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Internet Rich List: 4 PartyGaming chiefs top Sunday Times top earners

Online gambling websites lay major claim to the top spots in The Sunday Times Rich List for 2009, with almost half of the top 10 positions occupied by individuals with online gambling interests.
Although the top dog on the list was Peter Cruddas, founder and owner of Internet securities dealer CMC on GBP 1 billion, industry observers will not be surprised to learn that Party Gaming founders Ruth Parasol and husband Russ De Leon are in second place with a reported fortune of GBP 700 million even in these tough times in terms of international economies.
Party Gaming also fields Anurag Dikshit and former marketing director Vikrant Bhargava, both primary PartyPokershareholders who ranked 3rd on GBP 559 million and 9th on GBP 230 million respectively, despite Dikshit's seriously expensive (at $300 million) "settlement" earlier this year with the American Justice Department.
Bet365 founders Peter and Denise Coates, placed 6th on the list, with a reputed personal worth of GBP 400 million invested in their their Stoke, UK-based operation.
Betfair placed three execs in the top 20, including founders Ed Wray at 11th (GBP 190 million) and Andrew Black at 12th (GBP 185 million). Equity investment manager Richard Koch placed 17th on the list with a Betfair stake worth (GBP 129 million).
Other prominent fortunes listed include those of Web hosting services firm Planet Online founder Peter Sykes at 4th (GBP 550 million) and investor Peter Wilkinson at 7th (GBP 301 million).
The online top 10 was rounded out by Google's Michael Moritz in 5th (GBP 470 million), Bebo's Michael and Xochi Berch at 8th (GBP 250 million) and Miniclip founder Tihan Presbie at 10th (GBP 196 million).
On the general list, the horrendous impact of the recession on the fortunes of wealthy personalities was well illustrated.
Steel industry magnate Lakshmi Mittal remained on the top of the list this year, despite being 2009's biggest loser, having watching over GBP 16.9 billion evaporate from his empire. Mittal, still worth over GBP 10 billion, was followed by Russian entrepreneur Roman Abramovich, who lost GBP 4.7 billion of his wealth this year but still managed to hang in there with GBP 7 billion.
They were not alone - the crippling decline in the global economy wiped GBP 155 billion off last year's list, the biggest fall since it was first compiled 21 years ago.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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