more heavily tilted in favor of career poker players. There were about 30 professionals on the list of 42 entrants, and ultimately, the battle for the spot that is top down to two full-time Continue reading “Daniel Colman Shuns Spotlight After WSOP One Drop $15M Win” →

Caesars Interactive Entertainment (CIE), as an element of Caesars Growth Partners (CGP), has been lauded as a spot that is bright the Caesars brand. At the same time as soon as the company is dealing with tremendous debt and legal actions with bondholders, CGP is overseeing online operations along with other areas of growth as part of a strategy to reorganize Caesars and result in the business’s funds sustainable for the long haul. It’s a bit early to say if that’s going to function, but one this might be clear: CIE is certainly holding up their section of the deal.

In the half that is first of, CIE brought in $268.8 million, an increase of almost 90 percent within the $142.1 million they earned last 12 months. The increase was slightly more dramatic within the quarter that is second, with net revenues up more than 95 percent to $144.6 million.

Positive Cash Flow for CIE

Right now, CIE is still posting losings for the year. The business is down $16 million for 2014, though that’s still a marked improvement over the $27.1 million they lost into the very first 50 % of 2013. But with 20.5 million in profits in the second quarter, it is quite possible that the company could be in the black colored by the end of the year.

‘With the Interactive Entertainment segment generating good cash flow, we remain confident that our strategy to develo Continue reading “Caesars Interactive Grows, But Caesars Overall Nevertheless Stalled” →