PartyPoker Company Looking at Layoffs
When the online poker boom hit, PartyGaming was the biggest company running a poker room online, and now they are looking at layoffs for their Gibraltar employees. Based out of Gibraltar, PartyGaming runs a number of online gambling sites, including PartyBingo, PartyGammon and PartyCasino, in addition to their most well known brand, PartyPoker. According to reports, they will be laying off a third of their employees, a counterpoint to the days that PartyGaming boasted the largest Initial Public Offering (IPO) on the London Stock Exchange.
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Poker lexicon:
- LEAK - To show one's hole cards (often unknowingly).
- ON TILT - Playing worse (usually, more aggressively) than usual because a player has become emotionally upset.
- OMAHA - A variant of Hold'em where each player receives 4 hole cards and must use exactly two of them (together with 3 of 5 board cards) to make a hand. Often played high-low split with an 8 qualifier for low.
- THIRD STREET - In Stud, the third card dealt to each player.
- BIG SLICK - In Texas Hold'em, hole cards of A-K, suited or not.
- FLAT CALL - To call a bet. Emphasizes that the caller did not raise.
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