Teddy Sagi – Founder of Playtech

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Teddy Sagi an Israeli businessman and founder of the Playtech software company and owner of London’s Camden Market. In 2015 Teddy Sagi reached number seven on Forbes list of the Top Ten Richest People in Israel with a current net worth of £3 672 billion.

He was born in North Tel Aviv, Israel, in 1972 and spent a good portion of his childhood in the Shikun Lamed neighbourhood, a moderately residential area. His father owned a travel agency, and his mother was a certified cosmetician.

From a very young age, Teddy was taught the importance of hard work and determination. By 2015 he was number seven on the Forbes list of the Top Ten Richest People in Israel. Sagi’s mantra is, “To be a billionaire, first, you must make millionaires in your team.”

Teddy’s Business Life

Teddy Sagi founded the gambling software company Playtech in 1999 and built it into a $700 million company that trades on the London Stock Exchange. He then sold 12% of Playtech for $400 million in 2016 and the balance thereof in November 2018 for $88 million. Playtech is not his only achievement. He has taken three other companies public on London’s AIM, and they are Market Tech, the online payments processor SafeCharge and his cybersecurity company Kape.

In 2019 Teddy Sagi sold SafeCharge to a Canadian company Nuvei for a whopping $889 million, and today he is listed as number 539 in Forbes list of global Billionaire’s.

Teddy Sagi and Playtech

Teddy Sagi launched Playtech in 1999, one of the world’s largest online gaming software providers. His start-up costs were astronomical as he hired only the most qualified developers and mathematicians. Moreover, to ensure his software was top of the range.

Did you know? The first European Online Casino to take their products online used Playtech software.

Some of Playtech’s well-known clients include William Hill, Casino.com and Titan Casino. They offer various games, including Baccarat, Bingo, Poker, and Roulette Blackjack and slots. Some of their slots get based on popular movies such as Terminator, Robo Cop and DC Comics Justice League

Final Thoughts

Playtech currently has 3000+ employees across nine different countries. Its headquarters is in the Isle of Man. They also have connections to Cyprus, Bulgaria, Israel, Estonia, Sweden, the Philippines and the United Kingdom. However, Teddy Sagi currently only owns 6.3% of Playtech. This is due to him selling the rest of his shares to direct his attention towards other investment opportunities.

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