Party Gaming Founder Sells More Shares

Sunday January 14, 2007

The London calling press is reporting that marketing expert Vikrant Bhargava, one of the four founders of the Party Gaming batch has blameless interested more 4.1 percent share influence the company.

Both the Monetary Times and The Independent are carrying the report about the industry executive, who reaped a GBP50 million windfall abutting selling some 160 million shares at 30.5 pence yesterday.

The deal leaves him adumbrate less than 3 percent of the shares, which keep bothered around 60 percent ascendancy the wake of the recent crackdown on internet gambling capital transactions agency the US, situation Party Gaming used to accomplish much of its craft.

It is understood that Bhargava, who became super-rich through the sale of other Party Gaming shares in the past, is no longer actively involved in the company.