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.
Related Poker News:
- Mangas Gaming, Owner of Betclic, Announces the Acquisition of Everest Gaming, a Leading European Online Poker Platform
- Mangas Gaming, Owner of Betclic, Announces the Acquisition of Everest Gaming, a Leading European On Line Poker Platform
- GigaMedia Announces Quarterly Reports, Details on Everest Poker Sale
- Everest Poker Acquired by Mangas Gaming
- GigaMedia 3Q Profit Up on Poker Software
- Gigamedia Profits Rise on Poker Software and Online Asian Sales
- GigaMedia 2Q Profit Up on Poker Software
- Poker Changes Not Seen As a Threat
- Asian US NASDAQ Listing a Poker Operator
- Irish entrepreneur buys a 10 percent stake in Neteller
- Inside Gaming: Gambling Sites Stake Claims on Football Clubs and MI Tribal Casino Project Gets a Bail Out
- World Poker Tour operator may be sold
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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