Online gambling IPO earns billions

Internet, Technology No Comments »

Wow, if you thought there was no money in online gambling, you would be wrong. An ex-porn business owner, her husband and two others will cash in $1.4 billion and have shares worth an additional $6 billion.

According to the Reuters story, Ruth Parasol and her husband Russell de Leon, both lawyers, are each set to cash in around $370 million and still own a combined stake worth about $2.7 billion.

Anurag Dikshit, group operations director, is the biggest shareholder. He will cash in shares worth about $720 million and still own a 30 percent stake worth over $2.6 billion.

Marketing director Vikrant Bhargava’s remaining 9 percent stake and cash from the IPO should be worth almost $1 billion.

The downside — and there always seems to be a downside — the group could face jail time if the U.S. decides to clamp down on online gambling.

It’s our Wedding Anniversary

Life 6 Comments »

Thirteen years ago today, Monique and I got married. At that point in our lives it was really a formality — we already bought a house, had joint checking accounts and had lived together in an apartment for a couple of years.

That many years certainly brings with it a few trials and tribulations, but all in all it’s been quite a journey. I can’t imagine life without Monique and luckily, I don’t have to.

Smartest thing I’ve ever done.

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