PartyGaming Likely to Settle Online Poker War with Empire Online for $200 Million
A settlement for $200 million. That’s what it looks like it will take to finally bring an end to the hostilities between online poker providers PartyGaming and Empire Online. PartyGaming is reportedly prepared to compensate Empire Online with this huge sum in light of having cut off its poker site, Empire Poker, from the millions-strong PartyGaming player base. As of last year’s severance of ties between the two organizations, Empire Poker was left with only a small percentage of active poker players on the site, causing "substantial damage" to Empire Online revenues.
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Useful poker terms:
- OPENERS - Cards in a hand that qualify a player to open the betting.
- CASE - The fourth card of a particular rank, as in "he folded the case 9" when describing where all the 9s were in a hand. Comes from the game of Faro where an employee of the house, called the "case keeper". kept track of the number of each rank of card remaining.
- DOUBLE BELLY BUSTER - A two-way inside straight. E.g., 3-5-6-7-9.
- HOOK - A Jack. So named because the "J" resembles a hook.
- OVERPAIR - In Hold'em, a pair in the hole that is larger than any community card on the board.
- FOLD - To decline to call a bet, thus dropping out of a hand.