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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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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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