Lakes Entertainment To Sell Off WPT?

As we entered into the Thanksgiving holiday Lakes Entertainment, who owns approximately two-thirds of World Poker Tour Enterprise stock, issued one of those good news/bad news type statements on its financial dealings.

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Tue, November 29th, 2005

Related World Poker Tour and Poker Industry News:

Poker glossary:

  • HOLE CARDS - In Stud and Hold'em, the face-down cards dealt to each player.
  • LATE BLIND - In addition to "regular" blinds, some games allow a player (particularly a new one) to post a blind bet in return for the right to enter the game immediately and act last on the first betting round. The amount of the blind is determined by house rules, usually somewhere between the last blind and double the last blind. It is frequently a LIVE BLIND.
  • LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
  • MITES AND LICE - A hand consisting of two pair, threes over twos.
  • LOOSE - Playing more hands than the norm. Antonym: TIGHT.
  • CALLER - One who calls. Sometimes used collectively, as in "3 callers".
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