Representatives of Playtech enterprise founder Teddy Sagi, have today disclosed that the Israeli billionaire has sold his entire remaining shareholding in the FTSE250 technology group. The family office of Teddy Sagi informs that personal investment fund ‘Brickington Trading Ltd’ has approved the sale of 15,193,489 shares in Playtech Plc targeting a £85-90 million transaction, administrated by Credit Suisse Securities. Updating the media, Sagi …
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Teddy Sagi sells 10% shareholding in Playtech Plc targeting $400 million cashout
Playtech founder Teddy Sagi continues to divest his shareholdings in the company, having issued a trading note detailing that personal investment vehicle Brickington Trading Limited is preparing to sell approximately 32 million share in Playtech Plc. Updating investors, Brickington will place approximately 10.1% of Playtech issued share capital up for sale. At present value, Playtech Plc shares are valued at …
Read More »Teddy Sagi sells 4.1% of Playtech to London hedge fund Boussard & Gavaudan
Updating Playtech Plc investors, company founder Teddy Sagi has filed an order to sell 13 million shares through his investment vehicle Brickington Trading limited to London hedge fund Boussard & Gavaudan. Sagi will sell the equivalent of 4.1% equity in Playtech Plc at a price of 872.5p per share, closing a £113 million funding round. Following completion of its sale, …
Read More »Teddy Sagi cashes in on 10% of Playtech Plc
Financial news sources have reported this morning, that Teddy Sagi, founder of Playtech Plc has sold 10% of his equity in the FTSE-listed gambling technology supplier. The news sees Sagi one of the UK’s richest businessmen reduce his stake in Playtech from 33.6 to 23.6%. The sale transaction of 32.2 million shares will be carried out by Sagi’s investment firm …
Read More »bet365 Coates family highest ranking digital owners in The Sunday Times Richlist
bet365 owners the Coates family have been ranked 24th in The Sunday Times Richlist for 2016, with an estimated wealth of £3.8 billion. The UK newspaper reports that Denise (CEO), brother John (Co – CEO) and father Peter (Chairman) combined wealth gained £1.4 billion in the past twelve months, moving the Coates into the top 25 richest people living in …
Read More »NetPlay TV ends pursuit of The Football Pools
Interactive gaming operator NetPlay TV has confirmed that it has ended its pursuit of Sportech asset The Football Pools (UK). Issuing a short corporate update, the operator confirmed that it had ‘terminated talks’ with Sportech governance regarding its interest in the division. “After careful consideration the company has decided not to enter into this process and has therefore terminated discussions,” …
Read More »Netplay TV looks to take over the Football Pools
Netplay TV has asked for its shares to be suspended on the AIM after an announcement that it was considering a reverse takeover of the Sportech owned football pools business estimated to be worth around £100m. The football pools, formerly the backbone of the gambling industry in the UK, still attracts 300,000 weekly players though this is down from 10m at …
Read More »Playtech plans £250 million fundraise for Plus500 acquisition
Igaming technology provider Playtech has announced that it plans to raise £250 million to fund its planned £450 million acquisition of financial trading platform Plus500. Playtech is prepared to sell +29 million new shares, an equivalent of a 9.9% stake in the company. Playtech founder Teddy Sagi will retain 33% holding in Playtech via Brickington Holdings Company, Sagi is prepared …
Read More »Gambling industry tycoons feature in Sunday Times Rich List
Billionaire brothers David and Simon Rueben co-owners of Arena Racing UK, have featured as the highest placed Brits in the 2015 Sunday Times Rich List. The Sunday newspaper estimates the brothers to be worth a combined £9.7 billion. The Rueben brothers are reported to have earned an additional £700 million in 2014, through diverse investments in property, digital services and …
Read More »Playtech acquires 91% stake in TradeFX with €208 million cash offer
iGaming technology and software provider Playtech Plc has conditionally agreed to acquire a 91% stake in currency trading and binary options operator TradeFX Limited. The acquisition deal for TradeFX is potentially worth €458 million, as Playtech are prepared to make an initial cash payment of €208 million, combined with corporate performance related caveats valued at an additional €250 million. TradeFX …
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