Ongame Poker Acquired by BetandWin
The Swedish online poker software outfit known as Ongame e-Solutions has been acquired recently by BetandWin, the European sports betting colossus based down under. The deal, where the Australian company put up over six hundred million dollars US, met all the conditions BetandWin put forth, and the board happily signed off, according to a recent company statement.
The move is intended to significantly increase the market share of BetandWin in the poker charged Internet atmosphere. The Ongame shareholders are making out fairly well to boot, being paid 5.37 times 2005 earnings, less customer bonus…
Related Poker News:
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- Betandwin.com Bets on Ongame
- BetandWin seals OnGame takeover
- BetandWin Buys Out Rival Ongame in Deal
- BETandWIN.com to Buy Ongame Network
- Online Poker Room Shuffles Executives
- BetandWin Buys Online Poker Company Ongame
- Pokeroom.com Founders Set To Make Their Fortune
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- BetOnBet Defects to Microgaming Poker Network
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- BestPoker joins the Ongame poker network
Poker glossary:
- FLOP - [1] In Hold'em, the first three community cards, dealt simultaneously. [2] To deal a flop, or to make a hand on a flop. "I flopped trips".
- BIG BLIND - A blind bet, usually a raise of an earlier blind which would be called the SMALL BLIND. In limit poker, the BIG BLIND is usually the size of the minimum bet on the first round of betting.
- LEAK - To show one's hole cards (often unknowingly).
- DRAW OUT - To catch a card that improves your situation from a losing hand to a winning hand, especially when you beat someone holding a hand that usually figures to win.
- STUCK - Down a nontrivial amount of money, as in "he's stuck $800".
- NO-LIMIT POKER - A game where there is no maximum bet; a player can wager any amount (perhaps above some minimum) up to whatever money is on the table in front of him.
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