PartyGaming Shareholder Guilty to Illegal Web Betting

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PartyGaming Shareholder Guilty to Illegal Web Betting

March 15, 2016 Brighton Rocks 0

Anurag Dikshit, who is the largest shareholder in online gambling company PartyGaming is expected to appear at a court in New York today after agreeing to pay $300m. He risks up to 2 years in jail.

The online gambling industry has been pursued by the government over illegal online betting since UIGEA was implimented in 2006.

PartyGaming dropped out of the FTSE 100 2 years ago. Mr Dikshit has made roughly $100m since 2005 when the company floated by selling some of his shares in the company.

PartyGaming produced a statement this morning stating that they did take bets after it became illegal to in October 2006.

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