Dikshit sellingoff remaining share
10-21-2009
Party Gaming founder Anurag Dikshit has revealed that he is selling off rest of his shares in the company triggered a 12 % drop in the share price this week and caused conjecture as to the 36-year-old technology master’s drive.
Apparently, the most common assumption is related to the chance that the United States might authorize and control online gambling at some point in the mid-term future, encouraged by legislative initiatives get rid of the Unlawful Internet Gambling Enforcement Act and in its place collect much-required tax incomes from the well-liked amusement.
Industry observers explain that in such a situation the necessities to get a license, particularly by a non-US company, would more or less demand a non criminal record by company, management and major shareholders. Dikshit’s guilty plea to a count of unlawful gambling, and his consent to pay in $300 million in December last year could make his financial stake in the Party Gaming group a trouble for the company, consequently the move to sell.
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