One Step Closer to WSOP Sale

The company that owns and operates the World Series of Poker brand, Harrah’s Entertainment Inc, may soon be sold off to private investors, as the lights keep turning green on the game plan. Recently Harrah’s announced that the Missouri Gaming Commission had granted approval regarding the company’s proposed acquisition by Apollo Management and TPG Capital. This is just one step of a long journey, but many other steps have been taken prior to this, with approval coming from many sources, including various states and the European Union…

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Poker lingo:

CRYING CALL - A call made with little chance of ultimately winning, but marginally better than an immediate fold.
TRIP - Three of a specific kind, as in "Trip sixes".
POCKET PAIR - Generic Hold'em term for 2 hole cards of the same rank.
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.
SEAT POSITION - The actual seat a player has, normally numbered sequentially starting with 1 as the first seat to dealer's left. Not to be confused with POSITION in a particular pot. Typically unrelated to play of a hand but often important in peripheral aspects, e.g.: "Seats 1 and 10 are nonsmoking here", "Seat 5 has a good view of the table", "Seat 3 is in a high-traffic area".
OPEN-HANDED - A category of games characterized by a part of each player's hand being exposed.

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