Online Casino BTDino

The blog for the online casino btdino contest

Saturday, October 15, 2005

Late night online

Although the company refused to comment last night, Vikrant Bhargava, PartyGaming’s marketing director, recently told The Times: “If we were to float in London there is a good chance we would be a FTSE 100 company.”

An IPO would crystallise huge paper profits for the handful of private investors who control PartyGaming.

They include Ruth Parasol, a colourful Californian lawyer who made her first fortune a decade ago through pornographic websites, and Anurag Dikshit, a computer services graduate from India. Mr Bhargava is also a small shareholder.

PartyGaming also has casino and bingo websites, although more than three-quarters of its business is derived from online poker, the fastest growing part of the gambling industry.

PartyPoker accounts for more than 50 per cent of the global online poker market. Launched in 2001, it now claims that 12,000 people are playing its online games at any one time.