PartyGaming Founder to Forfeit $300M in Web Gambling Case

Thursday January 01, 2009

Anurag Dikshit, a founder and former officer and director of PartyGaming Plc, an internet gambling business, has pled guilty in Manhattan federal court to charges that he used the wires to transmit in interstate and foreign commerce bets and wagering information.

As part the agreement, Dikshit has agreed to pay the government $100 million at the time of the signing of his plea agreement; another $100 million within 3 months of the date of his guilty plea; and the final $100 million prior to his sentencing or September 30, 2009, whichever is earlier.

Dikshit has already paid the first $100 million installment.

From about 1997 through October 2006, PartyGaming Plc operated an internet gambling business which offered Party Casino and Party Poker.