Anurag Dikshit, the co-founder of PartyGaming, is set to sell his stake in the online gaming company. He is set to face sentencing for his in December 2010 after pleading guilty two years ago for breaking US online gambling laws. Dikshit has already paid over $300 million in fines after reaching a deal with US prosecutors, with many people believing that the billionaire will be able to avoid any jail time.

Dikshit has already cashed out for about 188 million pounds after his first set of PartyGaming shares were sold. The stocks fell by 16 per cent, but analysts feel that the share should rebound with the free float of the share. PartyGaming is now run from Gibraltar and is known for its online poker room PartyPoker.com. It was forced to leave the US in October 2006 after the Unlawful Internet Gambling Enforcement Act came into force.

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