Dikshit to sell entire PartyGaming stake

Breaking news from a post by EGRmagazine.com yesterday revealed that PARTYGAMING founder Anurag Dikshit is to walk away from the company completely by selling his entire stake

As reported, Dikshit earlier announced he is to sell two thirds of his 28% stake in the British company to focus on his charitable work in south Asia. A spokesman later confirmed that Dikshit will also sell his remaining stake too.

Shimon Cohen said: “[Anurag] has decided it is time to move away from the company. When the time is right, his remaining shares will be sold as well. There will be another announcement related to the sale of the rest of the shares, although we can’t yet say when.”

Cohen confirmed all proceeds from the sale of today’s shares, estimated by broker Daniel Stewart to amount to a net share sale income of £188m at 250p, would go into a charitable foundation.

“Anurag has a charitable foundation that has been running for a number of years that he would like to be able to transfer the proceeds into, and to continue to do the works of the charitable foundation.” Cohen said.

Ruth Parasol and Russ DeLeon, who founded Party Gaming along with Dikshit, were not expected to follow suit, according to EGR.