Lee Iacocca May Become a Poker Mogul
A Fallon, Nevada casino has come under the eye of an investor group with aims to buy the establishment, and former Chrysler chief Lee Iacocca is a major part of it. Full House Resorts, the group in question, is seeking regulatory approval of a proposed $25.5 million purchase of the casino in Fallon, and Iacocca owns 12% of Full House Resorts. Iacocca, now 80, was once heralded for giving up his salary in order to get the Chrysler auto company turned around, which sounds like a poker player who knows when to invest and when to have courage.
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Poker lexicon:
- BRODERICK CRAWFORD - In Hold'em, hole cards of 10-4. From the 1950s TV series "Highway Patrol", starring Broderick Crawford.
- SET - In Hold'em, three of a kind where two of the cards are hole cards.
- UNDER THE GUN - The position that has to act first in a round of betting.
- FORCED BET - In some stud games a player may be required to make a bet to start the action on the first card. This is similar conceptually to blinds and antes, but in this case is dependent on the cards shown rather than player position. Usually the weakest hand is forced to bet.
- ANTE - A small bet all players are required to make before a hand is dealt. Not all games have an ante. Related terms: BLIND, FORCED BET.
- BICYCLE - The best possible low hand: A-2-3-4-5. More common term: WHEEL.
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