Tuesday, October 20, 2009

Dikshit Cashing Out of Party Poker; Giving Proceeds to Charity

By Pauly
Los Angeles, CA

Yes it's true according to Forbes piece... Online Gambling Billionaire Cashes In: Anurag Dikshit is giving all the proceeds from his PartyGaming sale to charity.

FYI... Charity is not the name of a stripper. At least, none that I know of.

This isn't the first time that Dikshit ha given away money to a charity. He heard that the U.S. Department of Justice was having a bake sale, so he bought $300 million worth of DOJ cookies.

The immediate result of Dikshit's move to sever all ties to Party Poker? Shares of Party Gaming plummeted on the London Stock Exchange over 15.6%. I hope you were shorting PYGMF and if you didn't short your position... well, that's one last bad beat that Dikshit issued before he left the industry.

A friend of mine (former trader in the trenches of Wall Street) thinks that Dikshit knows that the UIGEA will not be overturned anytime soon so he's cashing out his big stack worth over $350 million. Personally, I think Diksit trying to improve his karma by giving away the money he made through the murky world of online gaming. Bottom line, he's going to be helping out kids who need it. Not everyone is a greedy fuckhead. It's about time there was a feel good story in poker.

Then again, saving a lost soul on the pole would be nice too.

Original content written and provided by Pauly from Tao of Poker at www.taopoker.com. All rights reserved. RSS feeds are for non-commercial use only.

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