Isildur Crushing, Atlantic City Hustling, Virgin Wants In
Viktor "Isildur1" Blom is on a hot streak again, up over $1 million this month, while Atlantic City is once again looking to become a hub of international iGaming.
Finally, the Virgin Group is looking to finally enter the Atlantic City online gambling market.
Isildur1 Up Over $1.1 Million, Gus Hansen Down $1.1 Million
Viktor "Isildur1" Blom has been on a tear over the last week at the high-stakes tables online. Down over $600,000 through the first couple of weeks of the month Blom has stormed back and is now up over $1.18 million on the month.
A majority of his earnings came this past week after taking close to $800,000 off Alexander "PostflopAction" Kostritsyn. Through January 20th, Blom has won $1.18 million over 41,590 hands and is the top earner online.
On the flip side, Gus Hansen's brutal downswing continues. He is currently down $1.16 million on the year over 13,600 hands, or $85 for each hand of poker played. Hansen is now officially down $16 million over his career.
New Jersey Reintroduces Bill to Host International iGaming
Last year, New Jersey tried to float legislation that would allow it to host international iGaming portals. That bill failed to gain traction but a new one is on the horizon.
New Jersey state senator Ray Lesniak reintroduced an expanded iGaming bill earlier this week in the hopes of having Atlantic City become an international iGaming hub.
One key difference in this new bill is that provisions for sports betting have been dropped. Most everything else remains the same in the bill.
It would allow for international casinos to host their servers in New Jersey and offer their product to non-US residents. If passed, international iGaming could prove profitable to the state.
An analyst with Econsult Solutions estimated that between $5 and $7 billion in revenue could be generated per year from international iGaming
Virgin Casino to Open Friday
When iGaming licenses were approved earlier in the year, a collaboration between the Virgin Group, Gamesys and the Tropicana Casino was approved. However, the company chose not to go live in November when New Jersey became the second state in the United States to offer full iGaming.
On Tuesday, the Virgin Group announced that it will bring its version of iGaming to the state on Friday. According to a press release, the company decided to wait for technical issues to be ironed out by other sites before bringing its casino online.
Virgin Casino will offer over 30 gambling products to include blackjack, roulette, slots and baccarat. Virgin hopes to take advantage of the new market that has seen over 150,000 accounts created and over $8 million in revenue generated since the launch of iGaming in late November.