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DIKSHIT SHARE SELL-OFF SPARKS SPECULATION
10/21/09 - The decision by Party Gaming founder Anurag Dikshit to sell off his remaining shares in the company not only caused a 12 percent dip in the share price this week; it ignited speculation as to the 36-year-old technology guru's motivation.
The most popular supposition appears to be linked to the possibility that the United States may legalise and regulate online gambling at some stage in the mid-term future, propelled by legislative initiatives to do away with the Unlawful Internet Gambling Enforcement Act and instead reap much-needed tax revenues from the popular pastime.
Industry observers reason that in such a scenario the requirements to obtain a licence, especially by a non-US company, would almost certainly demand a clean criminal record by company, management and major shareholders. Dikshit's guilty plea to a count of illegal gambling, and his agreement to pay in $300 million in December last year could make his financial stake in the Party Gaming group a burden for the company, hence the move to sell.
That Party Gaming has its sights on the US market should it liberalise, is clear from its recent preparedness to pay out $105 million in a 'no prosecution' agreement with the US Department of Justice.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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