No Sale for Purple Lounge Poker

A report featured in Scotland’s Sunday Herald newspaper let it be known that online poker site Purple Lounge Poker is not for sale, despite recent rumors to the contrary. A recent offer to buy half of the outfit for a cool £15,000,000 has been turned down by the Lounge owners, including Chris Gorman, who is a Scottish-based serial high-tech entrepreneur, not to mention a 20% stake holder. Matt Larter, CEO and founder of Purple Lounge Poker, also was in on the turn down…

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Poker argot:

EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
BUNNY - An eight. So named because one can easily draw "rabbit ears" above the numeral 8, "paws" in the middle and "feet" at the bottom. (Do this only at home, and not on cards that will be used for play.)
ALL-IN - To have all of one's chips in the pot. A player who is all-in cannot be forced out of the pot by more betting, but is only eligible to win that portion of the pot he has contributed to. Generally, a SIDE POT is created each time a player is all-in.
DRAW - [1] A class of poker games characterized by players being dealt 5 cards face-down and later having the opportunity to replace some of the original 5. "Draw poker" and "Five-card draw" are examples of usage. [2] In stud and Hold'em games, the set of cards that will be dealt later can be collectively called "the draw". [3] To discard some number of cards and have dealt an equal number of replacements.
RIVER - The last card dealt in a hand of stud or Hold'em.
CHECK RAISE - To check initially, then raise a bet made later on in the same betting round. Frequently a sign of strength, but may be a bluff.

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