SEC subpoenas operator of DoylesRoom.com

In December last year we reported that the Securities and Exchange Commission (SEC) is investigating a $700 million offer for California-based WPT Enterprises (World Poker Tour) made on behalf of Doyle Brunson by the Las Vegas law firm Goodman & Chesnoff PC. This week the news surfaced that the SEC has now subpoenaed Wallace Nakano, the operator of DoylesRoom.com, twice as part of it’s investigation.

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Poker glossary:

TRIPS - Three of a kind. In Hold'em the term SET is used when two of the three cards are hole cards.
TO GO - The current betting level, as in "$20 to go" meaning every player must contribute $20 (total) or drop. A $10 raise would then make the pot "$30 to go".
TELL - Any personal mannerisms that reveal the quality of one's hand. E.g., constantly looking at one's hole cards is often a tell of a poor hand. (Some players, knowing this, will at times check their hole cards when they have a great hand and don't need to look.)
PAY STATION - A player who rarely folds, thus who frequently calls better hands and loses. Almost as much fun as a LIVE ONE.
BUNNY - An eight. So named because one can easily draw "rabbit ears" above the numeral 8, "paws" in the middle and "feet" at the bottom. (Do this only at home, and not on cards that will be used for play.)
REPRESENT - Implying, by one's betting style, that one has a particular hand.

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