Lakes Entertainment Profitable on Poker
The parent company of WPT Enterprises, which is the company that owns the World Poker Tour, has shown a profit in the second quarter of this year, attributed to a 70% rise in sales. Lakes Entertainment, a Minnetonka-based casino manager and developer, reported that for the three months ending July 2 the company earned $3.2 million. This equates to $.13 per share and is compared with a loss of $5.7 million, or $.25 per share, from one year ago…
Related Poker News:
- Lakes Entertainment Closes Refinancing Deal
- Lakes Entertainment Giving Away WPT Stock to Shareholders
- Lakes Entertainment To Sell Off WPT?
- Lakes Entertainment Files Ohio Casino Petition
- Lakes Entertainment Considers Selling World Poker Tour
- Earnings Up for WPT
- World Poker Tour For Sale
- Lakes Entertainment swings to profit on World Poker Tour gains
- Poker subsidiary drives revenue for Lakes
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- WPT Helps Lakes Swing to Profit
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Poker lingo:
- STRING BET - An unethical and often illegal means of raising whereby a player puts a call-size stack of chips into the pot and, after observing the reactions of the players, then goes back to his stack and puts out more, thus raising.
- POSSIBLE [STRAIGHT/FLUSH] - Up cards that quite possibly could lead to a straight and/or a flush.
- S&M - Sklansky & Malmuth. Generally refers to the ideas and algorithms published by these two authors. When used in a 7-card stud context, often refers to "7 Card Stud For Advanced Players", and when used in a Hold'em context, often refers to "Texas Hold'em For Advanced Players".
- WIRED [PAIR] - A pair in the hole. In 5-card stud, a door card that pairs the hole card.
- ON THE COME - A situation where the player does not have a complete hand but hopes to make one if the right cards come up.
- REPRESENT - Implying, by one's betting style, that one has a particular hand.
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