PartyGaming founder pleads guilty, to forfeit 300 mln dlrs

A man plays poker on his computer connected to an internet gaming site from his...

NEW YORK (AFP) – - The co-founder of an online betting website listed on the London Stock Exchange pleaded guilty on Tuesday to violating US laws against Internet gambling and agreed to forfeit 300 million dollars.

Anurag Dikshit, 37, a former director of PartyGaming PLC, pleaded guilty in US District Court here to one count of “using the wires to transmit bets and wagering information,” the Justice Department said in a statement.

Judge Jed Rakoff set sentencing for December 16, 2010.

Dikshit, who still holds a major stake in the online betting company, could face a maximum of two years in prison but appears unlikely to face any time behind bars because of his plea agreement…

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