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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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