Gus Hansen Down $15m Online, Zynga Real-Money Poker
Gus Hansen has surpassed an ominous milestone in online poker as he's now lost over $15.6 million in high-stakes online poker games.
In other news Zynga finally released its real-money online poker game on Facebook but unfortunately it comes after dire predictions for company earnings.
Gus Hansen Down $15.6 Million Online
Gus Hansen is famous for his massive losses in high-stakes cash games online. Unfortunately, his losses reached epic lows in 2013 and he finished the year down $8.46 million.
That figure could have been worse but he sat out the entire World Series of Poker and nearly the entire month of December.
This year has yet to prove any better. He is already down $740,146 through January 15th, and that is after starting the first couple of days up around $200,000. Hansen is down $15.61 million lifetime in high stakes cash-games online.
Sadly, this does not appear to be "short-term variance." Hansen has not been "in the black" online since June of 2009. By October 2010, he was down over $10 million and many wondered if he was finished with online poker.
He then went on a streak and recouped close to $7 million of those losses. Then Black Friday hit and Hansen stayed away from online cash games until November 2012. He was down $3.21 million at that point and has been on a steady decline since.
One has to wonder if Hansen is close to having to call it quits online or perhaps he is getting ready to go on an epic run. Whatever happens, it needs to happen soon.
Zynga Launches Real-Money Online Poker But Forecast Gloomy
Zynga finally released its real-money online poker suite this week on Facebook in the United Kingdom.
The software will use the partypoker software and utilize the site's player pool. Unfortunately it may be a move that comes a little too late.
Traffic for the new online venture has been disappointing and stocks of the company are currently tumbling after an analyst issued an unfavorable report on the company's 2013 estimate fourth-quarter earnings. They made dire estimates for the company, including predictions of lower Q1 2014 earnings.
Back during the Summer, Zynga announced it was abandoning the US online gambling market to focus on its social media gaming products and to evaluate its U.K. online poker product. It could be time for the company to reevaluate its US iGaming strategy.