Poker Business News Briefs: April 4, 2009

Shares of MGM Mirage jumped nearly 50% on Friday when it was revealed that private equity firm Colony Capital and Australian-based casino company Crown Ltd might team up to invest in the troubled Las Vegas CityCenter project…

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Poker terminology:

POCKET PAIR - Generic Hold'em term for 2 hole cards of the same rank.
ROLLED UP - In seven-card stud, being dealt three of a kind in the first three cards.
LIMIT POKER - A poker game wherein the amount to be bet is fixed, or at most variable within a prescribed minimum and maximum. Ant.: NO-LIMIT POKER.
OVER - A term used in describing two pair or a full house. "Kings over tens" means two pair, kings and tens. "Jacks over", also "Jacks up" describes a hand that is two pair: Jacks with an unspecified lower pair. Also used to describe a full house, distinguishing the three of a kind from the pair. The hand J-J-J-A-A could be described as "Full house, Jacks over Aces".
POT LIMIT - A game where the maximum bet is determined by the size of the pot at the time. Note that a player wanting to raise first calls the bet, then totals the pot to determine the maximum amount he can raise.
CALLER - One who calls. Sometimes used collectively, as in "3 callers".

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