..

PartyGaming’s Anurag Dikshit to Settle With US Gov for $300 Mil

Written by:
C Costigan
Published on:
Dec/15/2008

The billionaire co-founder of PartyGaming, Anurag Dikshit, has plead guilty to a charge related to illegal online gambling and will pay a $300 million fine to US authorities, Gambling911.com learned Monday evening.

Dikshit also could serve up to two years in prison. 

He is PartyGaming's largest shareholder, holding a 27 percent interest in the company. 

Dikshit is a billionaire Indian businessman, the richest man in Gibraltar and the 207th richest man in the world. As a co-founder of PartyGaming, parent company of the world's leading online poker site PartyPoker.com, he is one of the youngest billionaires in the world.

Born in Sindri, Jharkhand, Dikshit graduated with a Bachelor of Technology degree in computer science and engineering from India's Indian Institute of Technology, Delhi in 1994. He completed schooling at De Nobili School, FRI, Jharkhand. Following graduation, Dikshit worked as a software developer in the United States at CMC, as a systems analyst for Websci and later as a consultant for AT&T. With a current fortune estimated to be $1.75 billion, he is 35th on the list of the richest Indians in the world.

Party's founders have long been said to be negotiating with US authorities for their business activities in the States prior to passage of the Unlawful Internet Gaming Enforcement Act in October 2006.  

----

Christopher Costigan, Gambling911.com Pubisher 

Gambling News

Pari-Mutuels in Florida Urge Appeals Court to Reject Seminoles' Motion for a Stay in Sports Betting Case

West Flagler Associates, parent company of Magic City Casino, submitted its official response to the Seminole Tribe’s emergency motion for a stay in its Florida mobile sports betting case claiming the “irreparable harm” cited by the Seminole Tribe is self-inflicted.  West Flagler Associates noted that the Seminoles continue to take mobile bets even after a federal judge ordered them not to.

The End of Macau as We Know It?

The End of Macau as We Know It?

The world's largest casino hub may be no more following a series of arrests over the weekend that demonstrate China's crackdown on gambling enterprises tied to the mainland.

$224,000 Jackpot at Seminole Classic Casino Win Follows $1 Million Jackpot Hit in California Casino

$224,000 Jackpot at Seminole Classic Casino Win Follows $1 Million Jackpot Hit in California Casino

A lucky guests scored almost a quarter of a million dollars today on a slot machine at Seminole Classic Casino in Hollywood Fla.

Report: VIP Gaming Rooms in Macau Shuttered Following Arrests

Embattled gambling operator Suncity Group Holdings has closed all VIP gaming rooms in Macau, the world’s largest gambling hub, after the company’s chairman was arrested, according to Reuters. 

Odds on Spencer Rattler's Next Team Close as Sharps All Over ASU

Odds on Spencer Rattler's Next Team Close as Sharps All Over ASU

Arizona State closed at -300 following a flurry of bets.  Ole Miss had been the favorite to land Rattler.

Syndicate