PartyGaming buys Empire and Intercontinental

Party Gaming ended 2006 with a bang this week, splashing out on the acquisition of both Empire Online group and online casino operator Intercontinental Online Gaming to the tune of GBP 33.7 million (US$ 66.3 million) in shares. Party will fund the acquisitions by issuing 115.2 million new shares, according to a statement from the company.

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Poker argot:

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.
LIVE BLIND - The last and largest blind bet may or may not be LIVE. If LIVE, the blind bettor has the option of "raising" his own blind in the event the bet is called around to him. This is normal, and is sometimes referred to as "blinds are live".
TAP - In no-limit games, to wager all of one's money in one bet.
EDGE - An advantage over an opponent, either specific or subjective.
NO-LIMIT POKER - A game where there is no maximum bet; a player can wager any amount (perhaps above some minimum) up to whatever money is on the table in front of him.
POT LIMIT - A game where the maximum bet is determined by the size of the pot at the time. Note that a player wanting to raise first calls the bet, then totals the pot to determine the maximum amount he can raise.

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