Party Gaming Founder Shows Movie Interest
Published: Sunday, October 15, 2006 Online-Casinos.com
PARTY GAMING FOUNDER SHOWS MOVIE INTEREST
With mega-bucks in his pockets, Russ DeLeon heads to movie conference
One of the founder directors of Party Gaming, lawyer Russ DeLeon plans to use some of his multimillion-pound fortune to become a film mogul, reports the Observer this weekend.
The Californian, now resident in Gibraltar, who started the online gambling business with his wife Ruth Parasol in 1997, wants to invest in new talent. DeLeon attended a conference of TV executives in the south of France last week to scout for ideas.
DeLeon says he is concentrating on a new career. "I'm kicking some tyres," he told The Observer, adding that he admired the output of the American film industry in the Seventies, widely regarded as the last great era in American cinema, when directors such as Francis Ford Coppola, Martin Scorsese and Robert Altman made iconic films. DeLeon cited Scorsese's Raging Bull and Coppola's Godfather trilogy as favourites.
DeLeon wants to identify a new generation of talented directors. He says he plans to attend the London Film Festival later this month and has already met some young directors.
DeLeon and his wife each made GBP 218 million when PartyGaming, set up in 1997, floated in June 2005. They and the company's other two founders Anurag Dikshit and Vikrant Bhargava cashed in a further GBP 232 million between them in June this year, months before US legislators acted. All four continue to hold substantial interests in the company.
"We were the fastest growing company in history," DeLeon said, describing the recent US crackdown as 'more than just a scare. This is the real thing. We'll have to shut down the [US] business for a while'.
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