Mike Sexton Loses $500Million In Party Poker Deal
What seemed like a shrewd move at the time turned out to be not so in hindsight. The Poker Hall of Famer estimates that he lost $500 million by selling his stock early.
The "Ambassador of Poker" is best known as host of the World Poker Tour and spokesman for PartyPoker.
Sexton was born Sept. 22, 1947, and says he "majored in poker" while working toward his degree at Ohio State University. He's also a bridge player and taught the game in North Carolina. He took up poker in 1977, and in 1985 he moved to Nevada to pursue the game full time. In 1989 he won the stud event and a bracelet at theWorld Series of Poker. He also placed fifth in the 2005 National Heads-Up Poker Championship and won the 2006 WSOP Tournament of Champions for $1 million.