Online Poker Company PartyGaming Loses CEO

PartyGaming has announced that its CEO, Richard Segal, would be vacating his position as the online poker company’s chief executive officer. Essentially, it was an issue of location that drove Segal to leave his post. His CEO duties frequently took Segal from his home in London to PartyGaming’s headquarters in Gibraltar, situated on the southern tip of Spain. As a result of increased growth for the online poker company, however, he and other board members agreed that it would be best for the CEO to be based in Gibraltar full-time, an arrangement which didn’t suit Segal for familial reasons.

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Poker terminology:

BUTTON CHARGE - A periodic fee paid by whoever is the button, perhaps every 20 minutes or 30 minutes. Constitutes part or all of the HOUSE CUT.
RING GAME - A standard game where players can come and go as they choose. The opposite of TOURNAMENT.
MUCK - [1] A collection of face-down cards near the dealer composed of discards, i.e., folded hands, burns and discards for drawing purposes. [2] To throw one's cards into the muck, thus folding.
FREEZE-OUT - A table-stakes game that continues until a small number of players (possibly only one) has all the money. The major event in The World Series of Poker is a freeze-out game.
BLUFF - To make a bet or raise with a poor hand, in hope that the remaining active player(s) will fold.
FULL OF - Describes a full house. "Fives full of queens" is 5-5-5-Q-Q.

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