Definition of Poker Rake

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;
Sample 1