PartyGaming Founder Sells Gambling Shares

February 7th, 2010

party gaming shares

Anurag Dikshit, one of the founders of Party Gaming has sold his remaining shares
in the company. Dikshit paid a $300 million fine to the US, and will be sentenced
by the US court for his admission to running an illegal online gambling site and
accepting customer from the US. Many in the gaming industry believe that his
decision to admit this activity to the US government was the wrong move to make.

He had already sold two-thirds of his Party Gaming stock, and he just sold off
his remaining ownership of 9% for approximately $170 million. The sale of the
Dikshit’s remaining stock in Party Gaming was the final step in an on-going
plan to completely remove Dikshit from Party Gaming and the gaming industry.

Legal experts have argued that Dikshit was never charged with a crime and
their is no crime in the US statutes against online gambling, so their
is great wonder and what will happen to him during the sentencing phase.
It is noted that the sale of all online gambling assets is likely part
of Dikshit’s strategy to receive a lighter sentence from the US government





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