UltimateBet and Absolute Poker considering merger?

eGaming Review reported at the weekend that Absolute Poker and Ultimate Bet are about to announce their official merger on Monday. Rumors of a buy out of Ultimate Bet by Absolute Poker had been swirling around the industry for the past few weeks.

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Poker lingo:

• 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.
• RAINBOW - In flop games, a flop in which no two cards are of the same suit. "The flop was A 9 7 rainbow."
• TAPPED [OUT] - Out of money. Can refer to a player running out of money in the course of a hand, thus still active for the main pot; or can refer to a player who has lost his bankroll and can no longer play.
• LIVE ONE - The best kind of opponent, a poor player with a lot of money to lose and in a hurry to lose it.
• 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.
• SUICIDE KING - King of Hearts. So named because in the drawing the king appears to be stabbing himself in the head.