Online Casino Beginnings
Party Gaming is in some deep water with the US government – which isn’t
altogether new news considering the company has been in negotiations with the US
Department of Justice for nearly two years at this point. The latest information
though indicates that Party Gaming may be quite close to a settlement agreement
– at least one of the founding members seems to have reached a resolution. Party
Gaming was hit very hard by its withdrawal from the US online casino gambling
market and despite the loss of funds, market, and viability, the company
smoothly transitioned into the UK market and began negotiations with the US
government putting the entire situation in the past – this meant fines and
penalties for pre-UIGEA activities.
As the penalty totals and results are soon to be announced, it’s valuable to
look back at the early days of Party Gaming. The online casino gambling company
was a top ranked gambling group with a huge share of the US market – in fact
nearly 70 percent of the company’s revenue came from US gamblers prior to the
2006 withdrawal from the US market. The company was founded by four partners and
though it wasn’t an instant success, by 2005 the company was making hand over
fist in money and the founding members joined the billionaires club.
Anuarag Dikshit, one of the founding members, is responsible for Party Gaming’s
highly successful scaleable online casino gambling platform – his design allowed
the company and gambling site to accommodate for rapid growth within the US
market. |