Partypoker’s founders to become billionaires
There’s a piece in Salon ("Earning $58,000 an hour") about the founders of PartyPoker.Com, a former porn actress and a graduate of India’s most prominent technical college, IIT. Their stakes on the company will be worth about a billion pounds a piece after the IPO, though they aren’t being allowed to cash out all of it.
(Thanks for the tip, Aaron!)
Of course, nothing’s that easy. Large institutional investors in the US are nervous about buying into the company, since in theory they’d be investing in something that’s illegal here in the United States. (US Gambling Laws Threaten 5.5 bn pound float, UK Observer)