Financial Times FT.com

PartyGaming founder reduces stake in group

By Roger Blitz, Leisure Industries Correspondent

Published: October 20 2009 11:35 | Last updated: October 20 2009 19:31

One of PartyGaming’s founders sold the majority of his 28 per cent stake in the online gambling company to institutional investors for £188m on Tuesday, and said he intended to sell the remainder of his shareholding.

Anurag Dikshit, who forfeited $300m (£183m) after pleading guilty in December to an online gambling charge in the US, will donate the money to his charitable foundation, his spokesman said.

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