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.

Teddy Sagi Latest News

Teddy Sagi cuts Playtech stake to 6.3% following £340m share sale

Playtech founder Teddy Sagi has sold off another major chunk of his holdings in the gambling technology firm. On Tuesday, Sagi sold shares equating to 11.5% of the UK-listed Playtech, raising roughly £340m in the process. The sale of the 36.5m shares came ...
Posted: June 27, 2017, 2:36 pm

Questor: Playtech looks a sure bet despite its founder planning to diversify his fortune

Playtech suffered a wobble in June as the founder of the gaming software provider sold another tranche of shares. Teddy Sagi, the colourful Israeli billionaire, is intent on diversifying his fortune. He wants to increase his property interests, having ...
Posted: August 12, 2017, 11:04 am

Teddy Sagi Drops Energy Exploration Venture

At the end of 2012, Eden Energy Discoveries Ltd. (TASE: EDN) paid $10.5 million for 8.7% of the share capital of Genesis Energy, which owns the rights to the Pelagic marine gas exploration licenses, in other words at a company value of $121 million for ...
Posted: December 28, 2014, 12:47 pm

Plus500 doubles profits, and share value

Two years ago, businessman Teddy Sagi was about to acquire Plus500 for £460 million ($700 million at the time). The deal eventually fell through, however, following intervention by the UK regulator, who prevented Sagi from completing the deal. Sagi was ...
Posted: August 7, 2017, 9:30 am

Sunday newspaper share tips: Mining ventures in Greenland, Purplebricks and Playtech among the buys and holds for investors

Midas verdict: Buy. Teddy Sagi, the colourful billionaire behind Playtech, is intent on diversifying his fortune and recently sold a tranche of shares in the firm, says James Ashton in this week's Questor for the Sunday Telegraph. In his sights he has a ...
Posted: August 13, 2017, 3:07 am
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