Party Gaming Founder Sells More Shares
Published: Friday, January 12, 2007 Online-Casinos.com
PARTY GAMING FOUNDER SELLS MORE SHARES
4.1 percent share in online gambling corporate sold
The London business press is reporting that marketing expert Vikrant Bhargava, one of the four founders of the Party Gaming group has just sold another 4.1 percent share in the company.
Both the Financial Times and The Independent are carrying the report about the industry executive, who reaped a GBP50 million windfall after selling some 160 million shares at 30.5 pence yesterday.
The deal leaves him with less than 3 percent of the shares, which have tumbled around 60 percent in the wake of the recent crackdown on internet gambling financial transactions in the US, where PartyGaming used to do much of its business.
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.
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