Anurag Dikshit Sells Majority of his Shares in PartyGamingDikshit Distances Himself Further from PartyGaming |
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Anurag Dikshit has distanced himself further from PartyGaming, parent company of PartyPoker.com, by selling a hefty chunk of his 28 percent sharehold in the company. He now holds nine percent, but a spokesman for Dikshit said that this too would be sold.
According to the Financial Times (FT.com), Dikshit sold 75 million shares to institutional investors at 250p apiece for a total £188 million, which, a spokesman says, he will donate to his charity.
The company’s shares then fell 16 percent, however analyst Vaughan Lewis says that the sale should benefit the company’s liquidity.
This chapter in Dikshit’s gradual movement away from the company has created additional hope that the site may obtain a U.S. license sometime in the future. However its other founders are said to be holding onto their shares and not following in Dikshit’s footsteps.
PartyGaming recently published its third quarter financial statement which revealed poker revenue was down eight percent to $45.1 million between July and September 2009 from the previous quarter and a fall from $65 million in the same period of 2008.
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