The lack of a major sporting tournament this year has failed to knock the owner of online gambling brands Sportingbet and Bwin, as the acquisition-hungry firm said it would not rule out another deal. GVC Holdings is set to become the latest major gambling brand to change its name. It management team plan to scrap the GVC Holdings name and rebrand as simply Entain. The move, which is subject to shareholder approval, is to reflect the company's ambition to become number one in sports betting. Interview with the Man behind Dusk Till Dawn and the ISPT Barry Carter talks to Rob Yong, the owner of poker club Dusk Till Dawn (who has guaranteed €1 million for the winner at the International Stadiums Poker Tour). Learn about the businessman behind one of the biggest poker stories of the year.
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The initial idea for PartyPoker came from one of the company's founders, Ruth Parasol, an American born in San Francisco.
This was a very lucrative business in the 1990s, giving Parasol an excellent base of income to invest in her own business.
In 1994, Parasol saw the potential in the Internet (many of her father's businesses were moving from telephone to online). In fact, one of her companies was responsible for the release of the massively in-demand Tommy Lee/Pamela Anderson sex tape.
Being in the porn business, it wasn't long before Parasol made her way into the other vices; she saw the rise of online gambling sites very early on and was able to leverage the massive databases of her and her father's companies when she launched the Starluck online casino in 1997.
As there weren't that many online casinos in the market at that time, Parasol was able to capture a significant number of real-money players to her casino brand. She opened a couple of other brands to help cross-promote to her growing database.
As the 2000s began, online poker was starting to enter the conversation, and Parasol knew she needed to be in that game.
This was a very lucrative business in the 1990s, giving Parasol an excellent base of income to invest in her own business.
In 1994, Parasol saw the potential in the Internet (many of her father's businesses were moving from telephone to online). In fact, one of her companies was responsible for the release of the massively in-demand Tommy Lee/Pamela Anderson sex tape.
Being in the porn business, it wasn't long before Parasol made her way into the other vices; she saw the rise of online gambling sites very early on and was able to leverage the massive databases of her and her father's companies when she launched the Starluck online casino in 1997.
As there weren't that many online casinos in the market at that time, Parasol was able to capture a significant number of real-money players to her casino brand. She opened a couple of other brands to help cross-promote to her growing database.
As the 2000s began, online poker was starting to enter the conversation, and Parasol knew she needed to be in that game.
In 2000, Parasol offered shares in her company iGlobalMedia to Anurag Dikshit, a software developer from India, in return for his development of a multiplayer poker platform. Dikshit had a very successful business of his own, and he invited Parasol to become a partner in his business as well.
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The two added two more founders to the initiative: Parasol's husband Russ DeLeon would become the COO, and Vikrant Bhargava would head up marketing. With that, the core of PartyGaming was formed.
Party Poker Owner
PartyPoker was launched in 2001, with the company also offering other operators the chance to share in pooled liquidity by licensing a 'skin' of the game on the same network. Several big casino sites jumped at this opportunity, and the iGlobalMedia poker network was live.
