-
- Born: about 1972, Jharkhand, IndiaGuardian: Anurag Dikshit: High roller who came late to the poker party (December 16, 2008) Business Week: PartyGaming’s Billionaire Founder Pleads Guilty... (December 16, 2008)
- Education: Indian Institute of TechnologyGuardian: Anurag Dikshit: High roller who came late to the poker party (December 16, 2008)
- Previous employment: systems analyst and consultant for Websci and AT&TGuardian: Anurag Dikshit: High roller who came late to the poker party (December 16, 2008)
- Family: Married, with two childrenBloomberg: PartyGaming’s Dikshit Pleads Guilty to Web Gambling (December 16, 2008)
- Agreed to forfeit $300 millionBusiness Week: PartyGaming’s Billionaire Founder Pleads Guilty... (December 16, 2008)
- Agreed to assist the Department of Justice with investigationsBloomberg: PartyGaming’s Dikshit Pleads Guilty to Web Gambling (December 16, 2008)
- Maximum sentence: two years in jail and a fine of $250,000Business Week: PartyGaming’s Billionaire Founder Pleads Guilty... (December 16, 2008)
- Sentencing set for December 16, 2010Business Week: PartyGaming’s Billionaire Founder Pleads Guilty... (December 16, 2008)
- Posted $15 million bail, promised to limit travel to New York, Gibraltar, India and the European UnionBusiness Week: PartyGaming’s Billionaire Founder Pleads Guilty... (December 16, 2008)
- Still owns 27% of the business, which is thrivingTelegraph: PartyGaming founder admits breaking US law (December 16, 2008)
- Other founders are Ruth Parasol, Russ DeLeon, and Vikrant BhargavaTelegraph: PartyGaming founder admits breaking US law (December 16, 2008)
- None of the others believe they have contravened the 1961 Wire ActTelegraph: PartyGaming founder admits breaking US law (December 16, 2008)
-
-
Anurag Dikshit is the 37-year-old co-founder of the Gibraltar-based online gambling site PartyGaming. On December 16, 2008, he pleaded guilty to one count of internet gambling.Business Week: PartyGaming’s Billionaire Founder Pleads Guilty... (December 16, 2008)
-
PartyGaming and Anurag Dikshit
In 1997, Dikshit met Ruth Parasol, a lawyer and online pornography business owner. Together they launched PartyPoker, a website enabling gamblers from around the world to play each other. They soon realized that the majority of the players lived in the United States, where online gambling is illegal. So Dikshit and Parasol moved their operations to Gibraltar, with bases in India, England and the Caribbean. PartyGaming made Dikshit a billionaire, with total assets estimated at $1.6 billion. In 2004, the company earned $350 million in profits; it was listed on the London Stock Exchange in June 2005Guardian: Anurag Dikshit: High roller who came late to the poker party (December 16, 2008)On October 13, 2006, the Unlawful Internet Gambling Enforcement Act was signed into law by George W. Bush. The law targeted e-casinos and financial institutions, criminalizing online betting. Many gaming sites stopped accepting bets from persons in the United States, including PartyGaming, which by then had a clientele of 900,000 American players.Bloomberg: PartyGaming’s Dikshit Pleads Guilty to Web Gambling (December 16, 2008)
In 2008, Dikshit voluntarily flew to the United States and turned himself in, saying that he realized he had broken U.S. law. None of the other three co-founders believe that to be the case.Telegraph: PartyGaming founder admits breaking US law (December 16, 2008)
According to the Times Online, the agreement between Dikshit and the U.S. Department of Justice is seen as a positive step for the online gaming community. Several companies including 888 and Sportingbet had been threatened with lawsuits and are now looking to make settlements themselves.Times Online: A gamble worth taking (December 17, 2008)
-
Featured Mahalo Topics
About this page
Page Manager
.jpg){kind=link}
