BetandWin enters into takeover talks with OnGame
Austrian gambling company BetandWin announced this Friday it has entered into a Memorandum of Understanding with Ongame, a Swedish software company that owns PokerRoom.com, regarding a possible takeover for an estimated $500 million. If successful the takeover would make BetandWin the second largest online gaming company after PartyGaming.
Related Poker Industry News:
- BetandWin seals OnGame takeover
- Ongame Poker Acquired by BetandWin
- Betandwin.com Bets on Ongame
- BetandWin Buys Out Rival Ongame in Deal
- BETandWIN.com to Buy Ongame Network
- Online Poker Room Shuffles Executives
- BetandWin Buys Online Poker Company Ongame
- Pokeroom.com Founders Set To Make Their Fortune
- Father And Sons Hit Poker Jackpot
- BetOnBet Defects to Microgaming Poker Network
- Bwin books EUR534 Million loss for Ongame
- MGM Mirage interested in takeover of Partygaming
Poker lingo:
- FIFTH STREET - In stud poker, the fifth card to be dealt to each player. Sometimes used to refer to the last card dealt in Hold'em, although the more common term for this is RIVER (q.v.).
- SMALL BLIND - In games with two blinds the first blind is the SMALL BLIND because it is usually one-half (or less) the second or large blind.
- ROYAL FLUSH - An ace-high straight flush, the best possible hand in regular poker.
- HOLE CARDS - In Stud and Hold'em, the face-down cards dealt to each player.
- QUALIFIER - A minimum standard that a hand must meet in order to win. Usually applied to the lowball side of a high-low split pot.
- FISH - A player who loses money. An old saying is "If you can't spot the fish at the table, *you* are the fish.".
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