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Ayer, Parasol, DeLeon fall from Forbes Billionaire list

9 March 2007

Several land-based gambling tycoons rank high on the Forbes billionaire list, but the Unlawful Internet Gambling Enforcement act has driven Bodog founder Calvin Ayre and PartyGaming founders Ruth Parasol and Russell DeLeon off the list.

Online Gambling hit hard

Calvin Ayre, playboy founder of the powerful Bodog brand, dropped off the list one year after making the cover. The Canadian-born Ayre cracked the list in 2006 when his net worth hit $1 billion, but with the UIGEA making it difficult for American players to move money into online accounts, his stock has fallen.

PartyGaming founders Ruth Parasol and Russell DeLeon were also hit hard when they decided the U.S. legislation meant they had to stop taking American play. Both founders graced the cover of last year's list with Ayre, but were unable to remain after PartyGaming stock took a large hit. Parasol and DeLeon were in the middle of the billionaire list in 2006, worth $1.8 billion each.

One online gambling entrepreneur managed to stay on the Forbes list. India's Anurag Dikshit finished 618th with a net worth of $1.6 billion. Dikshit developed the software that powered PartyGaming and helped Parasol and DeLeon in launching the brand. PartyGaming was the undisputed online gaming leader before the UIGEA passed last year.

Land-based tycoons doing well

Sheldon Anderson, the 75-year old owner of multiple casinos including the profitable Venetian in Las Vegas, tops the gambling world, according to Forbes. He finished sixth with a net worth of $26.5 billion.

Steve Wynn finished 264th on the list with a net worth of $3.4 million. The 65-year old Wynn recently expanded his gambling empire into Asia, opening the $1.2 billion Wynn Macau, and seems to be closing the gap with his rival.

Wynn also made the Forbes "Billionaire Blunders" segment for his gaff involving a Pablo Picasso painting. The art collector, who has an eye disease that limits his vision, recently put his elbow through Picasso's "La Reve" during a sale, reducing the paintings value from $139 million to an estimated $85 million.

William Boyd also made the list, finishing 664th. The 75-year old casino owner recently demolished the old Sands Casino, making way for the $4 billion Echelon Palace Hotel Casino and Condo complex. Boyd also has properties in Atlantic City including the Borgata and the MGM Mirage.

Ayer, Parasol, DeLeon fall from Forbes Billionaire list is republished from Online.CasinoCity.com.
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Best of Ryan McLane
Ryan McLane

Ryan McLane was a poker reporter for Casino City. Although he has a strong background in reporting, the same can't be said for his poker skills. He has never won a major tournament nor is he a professional player. He applied for this job thinking it was a joke, only to find it out that it's true, people will pay you to write about poker. His favorite word is ridiculous.

After receiving his BA in History from Stonehill College in Easton, MA, he somehow ended up freelance reporting for a couple years before being deployed to Operation Iraqi Freedom III with the Massachusetts National Guard. He's back now and is a strong advocate of the phrase "God Bless America."

Currently, Ryan lives in Boston and occasionally makes international treks to cover tournament poker and news. Feature writing is his passion and there is no need to ask for his opinion, he'll probably offer it first - free of charge.
Ryan McLane
Ryan McLane was a poker reporter for Casino City. Although he has a strong background in reporting, the same can't be said for his poker skills. He has never won a major tournament nor is he a professional player. He applied for this job thinking it was a joke, only to find it out that it's true, people will pay you to write about poker. His favorite word is ridiculous.

After receiving his BA in History from Stonehill College in Easton, MA, he somehow ended up freelance reporting for a couple years before being deployed to Operation Iraqi Freedom III with the Massachusetts National Guard. He's back now and is a strong advocate of the phrase "God Bless America."

Currently, Ryan lives in Boston and occasionally makes international treks to cover tournament poker and news. Feature writing is his passion and there is no need to ask for his opinion, he'll probably offer it first - free of charge.