Posted on 11/23/2005 10:00:55 PM PST by JTN
Gambling lore is filled with tales of the lucky novice who walks into a casino and breaks the bank. This year it really happened. The fortunate neophyte is Vikrant Bhargava, who is from Rajasthan, India, and admits that he had never set foot in a casino until recently and still isn't all that fond of gambling. But in a single day in June, he and two colleagues walked away with the poker purse of all time: more than $1 billion in cash.
What distinguishes reality from myth is that Bhargava, 32, wasn't playing poker. He is the marketing director of PartyGaming, a company based in Gibraltar that operates the world's largest online poker site, PartyPoker.com Bhargava joined the firm in 2000 when it was an Internet start-up based in the Dominican Republic that was trying to establish a niche in the then novel world of online gaming. Today PartyPoker boasts that more than a million people have played for money on its site this year, the vast majority of them Americans, who are technically circumventing the law, according to the Department of Justice (DOJ).
Flush with success--and with profit margins of 60%--the firm went public on the London Stock Exchange this summer. The June 27 IPO, which valued PartyPoker at $10 billion, was Britain's biggest this year. Bhargava shared the pot with two other reclusive co-owners: a Net pornographer named Ruth Parasol, who switched from carnality to cards in the late 1990s, and Anurag Dikshit, an Indian software whiz whom Bhargava met when both were students at the Indian Institute of Technology in Delhi. They are not three of a kind, but they did cash out about one-fifth of the company.
(Excerpt) Read more at time.com ...
Ping
MY question is, these f***ers in Congress outlaw email spam but THEY DO NOTHING TO OUTLAW SNAIL MAIL SPAM. WHY?
But......gambling OFFENDS some people!
/runs and hides
Outsourcing vice?
Given that they're almost certainly Hindu, I doubt they give a crap.
Ever notice how "vices" are always acceptable as long as the government gets its cut of the profits? The college I go to used to be a dry town, until the state government put in a state store to sell liqueur even though there was no vote on it (and might i add, alot of people were p*ssed). I say who cares. The casinoes havent had a drop in revenue have they?
No, it's people who say things like this who are the idiots.
Ever gone to see a movie? OMG! Sucker! You lost ten bucks! What a fool! You must be really bad at math, huh?
Gambling is entertainment. Entertainment costs money. People who understand this have fun. People who don't call people who do idiots.
That depends on the type of gambling. There are some forms (poker, horse racing, sports betting) in which the house does not actually gamble, but instead takes a cut of the pot. A skillful gambler can come out ahead in these, and in fact many people support themselves this way - the best do it to the tune of millions of dollars a year. As for the rest, #11 is correct; it should be treated as entertainment. Of course, sadly, some people don't.
The names are Hindu.
That was sarcasm on my part.....
Now there's a fun last name to go through life with.
Be the house...Sell shovels and picks to the miners...
Gambling isn't a thing. Its an expression and manifestation of human nature...it is an abstract.
Be the house...
and Anurag Dikshit, an Indian software whiz whom Bhargava met when both were students at the Indian Institute of Technology in Delhi.
Uhhh.......Yeah....Looks like they must be......:-0
Not to mention his first name.
None of us would ever do this over the internet. Besides, the cigars and brandy don't quite work so well over a DSL line. LOL
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