WPT Enterprises Takes on Financial Advisor to Investigate Sale or Merger Options
(Press Release) WPT Enterprises, Inc. (Nasdaq: WPTE), developer and owner of the World Poker Tour(R) and the Professional Poker Tour(TM), announced today that it has engaged Thomas Weisel Partners LLC as its financial advisor to assist it in exploring strategic alternatives, including, but not limited to, the sale or merger of the business with another entity offering strategic opportunities for growth.
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Useful poker terms:
- STAKE - The amount of a player's BUY-IN, or the amount of money they are willing to play with in a given session. Compare: BANKROLL.
- LOWBALL - Generic term for poker where the lowest hand wins.
- BET - To put money into the pot, pursuant to the rules of the game, thus maintaining a chance of winning the pot.
- COMMUNITY CARDS - Cards that are available for every player to use in making a hand. Usually dealt face up somewhere in the middle of the table.
- MARKED CARDS - Cards that have been (illegally) altered so that their value can be read from the back.
- FOLD - To decline to call a bet, thus dropping out of a hand.
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