Mangas Gaming Acquires Majority Stake in GigaMedia, Everest Poker

Shares of GigaMedia climbed 10% after announced a deal to sell a 60% stake in its online gambling software unit for more than $100 million.

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Wed, December 16th, 2009

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Useful poker terms:

  • STRAIGHT - A hand consisting of 5 cards in sequence but not in suit.
  • POCKET PAIR - Generic Hold'em term for 2 hole cards of the same rank.
  • MITES AND LICE - A hand consisting of two pair, threes over twos.
  • HOUSE RULE - Rules and interpretations (e.g., use of wild cards, or rules on having to show beaten hands) that are specific to an establishment or even tables within the establishment.
  • BICYCLE - The best possible low hand: A-2-3-4-5. More common term: WHEEL.
  • LAY ODDS - To give favorable odds to an opponent.
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