Poker subsidiary drives revenue for Lakes
Lakes Entertainment Inc. reported a revenue increase of 180 percent for the third quarter to $5.9 million, from $2.1 million in the third quarter of 2005. The big difference is that during the third quarter this year, Lakes’ majority-owned subsidiary, WPT Enterprises Inc., delivered nine episodes of the World Poker Tour television series; last year none were delivered in the third quarter.
Related Poker News:
- Lakes Entertainment swings to profit on World Poker Tour gains
- Earnings Up for WPT
- Land O’ Lakes resort attracting college kids with strip poker
- Lakes Entertainment Giving Away WPT Stock to Shareholders
- Lakes Entertainment Closes Refinancing Deal
- The World Poker Store, Inc. Announces Business Developments in China
- Resort Nakedly Using Poker To Get Students
- Lakes Entertainment To Sell Off WPT?
- Robbery suspect is hot topic at regular Tri-Lakes poker game
- Lakes Entertainment Files Ohio Casino Petition
- Lakes Entertainment Considers Selling World Poker Tour
- Lakes Region gearing up for July Poker Run
Useful poker terms:
- NICKEL - Five dollars, usually represented by a red casino check.
- RERAISE - To raise after an opponent has raised.
- TOP PAIR - In flop games, having a hole card that matches the highest card on the board.
- STAKE - The amount of a player's BUY-IN, or the amount of money they are willing to play with in a given session. Compare: BANKROLL.
- FAVORITE - Before all the cards are dealt, a hand that figures to be the winner. Ant: UNDERDOG.
- SET - In Hold'em, three of a kind where two of the cards are hole cards.
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