WPT Enterprises to explore possible merger
NEW YORK, Feb 7 (Reuters) - WPT Enterprises Inc., which created the TV show World Poker Tour and operates a gaming Web site, on Tuesday said it hired a financial adviser to assist in exploring growth alternatives, including a sale or merger of its business.The move, which follows an abortive buyout offer for the company in July, sent the company’s shares on a roller coaster ride. WPT Enterprises stock rose more than 8 percent in morning trade, but lost the gains to close down 4 percent.Clinton M
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Poker jargon:
- OMAHA - A variant of Hold'em where each player receives 4 hole cards and must use exactly two of them (together with 3 of 5 board cards) to make a hand. Often played high-low split with an 8 qualifier for low.
- READ - To determine whether an opponent has a good, medium or bad hand by observing his personal behavior. An inexact science.
- REPRESENT - Implying, by one's betting style, that one has a particular hand.
- TRIPS - Three of a kind. In Hold'em the term SET is used when two of the three cards are hole cards.
- BELLY BUSTER - An inside straight draw. Same as GUTSHOT.
- CRYING CALL - A call made with little chance of ultimately winning, but marginally better than an immediate fold.
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