BETandWIN.com to Buy Ongame Network
In a deal worth over $625 million, Austria-based BETandWIN.com (BWIN) announced Friday that it has agreed to buy the Ongame Network, operator of PokerRoom.com, the internet’s third largest poker room.
BWIN will pay 40 percent of the purchase price in cash, 40 percent with stock (BWIN is listed on the Vienna stock exchange), with the rest paid by 1Q 2009…
Related Poker Industry News:
- Ongame Poker Acquired by BetandWin
- BetandWin enters into takeover talks with OnGame
- Betandwin.com Bets on Ongame
- BetandWin Buys Out Rival Ongame in Deal
- BetandWin seals OnGame takeover
- Online Poker Room Shuffles Executives
- Ongame Network Poker Classic Rescheduled, Qualifier Incentives Increased
- BetOnBet Defects to Microgaming Poker Network
- BetandWin Buys Online Poker Company Ongame
- Betfair Poker Merges to Ongame Network
- Pokeroom.com Founders Set To Make Their Fortune
- BestPoker joins the Ongame poker network
Casino poker language:
- NICKEL - Five dollars, usually represented by a red casino check.
- FLOORMAN - The casino representative in charge of the card room or a section of a card room. Arbitrates disputes when unusual events happen.
- CHECK RAISE - To check initially, then raise a bet made later on in the same betting round. Frequently a sign of strength, but may be a bluff.
- STACKED [DECK] - A deck that has been arranged to give one player a huge advantage. Also: RIGGED.
- DEAD MONEY - Money contributed to the pot by players who have folded.
- AMERICAN AIRLINES - In Hold'em, a pair of Aces in the hole. Better known (at least in rec.gambling) as POCKET ROCKETS.
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