Buyout Expenses Hamper Harrah’s Q1 Profitability
As with several other poor earnings statements posted by land-based gambling concerns, casino giant Harrah’s posted a loss of $187 million in the first quarter of 2008. This represents a reversal for the WSOP host, which posted a gain…
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Poker jargon:
- TRIP - Three of a specific kind, as in "Trip sixes".
- DEAD MONEY - Money contributed to the pot by players who have folded.
- LIVE [CARD] - In Stud, a card probably not held by other players.
- GUT SHOT - A draw to an inside straight, as in 2-3-4-6.
- OVERPAIR - In Hold'em, a pair in the hole that is larger than any community card on the board.
- FLAT CALL - To call a bet. Emphasizes that the caller did not raise.
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