Anurag Dikshit Sells PartyGaming SharesPublished October 22, 2009
Reportedly sold around 19% stake in the UK listed company for close to $300 million.
India-born PartyGaming co-founder, Anurag dikshit, has sold two thirds of his shares in the UK listed company for £188 million. He is expected to sell the remainder of the shares in the future.
Dikshit has sold 19% of PartGaming's shares. Previously he has held 28%.
He is reportedly going to donate the money Kusuma Trust, a charitable foundation he founded whose area of work is improving the life of at risk children and investing in education and communities in India and Gibraltar.
Dikshit himself has likely improved on his standing among the world's rich; he was 701 on the Forbes list before the sell.
Though share prices dipped following the sell, a greater offering of shares on the market is expected to fare well with PartyGaming. Dikshit himself is expected to leave the online gambling industry altogether. He has become an online casino role model of sorts, with a career that spun 12 years.
His long road from inventing the software that allowed online gambling on the PartyGaming platform at the age of 25, to this day, having quit the company's board, and now selling his shares.