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PartyGaming Founder Pleads Guilty of Internet Gambling

kijibe
15 Comments

Posted December 18, 2008 - By kijibe

Co-founder of online betting website called PartyGaming, Anurag Dikshit (yes, that's his real name) pleaded guilty in U.S. District Court for violating U.S. laws on Internet gambling.

Dikshit's company, which is listed on the London Stock Exchange, has been ordered to cough up $300 million in fines.

Yeow!

The Justice Dept. is accusing Dikshit (I can't say his name with a straight face) of "using the wires to transmit bets and wagering information." It's a grave and severe crime in our country because you can't gamble with online wagering sites if your feet are touching American soil.

This case against Dikshit is the most remarkable of its kind enforced by the US authorities banning Internet gambling. Our laws have been challenged previously as some see them as unfair trade restrictions. Even the World Trade Organization and the European Commission are investigating us to determine if our gambling ban discriminates against EU firms.

Really? Or are they just seeing this as a money maker that European countries aren't able to tap into with American gamblers? Think about it, the Justice Department said "during that time, a substantial majority of PartyGaming's online gambling customers -- who accounted for approximately 85 percent of PartyGaming's revenue in 2005 -- were located in the United States."

Surely other European countries want to tap into a potential revenue stream like this, no?

Since PartyGaming got busted, its had to stop taking wagers from about 900,000 U.S. players who love poker, blackjack, roulette and other games of chance.

Dikshit was declared by Forbes Magazine in 2006 to be the world's 207th richest person...what a lucky Dikshit...though I suppose he's just an unlucky Dikshit now.

Source

 

PartyGaming Founder Pleads Guilty of Internet Gambling
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