World Poker Tour Might Be Up For Sale
How many businesses would mortgage themselves to the hilt to own a part of mega-poker company WPTE, the parent company of the World Poker Tour? Quite a few considering the fever pitch that still rages across the globe for all things poker. Then why is the majority stakeholder of WPT Enterprises, Inc, considering selling off their stake? It seems they need the cash.
Casino developer Lakes Entertainment Inc. of Minnetonka needs to raise some capital, and just might sell all or part of its percentage of WPTE to do it, according to reports Wednesday…
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Poker slang:
- LITTLE SLICK - In Hold'em, hole cards of A-2, suited or not.
- LAY ODDS - To give favorable odds to an opponent.
- COMMUNITY CARDS - Cards that are available for every player to use in making a hand. Usually dealt face up somewhere in the middle of the table.
- AMERICAN AIRLINES - In Hold'em, a pair of Aces in the hole. Better known (at least in rec.gambling) as POCKET ROCKETS.
- BARN - A FULL HOUSE, three of a kind and a pair.
- READ - To determine whether an opponent has a good, medium or bad hand by observing his personal behavior. An inexact science.
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