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PartyGaming founder to pay out $300m
- mattmaroon 18y agoI've met the unfortunately named Mr. Dikshit and he was a bit of a douche. He was splashing around chips and bragging about how rich he was. So while I hate to see this happen to the industry, especially given that what they did probably wasn't illegal, I have a hard time feeling sorry for him in particular.
- deleted 18y ago[deleted]
- vaksel 18y agowhy is online gambling illegal anyways?
- burnout1540 18y agoBecause Las Vegas casinos and their highly paid lobbyists want it to be illegal. They'd actually prefer it to be illegal for anyone but them to run a casino online, but having it be illegal for everyone is the next best option. The government (both state and federal) would also prefer to get a cut of gambling profits. On a state level, the three states with the most explicit anti-online gaming laws are three states with sizable casino operations: Nevada, Louisiana, and California.
- mattmaroon 18y agoIronically they've largely reversed their opinions on that, especially now that their occupancy rate is half of what it was a year ago. Now they want it to be licensed and they want in on the action.
- peter123 18y agothese guys were at some point richer (on paper) than the google guys, when their stock price was inflated.
- mattmaroon 18y agoTheir stock price was never really that high relative to earnings. The threat of U.S. government action kept it in check. That company was making eBay like profits with even better margins and their growth was strong.
- zandorg 18y agoLet's hope he doesn't try doubling up at roulette to win it all back...
- pwim 18y agoChange Authorised=false.html to Authorised=true.html to read the article without signing up.
- helveticaman 18y agoThis is a knock against FT's credibity. How can their business advice be relied upon when they can't get the human resources together to make a paywall instead of a payhurdle?