Teddy Sagi Net Worth is$1.8 Billion
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Nicknames: State of Israel
Teddy Sagi net worth: Teddy Sagi is an Israeli billionaire who has a net worth of $1.8 billion. Teddy Sagi is the founder of Playtech, a gaming software development company that provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games as well as fixed-odds arcade games online. In 1999 he established the company, while in 2006 he took it public on the London Stock Exchange. In the past two years he has increased his possession in the group, from 40% to nearly 50%, and he did so with a good reason. The market price of Playtech's share has almost doubled in the past year, adding hundreds of millions to Sagi's fortune. In addition to Playtech, he also owns several e-commerce services, an e-payment company, instant messenger service Messenger Plus and commercial real estate as well as various hotels in Europe. Reportedly, Sagi bought the most luxurious home in Israel for about $35 million. Being one of the most eligible bachelor worldwide, once he dated model Bar Refaeli. Thanks to his growing wealth, Teddy Sagi is one of 10 richest people in Israel.
Playtech Ltd. is a gaming software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Playtech was founded in 1999 by Teddy Sagi; it was floated early in 2006 on the London Stock Exchange at a price that valued the business at approximately A?550 million.
After the passage of the Unlawful Internet Gambling Enforcement Act of 2006, the company's stock suffered a one-day fall of over 40%.
On 22 October 2008, Playtech announced that it would acquire private assets from Teddy Sagi in return for $250 million. Then in March 2011, Playtech bought PT Turnkey Services from Teddy Sagi for A?125m.
Playtech employs circa 1,000 people (September 2011) in five countries: 10 in the Isle of Man where the headquarters are located, 123 in the United Kingdom, 171 in Israel, 154 in Bulgaria, 518 in Tartu, Estonia and 180 in Kiev, Ukraine.
iPoker is Playtech's poker platform. It was implemented in the UK by casino game designer Geoff Hall, inventor of Blackjack Switch and currently has more than 60 members of staff.

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Teddy Sagi Latest News

Teddy Sagi Buys Holborn Links For US$366 Million

After buying London’s popular Camden Market, Israeli billionaire Teddy Sagi is expanding his property portfolio in the British capital by purchasing Holborn Links Estate. Sources inform “Globes” that Sagi is buying Holborn Links for an estimated £ ...
Posted: October 13, 2016, 5:00 pm

Market report: Playtech’s bingo software swoop gets investors eyeing a full house

Playtech has acquired bingo software business ECM Systems which provides services to Mecca Bingo Rank Group Shareholders in Israeli gaming tycoon Teddy Sagi’s Playtech were betting on the firm hitting the jackpot on Friday with its acquisition of bingo ...
Posted: October 21, 2016, 4:48 am

Sagi's Citwax acquires £300m London portfolio

Register today to get access to Propertyweek.com, the UK's number one source for commercial property news. As a registered user you are entitled to access four articles per month and you can also sign up for our newsletters. Get all of the latest industry ...
Posted: October 12, 2016, 5:00 pm
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