..

No Jailtime For PartyGaming Co-Founder Anurag Dikshit

Written by:
Aaron Goldstein
Published on:
Dec/17/2010
PartyGaming Anurag Dikshit

The co-founder of PartyGaming and one of India’s richest men, Anurag Dikshit, will not have to face jail time after settling with the US government.

The online poker billionaire was sentenced Thursday to one year probation. 

Dikshit, 39, arrived in the United States from his home in Gibraltar via a one-way ticket purchase.  He pleaded guilty in 2008 to one count of violating the federal wire act and agreed to forfeit $300 million.  Dikshit had reached out to US authorities in an effort to negotiate a guilty plea.

“I am persuaded that no jail time is appropriate here,” said U.S. District Judge Jed Rakoff.

Two other co-founders in PartyGaming, most notably billionaire Ruth Parasol, have so far declined to settle with the US Government. 

Party pulled out of the US market following passage of the Unlawful Internet Gaming Enforcement Act (UIGEA) in October 2006.  At the time, PartyGaming maintained over half the online poker market in the US.  Its decision to leave the US resulted in a loss of 80 percent of its overall customer base.  But as a testament to how huge this company is, PartyGaming’s PartyPoker online card room continues to be the 4th largest in the world.  The company is set to merge with Austria’s Bwin some time in the coming year.

- Aaron Goldstein, Gambling911.com

Gambling News

Man Who Ran Online Sportsbooks Sentenced to 15 Months Prison

Man Who Ran Online Sportsbooks Sentenced to 15 Months Prison

A Kentucky man has been sentenced to one year and three months in prison for operating an illegal gambling operation on the internet. 

Why Offshore Sportsbooks Will Never Die

Why Offshore Sportsbooks Will Never Die

When the Supreme Court ruled in 2018 that the federal government was wrong to stand in the way of legal sports betting and that each state could enact its own sports betting laws, people on the fringes of the industry believed that this marked the beginning of the end for offshore bookmakers.

Video Evidence NFL Players Involved in Poker Game Armed Robbery

Video Evidence NFL Players Involved in Poker Game Armed Robbery

The New York Daily News reports that video evidence, Instagram DMs, and testimony show payoff cover-ups for NFL players DeAndre Baker and Quinton Dunbar tied to an alleged armed robbery that occurred on May 13 in Miramar, Fla.

Can I Bet on Mybookie.ag From Iowa

Can I Bet on Mybookie.ag From Iowa

MyBookie.ag is among the most searched for online sportsbooks on the Web today but there are so many other great options from which to choose from if you live in Iowa

Butcher Facing Federal Gambling Charges

Butcher Facing Federal Gambling Charges

A North Shore butcher tangled up more than a decade ago over accusations of illegal sports gambling now faces criminal charges in federal court, prosecutors announced Thursday.

Syndicate