Posts Tagged ‘anurag dikshit’

Dikshit Sells Off All Shares

Wednesday, October 21st, 2009

It seems that Anurag Dikshit, the notorious founder of the online casino empire PartyGaming has decided to leave this world all behind. This came as a dramatic and slightly unexpected decision since his whole life was devoted to online casinos in a number of ways. But he decided to leave his company and ended up selling his full stake that he had invested in the company. This came out to a considerable chunk of change because even though PartyGaming has managed to come upon some rough times financially in recent months and years, the company is still one of the heavy weights for internet casino gambling in many parts of the world.

Dikshit had originally indicated that he would be soon making the move to sell off at least two thirds of his 28% stake in the PartyGaming stock. His stated intention was to bring a focus closer onto his charitable work that he has going for himself in the South Asian region. This is an interesting development for sure for anyone out there who has been following the ups and downs of PartyGaming and the market of online casinos in general.

Dikshit was fined $300 million and had to plead guilty to charges under the US Wire Act (from 1961 or so). Since Dikshit made his initial announcement to let go of two thirds of his stock, he subsequently decided to offload every single penny of it and just make a clean break so that he could move on with his life. It will be interesting to see what kind of an impact this move has on the casino gambling industry as a whole.

Famous Poker Player Brunson Criticizes Dikshit’s Actions

Sunday, January 4th, 2009

While every overprotective mother has watched with immense pleasure as Anurag Dikshit, co-founder of PartyGaming, has pled guilty to charges of violation of the 1961 Wire Act, other industry players are not so proud of the development. Dikshit has been ordered by the United States courts to pay $300,000. On top of all of that, he has received some stinging words of criticism from a poker legend named Doyle “Teas Dolly Brunson.

Dikshit recently admitted his guilt to using the wires to transmit different bets and assorted wager information via interstate commerce. He is now looking down the nose of the barrel and could face a grueling two-year jail sentence. Through being one of the founders of PartyGaming, an incredibly successful online gambling company, Dikshit ended up earning multi-billionaire status after PartyGaming went public.

Brunson criticized Dikshit for not demonstrating a great sense of obligation and loyalty to online poker since it was entirely responsible for delivering him his status as an extremely wealthy man. Brunson claims that Dikshit gave in too easy to “some kind of mystery law.” This development has definitely created quite a stir in the online poker community, a normally happy-go-lucky and reliably cordial place. Brunson said that it brought some ill will from many other online poker sites. He went on to say that he could not imagine what was going on in Dikshit’s mind when he made his decision. He said Dikshit’s actions showed that he had absolutely no loyalty in his heart for the industry that made him a rich man. Basically, through his guilty plea, he abandoned the industry altogether. Only time will tell if Dikshit will attempt some sort of comeback after serving his time.

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