March 17 - Online gambling billionaires are feeling the heat of the new US
legislation banning online casinos. Industry tycoons
like Bodog founder Calvin Ayre and PartyGaming founders Ruth Parasol and
Russell DeLeon have slipped out of Forbes magazine's billionaire
list...
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Bodog.com |
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Ayre, who founded the powerful Bodog brand, has now dropped out of the list
almost exactly a
year after appearing on the cover. Ayre, a Canadian, was estimated to be worth
$1 billion when he made the list. With UIGEA it has been almost impossible for
most players to move money to online casinos and this in turn has caused many
gaming stocks to fall dramatically.
On the PartyGaming front, Parasol and DeLeon were worth around $1.8 billion each
at the end of 2006, but their position weakened in 2007 as a result of the UIGEA
and PartyGaming's withdrawal from the US market.
India's Anurag Dikshit is still on the list. He developed the software that powers PartyGaming.
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