Poker Site PartyGaming is Set to Go Public
June 8, 2005 -- Poker site PartyGaming is set to go public and potentially make billions for the former porn entrepreneur and
computer wiz who started it.
In 1998 a California porn princess commissioned a 25-year-old Indian
computer wiz to write a piece of software. Trained as a lawyer, Ruth Parasol had made a small fortune in online pornography after starting, according to legend, with a couple of sex phone lines given to her by her father as an unorthodox teenage birthday present.
She had sold all her porn interests and it was time to invest the proceeds. Online gambling was the new buzz and she found a friend of a friend, Anurag Dikshit, a computer engineering graduate from the Indian Institute of Technology, to create a program for casino games such as roulette.
The extraordinary result of that meeting was seen Thursday when PartyGaming, the company they created, announced plans to float on the London stock market. Its PartyPoker Web site is the dominant force in the explosive online poker market, and the business will be valued at up to $10 billion -- only a little less than Marks and Spencer, or the combined value of British Airways and EMI."
To download the latest release of the partypoker software and find more information on the bonus awards available, visit www.gotbonus.com
Poker Site PartyGaming is Set to Go Public