Anurag Dikshit Sells Remaining Share of Party Gaming

Anurag Dikshit cofounder of Party Gaming has sold out his remaining share in the super power Gibraltar facing company right on the spot of peak after confirmation of discussions that Party Gaming might be merging with rival Austrian based sports betting giant Bwin (see the Bwin Party Gaming Merge Post for more information). Dikshit who together with Ruth Parasol formed and set up what we today know as Party Gaming sold 2/3 of his stock in 2006 after the almighty super power stepped out of the US market and continued today with his remaining share which has been announced to have been sold at 270p per share with a total of 38.8 million shares that had remained under his portfolio. It is well mentioned that Mr Dikshit has gained about £540 million since PartyGaming floated back in June of 2005 of which £188 million he has donated to his own charitable institution.

The growing success of the Indian born software engineer started back in 1997, when Party Gaming founder Ruth Parasol (a self made millionaire that migrated to online gaming operations after a successful portfolio building in adult phone sex services) launched Starluck Casino Online in the Caribbean and in 1998 met and partnered with software engineer, Anurag Dikshit. At the time, she made Dikshit a partner in her online casino business, and in turn Anurag made Parasol a partner in his IT services business in India. Parasol’s expertise is electronic payment processing, website content management, online gaming regulations and international taxation.

2001 was the year Ruth Parasol and Anurag Dikshit launched Party Poker only to see PartyGaming Plc grow dramatically to over $500 million in annual profits by 2005. In June 2005, PartyGaming Plc floated on the London Stock Exchange at a value of £4.64 billion ($8.46 billion) and in September was admitted to the FTSE 100 list of companies.

Partial Source of information: The Financial Times