PartyGaming Swallows Empire Poker for $250 Million
After months of legal turmoil, PartyGaming and Empire Online have finally brokered a deal to end their poker-related business dispute. According to the terms of the deal, which has yet to be approved by Empire Online shareholders, PartyGaming will agree to pay Empire a reported sum of $250 million for its Empire Poker online poker room. If Empire Online shareholders approve the deal, they are expected to receive a sizable per share dividend based on the proceeds of the Empire Poker sale.
Related Poker News:
- PartyGaming Likely to Settle Online Poker War with Empire Online for $200 Million
- Empire Online settlement with PartyGaming close at hand
- Poker War Has Begun
- PartyGaming Outplay Empire In The Biggest Poker Game
- Empire Online Sues PartyGaming for Breach of Contract
- Online Poker Feud Ending
- PartyGaming Approaches Empire Online About a Takeover
- Empire Poker Still Popular
- Empire Poker to Sue PartyGaming
- PartyGaming Buys Empire Poker
- Empire Online settles with PartyGaming
- Empire, Party Close to Settlement; New Partnership Possible?
Poker dictionary:
- SPLIT [OPENERS] - In draw poker, to discard one or more openers, usually to draw to a straight or flush. Normally requires the opener to declare the act and retain the discards so that the act of opening can later be validated.
- CALLER - One who calls. Sometimes used collectively, as in "3 callers".
- TURN - The fourth community card in Hold'em.
- FULL HOUSE - A hand consisting of 3-of-a-kind and a (different) pair.
- OPEN-HANDED - A category of games characterized by a part of each player's hand being exposed.
- RAKE - Money taken from each pot and given to the house in return for hosting the game. Usually a percentage of the pot (5%-10%) up to some maximum amount.
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