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

Kings Cross property project backed by Teddy Sagi gets cash injection

Israeli property tycoon Teddy Sagi, who has chosen King’s Cross as his next area in London to invest in, on Monday secured funding to build flats and offices there. The founder of gambling software business Playtech will create 140,000 square feet of new ...
Posted: May 21, 2018, 3:49 am

Brack Capital Properties : Sagi selling Brack stake for NIS 1.4b

Feb. 18--Less than a year after businessperson Teddy Sagi acquired a 44% controlling interest in real estate company Brack Capital Properties NV (TASE: BCNV), he is selling it. German company Adler Real Estate today reported that it had contracted an ...
Posted: February 18, 2018, 12:43 pm

Investec helps fund Teddy Sagi-backed 140,000 sq ft King’s Cross development with £72m loan

Specialist banking group Investec has announced a £72m loan to the Labtech Group, a real estate development and investment business owned by Israeli billionaire Teddy Sagi. The loan will be used to fund the development of a major 140,000 square foot (sq ...
Posted: May 21, 2018, 5:31 am
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