Tag Archives: teddy sagi

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 …

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,” …

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 …

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 …

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 …

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 …