PartyGaming founder Anurag Dikshit is to settle with US authorities

Several UK services have announced PartyGaming co-founder Anurag Dikshit to have agreed to plead guilty to one or more charges related to illegal online wagering, and paying US authorities a fine reported as $300 million (£196 million). 

Dikshit owns 27% of PartyGaming, husband and wife DeLeon and Parasol retain 14% of the company each. Dikshit, born in India, is under the risk a jail term of up to two years by entering the US to make the plea agreement. Parasol and DeLeon, are reported not to be seeking to negotiate with the US. 

PartyGaming is an online gaming company publicly traded at London Stock Exchange. Along with many other companies of the industry, PartyGaming has seen its stock value affected by US's 2006 UIGEA and subsequent prosecutions. 

According to the UK reports PartyGaming is expected to report to the London Stock Exchange on Tuesday regarding Dikshit's plea arrangement.