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Online Casino Conditions >>> Betting News >>> May News


Party Gaming Founders to Throw in Their Towels


Online Casino Conditions Staff
May 26, 2006

Two of the four founders and board members of the hugely successful Party Gaming online casino and online poker company, Party Poker, have decided to sell their stock portions and call it quits. There is no sign of bad blood with any of the board members, which seems to be more motivated out of knowing when they've had enough of a good thing and wanting to enjoy the extremely profitable fruits of  their labor.

One of the two, Anurag Dikshit, has been part of the Party Gaming online casino team since rather early on after he was recruited at the young age of 25 to design the gaming software that the online casino would use to power its platform. Given his pivotal roll in the development of the company, he was soon made into a board member and one of the primary holders of the online casino company's stock at thirty-one percent.

The other is Vikrant Bhargava who holds about eight and a half percent of the company's shares and is anticipating leaving the company at the end of this year, while Dikshit is planning on staying on as a technical consultant and perhaps just trading his portion in for a cash amount. If he does decide to sell his shares, he will possibly reap over one-and-a-half billion pounds. That sounds like a nice little retirement nest egg, if you ask me.

The primary force behind the online casino, husband and wife team Ruth Parasol and Russ DeLeon, are also rumored to be considering selling a portion of their almost forty percent hold on the online casino, but there is no confirmation at this point in time. The casino is based in Gibraltar and was primarily founded by Ruth - a San Francisco native lawyer with a past in the phone sex industry until she found her calling in the online casino industry.

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