PartyGaming to Buy Rival Web Sites
PartyGaming has expanded its online casino and poker operations with the acquisition of Web sites run by two smaller rivals, Empire Online and Intercontinental Online Gaming. The online poker operator said it will pay for the businesses with the issue of 115.2 million new shares.
Related Poker News:
- PartyGaming to buy Both Online Poker Sites - Noble Poker and Fair Poker
- Party Poker owner in talks to buy online rival
- PartyGaming Outplay Empire In The Biggest Poker Game
- PartyGaming In Talks To Buy Rival
- Empire Online Sues PartyGaming for Breach of Contract
- UIGEA Effects: Hints from Online Poker’s Financials
- PartyGaming To Take Online Poker To Next Level In 2006
- PartyGaming pays $250m to settle Empire suit
- Poker sites hold merger talks
- PartyGaming Announces 2005 Financials, CEO’s departure
- PartyGaming Considering Empire Poker Purchase
- Takeover talks terminated as Empire calls poker rivals bluff
Poker jargon:
- STRAIGHT - A hand consisting of 5 cards in sequence but not in suit.
- ONE-EYED - The jack of hearts, jack of spades or king of diamonds. So named because the characters are drawn in profile, thus showing only one eye.
- WIRED [PAIR] - A pair in the hole. In 5-card stud, a door card that pairs the hole card.
- COLD CALL - Calling both a bet and raise at the same time, as opposed to calling a bet then later calling a raise made after the call.
- 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.
- BLACK - When referring to chips, black usually stands for $100 casino chips. "This guy sits down with a stack of blacks and raises the first bet." Not ALL casinos use black for $100 but that is the common usage.
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