Online Poker Room Share Sale £49m
For half of the founding duo of the online poker company PartyGaming, this has been a profitable week, but a week of change. Vikrant Bhargava, who founded PartyGaming with Anurag Dikshit, sold off his 160 million shares at 30.5p each, resulting in £49m for the 34-year-old. Bhargava is not out to retire, however, having his new hedge fund called Sirius in which to utilize his cash surplus…
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Poker lexicon:
- FREE CARD - A card dealt after all players checked in a betting round.
- SEVENTH STREET - The seventh card dealt in 7-card stud.
- PAY OFF - Calling a bet with little expectation of winning, unless the opponent is bluffing.
- POCKET PAIR - Generic Hold'em term for 2 hole cards of the same rank.
- CARDS SPEAK - Winner(s) of the hand are determined by turning their cards face up, the best hand(s) wins (no declaration).
- STRAIGHT FLUSH - A hand consisting of 5 cards in sequence and the same suit.
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