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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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