Poker Rake definition

Poker Rake means the gross amount earned by the Parbet Operator (as that term is defined in section 4(1)) from the pot of each hand of poker played in the Parbet Poker Room, it being acknowledged by the Parties that the Parbet Poker Room shall be operated in and through the Purchaser’s centralized poker room, meaning that End Users may play individual hands of poker with end users of other licensees of the Poker Software, and in such circumstances the Poker Rake deducted from each hand of poker so played must be divided amongst the Parbet Operator and all other licensees of the Purchaser whose end users participated in the hand, in accordance with the Purchaser’s policies and procedures;
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Examples of Poker Rake in a sentence

  • Net Rake" shall mean, for any given calendar month, Gross Poker Rake (actual rake) minus any fees associated with the Licensee's membership in the community multi-player poker network.

Related to Poker Rake

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  • Intermodal Rail Yard means a rail facility in which cargo is transferred from drayage truck to train or vice-versa.

  • Special Railway Licence means the relevant miscellaneous licence for railway and, if applicable, other purposes, granted to the Company pursuant to subclause (6)(a)(i) as varied in accordance with subclause (6)(h) or subclause (6)(i) and according to the requirements of the context describes the area of land from time to time the subject of that licence;

  • X-ray tube means any electron tube which is designed to be used primarily for the production of X-rays.

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