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Partygaming Update: Dikshit Selling All Partygaming Stock
10/20/09 - Hard on the heels of this morning's story that Party Gaming founder Anurag Dikshit is to sell all but 38.8 million of his remaining shares in the group comes the news that the 36-year-old software whizz plans to walk away entirely.
The online gambling information publication eGaming Review contacted Shimon Cohen, a Dikshit spokesman, who said that all of the Indian billionaire's remaining shares would be put up for sale when the time was right following his decision to move away from Party Gaming.
Cohen said a further statement would be released regarding the sale of the remaining shares, although he could not say when that would be.
Cohen told eGR that all proceeds from the current sale of shares, estimated by broker Daniel Stewart to amount to a net share sale income of GBP 188 million, would go into a charitable foundation.
“Anurag has a charitable foundation that has been running for a number of years that he would like to be able to transfer the proceeds into, and to continue to do the works of the charitable foundation,” Cohen said.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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