Vikrant means powerful, courageous, and conqueror of the
world, and he certainly lives up to his name when it comes to
the impact he has had on the online gambling industry. Vikrant
is well-known for his contributions to PartyGaming during his
time serving as their marketing CEO.
Party Poker’s net revenue dropped from $295 million in 2007 to $274 million in 2008. Despite what the earnings report described as a “soft performance” from their online poker branch, PartyGaming still managed to produce net revenue of $472.9 million last year. Take a look around and jump in on a game you like the look of – whatever your game, there’s something just right for you. You can practice and learn the game by playing free poker. In 2011, PartyGaming merged with Austrian online gambling company bwin Interactive Entertainment to form a new company, Bwin.Party. Bwin had operated a poker room on the Ongame network and migrated its players to partypoker’s network after the merger. End game nears in PartyGaming poker match. When PartyGaming’s four founders pitched up in London in June 2005, they must have half-expected the City’s card-sharps to call their bluff. Partypoker (formerly stylized PartyPoker) is an online poker card room. Launched in 2001 by PartyGaming, the site has had up to 80,000 players logged-in and was the largest online card room until 2006. In 2011 PartyGaming merged with bwin to form Bwin.Party Digital Entertainment. As of 2017, it remains among the largest online poker card rooms.
He helped them launch PartyPoker.com, which was a huge
milestone for the company. Vikrant added to the success of the
company through his unique marketing strategies and his
dedication to customer service. Even though Vikrant left
PartyGaming in 2006, these are still values that the company
holds on to today.
Early Life
Vikrant Bhargava was born in Jaipur, India in December of
1972. Throughout high school Bhargava was always at the top of
his class; his favorite subjects were math and science.
In 1994, Bhargava first earned a Bachelor’s Degree in
Technology in electrical engineering from the Indian Institute
of Technology located in Dehli. He later attended and graduated
from the Indian Institute of Management in Calculatta, earning a
Postgraduate’s degree in management nearly two years later.
Before heading over to the gambling industry, Bhargava worked
as the credit officer of Bank of America where he was
responsible for managing credit exposure for the corporate
clients in his firm. He also worked in the business analysis
division of British Gas, an energy provider that works out of
the UK.
Association with PartyGaming
Since Bhargava had attended school with Anurad Dikshit, the
software developer for PartyGaming, he already had connections
to the company. He sent a resume over to Dikshit, who was quick
to recommend him to his boss, Ruth Parasol. In 2000, he accepted
a job offer from her, joining the PartyGaming team as their
marketing director.
Just one year later, Bhargava managed to launch
PartyPoker.com, and was named CEO of that division. He focused
on having an excellent customer service department, which came
from his background in customer service from his previous jobs.
He also was responsible for coming up with creative marketing
techniques for the company.
It was Bhargava’s idea to invite Hollywood celebrities like
Nicole Kidman and Ben Affleck to join in their marketing efforts
by playing in a televised poker tournament sponsored by
PartyGaming. Their tournaments took place on fancy cruise ships,
and they offered lucrative prizes of over one million dollars.
These tournaments generated nearly 13 million viewers each time
they took place.
Bhargava also focused on explaining the appeal of online
gambling to his customers, saying that unlike brick and mortar
casinos, it provides an opportunity for players to gamble for
low stakes from the comfort of their own homes.
He also helped the company expand by aiding in the
development of partycasino.com, a virtual online casino and
partysports.com, an online network for sports bettors. In early
2006, Bhargava also thought it would benefit the company to
offer multi-lingual versions of poker and more currency options
so that they would be able to attract more customers from
outside of the United States.
It was almost as if Bhargava could see into the future,
because later that same year the United States issued the
Unlawful Internet Gambling Enforcement Act. This caused
PartyGaming to stop serving US customers, which had been their
main source of revenue up to that point.
Party Casino Poker
In May 2006, after this act was instated, Bhargava left
PartyGaming for good with plans to set up Veddis Ventures. This
new company, founded by Bhargava, is an independent investment
company that operates out of London.
Personal Life
Bhargava admits that he has never actually played a hand of
poker before in an actual casino, but he does enjoy playing it
online. He still owns about 8.6 % of PartyGaming’s shares and
uses the proceeds from the company to fund his other business
endeavors.
He still has a major role in the operations of Veddis
Ventures by providing entrepreneurs with management expertise
and the necessary capital to get their companies off the ground.
As a young entrepreneur himself, he loves being able to
encourage others who are trying to start their own businesses.
Bhargava is currently married to his Surabhi Bhargava, and
they have two children together. In his spare time he enjoys
travelling the world with his family and photographing every
moment along the way. He aspires to be a professional
photographer someday.
Type | Public |
---|---|
Industry | Online poker |
Founded | 2001 |
Founder | Ruth Parasol, Anurag Dikshit, Vikrant Bhargava |
Worldwide | |
Key people | Tom Waters, Head of Poker |
Owner | GVC Holdings |
Website | www.partypoker.com |
partypoker (formerly stylized PartyPoker) is an online poker card room. Launched in 2001 by PartyGaming, the site has had up to 80,000 players logged-in and was the largest online card room until 2006. In 2011 PartyGaming merged with bwin to form Bwin.Party Digital Entertainment. As of 2017, it remains among the largest online poker card rooms. The site is endorsed by Mike Sexton, the host of the World Poker Tourtelevision show. The domain partypoker.com attracted at least 3.6 million visitors annually by 2008 according to a Compete.com study.[1] In 2016, after a protracted bidding process between 888 Holdings and GVC Holdings, Bwin.Party Digital Entertainment accepted GVC Holdings' bid for £1.1 billion. Today, the site is run by GVC Holdings and is available in 14 different languages. In addition to partypoker.com, partypoker also offers dedicated networks for French and Italian based players via partypoker.fr and partypoker.it, respectively. GVC Holdings also acquired Partycasino during the 2011 merger of Party Gaming.
partypoker offers a wide variety of different tournaments with different prize levels for single-table tournaments as well as multi-table tournaments. partypoker's Sit & Go tournaments run 24 hours a day and players can register for tournaments with entry fees starting at $1, and ranging in size from 2 to 50 players.
Cash games[edit]
The games include Texas Hold 'em (No Limit and Fixed), Omaha and Omaha Hi-Lo, 7 Card Stud and 7 Card Stud Hi-Lo. The stakes can range from .01/.02 to 100/200. In 2012 partypoker removed its high-stakes cash games with the highest stakes at $10/$20.[2][3][4]
Party Poker formerly offered a bad beat jackpot.
partypoker also offers FastForward cash game format. Every player is automatically re-seated to another random table immediately after they fold their hand or after the hand is over. This format is very popular by players and poker rooms. It is faster and offers a higher level of security as it is a lot more difficult for two or more players to participate in collusion.
Tournaments[edit]
The site offers a variety of tournaments, ranging from 10 to thousands of participants. Single-table and multi-table sit n' go tournaments are offered as well as scheduled tournaments.
partypoker hosts the partypoker Million. This tournament begins with online qualifiers, but the final stages are held at actual poker tables aboard a cruise ship. The winners of previous Party Poker Million events were Kathy Liebert, Howard Lederer, Erick Lindgren, and Michael Gracz.
History[edit]
partypoker was the largest online card room until 2006 when it left the US market due to the Unlawful Internet Gambling Enforcement Act of 2006. PokerStars has since claimed the title.[5]
In 2014, partypoker plans on returning to the US market for real money players, but on March 1, 2017, it still does not accept US players except for the state of New Jersey.[6]
In 2015, partypoker partnered with Dusk Till Dawn and later hosted 'The partypoker Grand Prix'.[7][8]
In 2017, the casino hosted the partypokerLIVE MILLIONS Dusk Till Dawn festival. The £5,300 main event generated a prize pool of £6,017,395. Maria Lampropulos won the main event earning £1,000,000.[9] The £10,300 High Roller event was won by Vojtech Ruzicka, earning him US$363,135.[10]
In February 2018, partypoker relaunched their Team Online, with Matthew Staples first to be signed.[11] The new measures extend across all of the countries in which it operates with brands including Bwin, PartyPoker, Ladbrokes, Coral, FoxyBingo and BetMGG.[12]
In December 2020, GVC holdings, who own PartyPoker, changed their name to Entain in a global rebrand.[13] The new measures extend across all of the countries in which it operates with brands including bwin, PartyPoker, Ladbrokes, Coral, FoxyBingo and BetMGM and their affiliate programs.[14]
Televised events[edit]
partypoker hosts two televised events:
A cash game known as the partypoker The Big Game and the partypoker Premier League a tournament structure league.
Party Gaming Poker
References[edit]
- ^partypoker attracts almost 4m visitors online yearly
- ^Matthew Pitt (2012-07-19). 'partypoker Remove High Stakes Cash Games In Unprecedented Step'. PokerNews Global. Retrieved 2014-12-22.
- ^Rebecca McAdam (2012-07-20). 'partypoker.com Disables High Stakes Cash Games'. cardplayer.com. Retrieved 2014-12-22.
- ^Dan Katz (2012-07-24). 'partypoker Eliminates High Stakes Cash Games'. pokernewsdaily.com. Retrieved 2014-12-22.
- ^'History of Party Poker Part of Partygaming'. Gambling Sites. Retrieved 2014-12-22.
- ^'US Party Poker to Return Soon'. uspokersites.us. Retrieved 2014-12-22.
- ^'UK poker growth on the cards with DTD/partypoker partnership'. partypoker. 2015-02-19. Retrieved 2018-03-14.
- ^'Dusk till Dawn Info'. partypoker.com. Retrieved 2018-03-15.
- ^zedmaster84 (2017-04-23). 'Maria Lampropulos Wins the 2017 partypokerLIVE MILLIONS Dusk Till Dawn Main Event (£1,000,000)'. PokerNews. Retrieved 2018-03-15.
- ^Zetzsche, Christian (2017-04-19). 'Vojtech Ruzicka Wins the 2017 partypoker LIVE MILLIONS Dusk Till Dawn £10,300 High Roller'. PokerNews. Retrieved 2018-03-15.
- ^https://www.directorstalkinterviews.com/entain-becomes-the-first-global-sports-betting-and-gaming-operator-to-gain-a-licence-in-latin-america/412946537
- ^https://poker.partypoker.com/en/p/team-partypoker/index
- ^https://www.directorstalkinterviews.com/entain-becomes-the-first-global-sports-betting-and-gaming-operator-to-gain-a-licence-in-latin-america/412946537
- ^https://theaffiliatemonkey.com/best-gambling-affiliates/