Sportingbet Sells U.S. Operations for $1
LONDON — Sportingbet PLC, the British online gambling company, said Friday it had dumped its U.S. operations following legislation to ban Internet gambling in that country.Sportingbet sold its U.S. sports-betting, casino business and poker operations to Antigua-based Jazette Enterprises Ltd. for $1, offloading $13.2 million of debt.The company said the sale saved it the $14 million cost of closing down the operations. The businesses have a total 500 employees.Sportingbet said it will keep its E
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Poker lingo:
- WIRED [PAIR] - A pair in the hole. In 5-card stud, a door card that pairs the hole card.
- BARN - A FULL HOUSE, three of a kind and a pair.
- 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.
- ACTION - Money that is being bet. "NO ACTION" means a hand or game has few bettors and fewer raisers. "Gimme some action" is ostensibly a plea for calls and raises.
- LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
- RIVER - The last card dealt in a hand of stud or Hold'em.
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