Key Takeaways
- As part of the license process to offer online gaming in the state, key shareholders are required to file personal applications and seek individual licensing.
- The couple have opted to divest their shares, “pursuant to a divorce settlement and for reasons of privacy,” according to the financial statement issued Thursday.
- PartyGaming floated on the London Stock Exchange in June 2005 and, at its peak in 2006, Parasol was listed #197 on the Forbes List 400.
- In April 2009, the company settled with the United States government, agreeing to pay a $105 million penalty in a non-prosecution agreement, and admitting to processing transactions “contrary to certain US laws.”.
PartyGaming Founder Ruth Parasol DeLeon and partner James DeLeon have opted to divest their shares in bwin.party ahead of licensing in the state of New Jersey.
