Poker Machine Settlement Huge
Aristocrat Leisure makes poker machines which are used by players seeking their fortune, and a fortune is exactly what Aristocrat is paying out to shareholders who leveled a class action lawsuit against the company. The payout is confidential but rumors are circulating that put the figure somewhere between a low of $150 million and a high of $170 million. The lawsuit was launched six years ago on the basis that the company was not disclosing enough information…
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Poker jargon:
- LOCK - A hand that cannot be beat under any circumstances. Also: NUTS.
- ASSAULT RIFLE - In Omaha, hole cards that are A-K-4-7 of any suit(s).
- BRODERICK CRAWFORD - In Hold'em, hole cards of 10-4. From the 1950s TV series "Highway Patrol", starring Broderick Crawford.
- PASSED OUT. - A hand in which nobody opens. What happens next is a function of the game being played.
- LATE BLIND - In addition to "regular" blinds, some games allow a player (particularly a new one) to post a blind bet in return for the right to enter the game immediately and act last on the first betting round. The amount of the blind is determined by house rules, usually somewhere between the last blind and double the last blind. It is frequently a LIVE BLIND.
- 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.
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