The co-founder of an Internet gambling site has pleaded guilty to violating U.S. online gambling laws and has agreed to forfeit $300 million.Anurag Dikshit, 37, a former director of PartyGaming PLC, pleaded guilty Tuesday in U.S. District court to charges that he used wires to transmit bets and wagering information the Justice Department said.
Poker Players Folding on PartyGaming?
PartyGaming, the largest online gaming group in the world, has suffered a 33% tumble in its stock after the company made comments suggesting a slow-down in customer growth.
PartyGaming Trumps the Market With IPO
Shares of online casino PartyGaming, went up 11% after the company’s initial public offering. The company was worth about $8.5 billion, but is now estimated to be worth about $9.1 billion.