World Poker Tour For Sale

Lakes Entertainment, which holds a two-thirds stake in the World Poker Tour (WPT), may be considering a sell-off in order to raise substantial amounts of cash.

The US-based company has issued an intriguing ‘forward looking statement’ that suggests it may be considering the sale of its share in the WPT.

Lakes Entertainment recently…

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Poker glossary:

BIG BLIND - A blind bet, usually a raise of an earlier blind which would be called the SMALL BLIND. In limit poker, the BIG BLIND is usually the size of the minimum bet on the first round of betting.
CASE - The fourth card of a particular rank, as in "he folded the case 9" when describing where all the 9s were in a hand. Comes from the game of Faro where an employee of the house, called the "case keeper". kept track of the number of each rank of card remaining.
FILL - To draw a card that makes a five-card hand (straight, flush, full house, straight flush).
RAINBOW - In flop games, a flop in which no two cards are of the same suit. "The flop was A 9 7 rainbow."
QUARTER - [1] Twenty-five dollars, often symbolized by a green casino chip. [2] To divide half a pot between two tying hands. In split pot games, a player who "ties" another player for their half of the pot is said to be "quartered". One might say "I didn't bet my A-2 because I figured I'd get quartered".
DEAD MAN'S HAND - Generically: two pair, aces and eights. Specifically: the black aces, black eights and nine of diamonds. The hand Wild Bill Hickok was holding when he was shot to death.

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