According to Forbes Magazine, PartyGaming Plc founders, including its main founder Ruth Parasol, placed close to 9% of the company's shares (valued at $840 million USD) up for sale earlier today. At the close of the market, only a 5% stake on the company was sold at a share price that was less than expected. Reuters has an updated story here.
By Christine Mingie
- Two Former Neteller Executives Arrested in US
- Man to Plea In Tocchet Gambling Case
- James Giordano Held Without Bail
- Manitoba to Give Gaming Revenue to Aboriginal Groups
- 27 Individuals and 3 Corporations Indicted in US for Illegal Online Gambling
- BetOnSports Plc Agrees to Permanent Injunction Shutting It Out of the US Market
- Ontario Plans to Ban Advertising of Offshore Internet Gambling Sites
- US Senate Approves Anti-Online Gambling Legislation
- Austrian Online Gambling Executives Held in France
- Dick Peters Allowed to Leave the US
January 2007
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