Anurag Dikshit

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Anurag Dikshit (/ˈdɪksɪt/; born 1973) is an Indian businessman who, in connection with the online poker company PartyGaming, entered a guilty plea to one count of online gambling in violation of the Federal Wire Act and received a $300 million fine.[1] He sold off the remainder of his stake in PartyGaming in January 2010,[2] after selling 23% of his stake in the company's initial public offering, and a further two-thirds of the remainder, in October 2009.[3]

Born in Dhanbad, Bihar, Dikshit graduated with a Bachelor of Technology degree in computer science and engineering from Indian Institute of Technology Delhi in 1994. He completed schooling at De Nobili School, FRI. Following graduation, Dikshit worked as a software developer in the United States at CMC, as a systems analyst for Websci and later as a consultant for AT&T.[4]

PartyGaming[edit]

At age 26, Dikshit was asked by PartyGaming founder[5] American Ruth Parasol to write the company's betting software.

In 2000, Dikshit hired a friend from his alma mater, Vikrant Bhargava, to begin working at PartyGaming with him and others. Party Poker was launched in August 2001.[citation needed]

Since online gambling is illegal in the US, the company's servers and offices were based in Gibraltar; Dikshit settled there, too.[6]

In May 2006 Dikshit stepped down from PartyGaming's board of directors and took a position as head of the company's research and special projects.[7] As of December 2008 he still owned approximately 28% of the company's shares.[8]

In December 2008, Dikshit entered a guilty plea to one count of online gambling in violation of the Federal Wire Act and agreed to forfeit $300 million. "I came to believe there was a high probability it was in violation of U.S. laws", Dikshit told U.S. District Judge Jed S. Rakoff in New York, referring to PartyGaming's activity.[9] Dikshit no longer personally owns any shares in PartyGaming, having sold his shares in January 2010.[10]

References[edit]

  1. ↑ Online Gambling Billionaire Cashes In. Forbes.com (2009-10-20). Retrieved on 2011-06-15.
  2. ↑ The Daily Telegraph, 25 January 2010 PartyGaming founder Anurag Dikshit severs ties with company after £114m share sale
  3. ↑ Nils Pratley, The Guardian, 20 October 2009, Guardian.co.uk: Dealing in poker profit
  4. ↑ Anurag Dikshit – High roller who came late to the poker party. The Guardian. Retrieved on 2011-06-15.
  5. ↑ Ruth Parasol. Bonitatrust.org. Retrieved on 2011-06-15.
  6. ↑ Balakrishnan, Angela (16 December 2008). "Anurag Dikshit: High roller who came late to the poker party". The Guardian.
  7. ↑ PartyGaming's Dikshit quits board. Forbes (2006-05-24). Retrieved on 2011-06-15.
  8. ↑ The Guardian, 17 December 2008, PartyGaming up 27% as founder pleads guilty in US court
  9. ↑ Larson, Erik. (2008-12-16) PartyGaming's Dikshit Pleads Guilty to Web Gambling. Bloomberg. Retrieved on 2011-06-15.
  10. ↑ Anurag Dikshit Sells Remaining Stake in Party Gaming. Pokernewsdaily.com (2009-10-20). Retrieved on 2011-06-15.

External links[edit]

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