WSOP Owner Harrah’s Gets Rejected

Harrah’s Entertainment, currently owners of the World Series of Poker brand and franchise, put in a bid for 28 percent of UK based land and online gambling group Rank Plc, but were turned down. The offer, which would have exchanged Harrah’s UK casino holdings for the chunk of ownership, was rejected despite Rank’s shares having taken a hit when gaming machine removal and smoking bans have hurt their business in the United Kingdom. In fact last month Rank put out a profits warning to their share holders that was at a seven year low, covering their major gaming brands Grosvenor Casinos and Blue Square.

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Useful poker terms:

• KICKER TROUBLE - Not having as high a kicker as an opponent.
• LOWBALL - Generic term for poker where the lowest hand wins.
• FAVORITE - Before all the cards are dealt, a hand that figures to be the winner. Ant: UNDERDOG.
• BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.
• HOUSE RULE - Rules and interpretations (e.g., use of wild cards, or rules on having to show beaten hands) that are specific to an establishment or even tables within the establishment.
• BELLY BUSTER - An inside straight draw. Same as GUTSHOT.