Partygaming profits up 47 percent
Online gaming group PartyGaming reported a 47 percent increase in its first-half profit this week and revealed that recent acquisition, Gamebookers was exceeding expectations.
Related Poker News:
- PartyGaming CEO Garber Quits for Greener Pastures
- Poker boosts Partygaming profits
- U.S. ban sparks Web gaming crisis
- Profits Up for PartyPoker Company
- PartyGaming Produces Record Quarter
- PartyGaming issues profit warning
- PartyGaming reports 65% revenue increase in 4th quarter
- Online Poker Room Hurting
- Empire Online Sues PartyGaming for Breach of Contract
- paidContent - PartyGaming Buys World Poker Tour For $12.3 Million
- $300million given by Party Poker Co-Founder
- PartyGaming Approaches Empire Online About a Takeover
Poker glossary:
- PAT HAND - In draw poker, a hand that does not need any more cards. Specifically, a straight, flush, full house or straight flush. One might bluff and represent a pat hand but actually hold something else.
- OPENERS - Cards in a hand that qualify a player to open the betting.
- BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.
- PROP - Also PROPOSITION PLAYER. An employee of the gaming establishment whose primary purpose is to keep enough players at a table to prevent breaking up the game for lack of players. Unlike SHILLs "props" make a small hourly wage but play with their own money, winning or losing based on their skill.
- TOP TWO PAIR - In flop games, having hole cards that make the highest possible two pair hand.
- BIG SLICK - In Texas Hold'em, hole cards of A-K, suited or not.
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