Teddy Sagi: Founder of Playtech
The Playtech founder, his other businesses and the company today
Teddy Sagi is an Israeli businessman and the founder of Playtech, one of the biggest software suppliers in online gambling. He is also known for his property and technology investments, including Camden Market in London.
This profile covers his career, the company he founded and where Playtech stands today. We use Playtech’s own 2026 results for the company facts. For Sagi’s personal business history, we rely on widely reported public information.
Who Is Teddy Sagi?
Sagi was born in Tel Aviv, Israel, and built his career in technology. He started Playtech in 1999, when online casinos were still new. The company grew into a listed business that supplies casinos and betting brands around the world.
Over time, Sagi turned his attention to other investments. These include payments, cybersecurity and property. As a result, he is now better known as an investor than as a day-to-day gaming executive.
Teddy Sagi Career Timeline
| Year | Milestone |
|---|---|
| 1999 | Founds Playtech, a gambling software company. |
| 2006 | Playtech lists on the London Stock Exchange. |
| 2012 to 2018 | Acquires the Israeli software company Crossrider. It is renamed Kape Technologies in 2018 after a move into cybersecurity. |
| 2014 | Buys Camden Market Holdings in London. The deal is widely reported at about £490 million. |
| 2017 | Market Tech, his property business, is delisted from the London Stock Exchange. |
| 2019 | Payments company SafeCharge is sold to Nuvei. The deal is reported at about $889 million in cash. |
Dates and values in the table come from public reporting. For exact figures, check the original filings and press releases.
Teddy Sagi and Playtech
Sagi launched Playtech in 1999. He hired developers and mathematicians to build casino software that could be trusted and scaled. That focus on quality helped Playtech win major operators. Its software runs at many casinos, including the best AU online casino sites.
Playtech lists on the London Stock Exchange main market. Since the 2006 listing, Sagi has reduced his shareholding step by step. Today he is no longer the controlling owner. This is why Playtech runs as a professionally managed public company.
Playtech’s current chief executive is Mor Weizer, and its chief financial officer is Chris McGinnis.
Playtech Today
Playtech now describes itself as a leading global B2B technology provider to the online betting and gaming industry. It supplies a full platform, plus casino, live casino, sports betting, bingo and poker content.
| Founded | 1999 |
| Listing | London Stock Exchange Main Market (PTEC) |
| Staff | More than 7,400 across 20 countries |
| Regulated markets | More than 50 regulated and regulating jurisdictions |
| H1 2026 group revenue | €425.1m (H1 2025: €387.0m) |
| H1 2026 adjusted EBITDA | €162.5m (H1 2025: €91.6m) |
| Core B2B revenue, H1 2026 | €394.8m (H1 2025: €347.6m) |
Playtech reported these figures for the six months to 30 June 2026. Its adjusted EBITDA rose by 77%, helped by strong growth in the Americas.
Growth in the Americas
Revenue from the US and Canada rose 161% to €56.9m, driven largely by Hard Rock Bet in Florida. Latin America grew too, with Mexico and Colombia leading the way.
Pressure in the UK
UK revenue fell 8% to €59.0m. Playtech linked this to the rise in Remote Gaming Duty from 21% to 40% in April 2026. Our guide to the UK Gambling Commission explains how UK licensing works.
The Snaitech Sale
In April 2025, Playtech completed the sale of its Italian business Snaitech to Flutter Entertainment. The enterprise value was €2.3 billion in cash. Since then, Playtech has focused on its B2B business and has bought back shares.
Teddy Sagi’s Other Business Interests
Playtech is not Sagi’s only success. He has built or bought several businesses across different industries.
Camden Market
In 2014, Sagi bought Camden Market Holdings in London. The market is a well-known visitor attraction in north London. His property business later moved out of public markets, and Market Tech was delisted in 2017.
Kape Technologies
Sagi acquired the Israeli software company Crossrider in 2012. The company moved into cybersecurity and was renamed Kape Technologies in 2018. It is a good example of how he moves between sectors.
SafeCharge and Nuvei
SafeCharge was a payments company that served online merchants, including gambling brands. In 2019, Nuvei agreed to buy it for about $889 million in cash. The sale closed later that year.
Playtech’s Main Business Areas
Playtech reports its results in three parts. The table shows how each part looked in the first half of 2026.
| Segment | What it covers | H1 2026 figure |
|---|---|---|
| B2B | Platform, casino, live casino, sports betting, bingo and poker for licensed operators | Revenue €394.8m |
| Investment income | Mainly a 30.8% stake in Caliente Interactive, plus dividends from Hard Rock Digital | Adjusted income €34.2m |
| B2C | Mainly Sun Bingo, with HAPPYBET winding down | Revenue €32.0m |
The B2B arm is the heart of the group. It supplies the technology that casinos and sportsbooks use every day. As a result, Playtech depends on its partners succeeding in each regulated market.
Why Software Suppliers Need Licences Too
Players often think only casinos need a licence. In fact, many regulators also license or approve software suppliers. That adds another layer of checking.
Playtech says it operates in more than 50 regulated and regulating jurisdictions. Each one has its own rules on testing, reporting and player protection. Our guides to online gambling licences and gambling laws explain how these systems differ.
Strong suppliers also help raise standards. A casino that uses well-known, tested software gives you one more reason to trust its games. However, the casino still carries the duty to pay you and protect your account.
Playtech and Other Major Software Suppliers
Playtech competes with other well-known suppliers. Each has its own style, so players often develop favourites. We have separate guides to Microgaming and NetEnt slots.
| Supplier | Known for | Good for |
|---|---|---|
| Playtech | Full platform plus casino, live casino, sports, bingo and poker | Operators that want one supplier for many products |
| Microgaming | Large slot library and progressive jackpots | Players who like jackpot slots |
| NetEnt | Polished slots with strong graphics | Players who like feature-rich slots |
The table gives a general picture. Each supplier changes its range over time, so check the casino lobby to see what is available today.
How to Find Playtech Games
Most casinos let you filter games by supplier. Look for a “Providers” menu in the lobby, then choose Playtech. The live casino section often shows the supplier in the table name or footer.
If a casino does not list suppliers, check its terms or help pages. A casino that is open about its software is usually easier to trust. Also try a demo version first, where it is offered, to learn how a game plays.
What Playtech Software Means for Players
Most players never see the Playtech name. The software runs behind the scenes at many licensed casinos. You may notice it in the game lobby, the live dealer studio or the sportsbook.
- Slots and progressive jackpots.
- Blackjack, roulette and baccarat tables.
- Live dealer games streamed from studios. See our guide to live dealer gaming.
- Video poker. We cover the basics in our video poker guide.
- Bingo and poker rooms.
Playtech has also produced slots based on well-known film and comic brands. Titles and licences change over time, so check the casino lobby for what is live today.
How to Play Playtech Games Safely
Playtech supplies the software, but each casino sets its own terms. A strong software supplier does not guarantee a good casino. Check the operator before you deposit.
- Look for the casino licence in the site footer.
- Match the company name with the regulator’s public register.
- Read the bonus and withdrawal terms.
- Set deposit limits before you start.
- Test a small withdrawal early.
Our page on why players trust Topboss Group explains how we check casinos.
Responsible Gambling and Software Choice
Software does not decide how much you spend. You do. Fast, polished games can make it easy to lose track of time and money.
- Set a deposit limit before you log in.
- Decide how long you will play.
- Take breaks between sessions.
- Never chase losses.
- Stop if gambling stops being fun.
Licensed casinos offer tools to help. Use them early, not after a bad session.
Frequently Asked Questions
Who is Teddy Sagi?
He is an Israeli businessman who founded Playtech in 1999. He also invests in technology and property.
When was Playtech founded?
Playtech was founded in 1999 and listed on the London Stock Exchange in 2006.
Does Teddy Sagi still own Playtech?
He has reduced his holding over the years and is no longer the controlling owner. Check the latest company filings for the current figure.
What does Playtech do today?
It supplies technology and content to online betting and gaming brands. It also holds some investments, such as a stake in Caliente Interactive.
Is Playtech a casino?
No. Playtech is a software and technology supplier. Licensed operators use its games and platform.
Final Thoughts
Teddy Sagi helped shape online gambling by founding Playtech in 1999. The company he started is still a major supplier, with strong growth in the Americas and tougher conditions in the UK.
Whatever software a casino uses, check the licence and terms before you play. Always keep your gambling within a budget you can afford.
Comments are closed.