Party Gaming Shares Slip
As reported by the UK Times Online: "Shares in online gambling giant Party Gaming slid this week as investors gave a cool response to four of its founders selling stakes in the group."House broker Dresdner Kleinwort Wasserstein raised £232m from the sale of 200m shares — about 5% of the company — at 116p each."Anurag Dikshit offloaded 57m shares, reducing his stake to 28.95%, while Vikrant Bhargava sold 67m, leaving him with 6.96%. Ruth Parasol and her husband, Russell DeLeon, both disposed 33m shares, leaving each with 14.87% of the company."Between them, the four founders still own 65.7% of Party Gaming…"
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