1. #1
    Illusion
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    Online gambling entrepreneur Ruth Parasol listed among Forbes 400 richest

    #164 Ruth Parasol
    Net Worth: $1.8 billion
    Source: Gambling /Leisure, online gaming
    Self made

    Age: 38
    Marital Status: Married, 2 children
    Hometown: Gibraltar
    Education: University of San Francisco, Bachelor of Arts / Science
    Western State University College of Law, Doctor of Jurisprudence

    With husband J. Russell DeLeon, owns 32% of Internet poker site PartyGaming (each holds a 16% stake). Lawyer Parasol studied at U. of San Francisco, served as adviser for father's phone-sex-chat business. Moved to Internet porn sites; litigation threats prompted switch to online gambling. Launched Starluck Casino 1997. With partners developed online casino software; enabled gamblers around the world to play one another in poker. Problem: 80% of customers live in America, where online gambling is illegal. Solution: don't operate on U.S. soil; servers, employees based in Gibraltar, India, England, the Caribbean. Took public on London exchange in June; stock down 48% since Sept. 6 announcement of slower revenue growth and increased competition. But sales robust: up 1,900% in last 2 years. No longer active in management; still serves as a consultant.

    Through phone sex, then Web porn and most recently online poker, the 38-year-old lawyer has leveraged a succession of new technologies to become a self-made billionaire whose net worth rivals those of Internet entrepreneur Mark Cuban and Las Vegas mogul Steve Wynn.

    Like Cuban, Parasol was quick to recognize the Internet's power to transform daily life. And like Wynn, she understood the financial upside of gambling even though the Justice Department says most of her customers are breaking the law when they ante up at Parasol's PartyPoker.com.

    But unlike Cuban and Wynn, who have grown famous, few outside the porn or gambling industries have heard of Parasol, a mother of two from Marin County who shuns publicity and lives in the Mediterranean tax haven of Gibraltar.

    In industries full of sharpelbowed men and sometimes shady characters, Parasol stands out. People who know her describe Parasol as "drop-dead gorgeous," a tough negotiator and a skillful investor who uses her legal training to navigate at the fringes of the law.

    SBR Founder Join Date: 8/9/2005


  2. #2
    probettor1
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    Now gamblers know where is their money going.
    Last edited by probettor1; 06-24-12 at 06:58 PM.

  3. #3
    InTheDrink
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    Quote Originally Posted by Illusion View Post
    People who know her describe Parasol as "drop-dead gorgeous,"
    nudes or gtfo

  4. #4
    Ghenghis Kahn
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    Quote Originally Posted by probettor1 View Post
    Now gamblers now where is their money going.
    what? speak english.

  5. #5
    Br0nxer
    July 2012 Poster of the Month
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    Photobucket

  6. #6
    probettor1
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    Quote Originally Posted by Ghenghis Kahn View Post
    what? speak english.

  7. #7
    gregm
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    That actually is an older article, she is not 38 and I doubt she was as worth as much as that article states especially after PartyGaming took that big hit after UIGEA, but she is on the sunday times rich list so who knows. http://www.therichest.org/nation/richest-woman-in-uk/.

    Sex and gambling , pretty powerful combination and a pretty fascinating woman

    http://www.guardian.co.uk/technology...ness.gambling1

    http://en.wikipedia.org/wiki/Ruth_Parasol#cite_note-3
    Last edited by gregm; 06-24-12 at 10:12 PM.

  8. #8

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