Published On: Thu, Oct 20th, 2016

The Story of Teddy Sagi

"Founder of software gaming provider Playtech and owned of most of London’s Camden Market, Teddy Sagi is one of the wealthiest men in Israel. This is his story."

teddy-sagi

 

By Contributing Author

We probably don’t have to tell you that the online gambling industry is huge, you already know that. Millions of people all over the world play online casino games on a daily basis. It is a highly competitive industry, with many operators who are working very hard to attract new customers.

And it is not just operators, casino gaming software providers ‘fight a war of their own’. Playtech is one of the most successful and most popular casino gaming software providers. It provides games to many of the most popular online casinos. You’ll find them featured here.

 

Playtech

The company Playtech was established back in 1999, in Estonia, by Teddy Sagi. Two years later it acquired its first casino licence and from that point onwards it recorded one success after another.

  • The company is listed on the London Stock Exchange. Moreover, it is one of the constituents of the FTSE 250 Index;
  • Playtech currently employees more than 5, 000 people and has offices in 13 different countries;
  • Playtech has acquired numerous other companies throughout the years;
  • The company’s total revenues exceeded €630 million in 2015.

 

Who Is Teddy Sagi?!

The story of Playtech’s founder, Teddy Sagi is perhaps even more impressive than the story of the company. This 44 year-old is a self-made billionaire and his wealth is estimated at $3.1 billion, which makes him the sixth richest Israeli in the world.

Sagi was born in Tel Aviv in 1974, but he made most of his money outside Israel, most notably in London. Sagi comes from a middle-class family who lived in the Shikun Lamed neighbourhood. His dad Ami owned a small business, a travel agency, whereas his mum Lizi was a beautician who earned for a living selling makeup.

Sagi’s partner is one of the most beautiful woman in Israel, Yael Nizri. Yael won the Miss Israel title in 2006. The couple have three children. There have been claims that he applied for and received Cypriot citizenship, but those haven’t been confirmed. Sagi and Nizri have family homes throughout the world, including Tel Aviv, London, Cyprus, Berlin and the United States.

Sagi Owns Camden Market

We already mentioned that in the gambling world Sagi is known as the founder of Playtech. He still owns a third of the company. He sold some of his shares in Playtech to finance his other financial ventures and that proved to be a right decision.

One of his most successful companies is Market Tech Holdings, which is also traded on the London Stock Exchange. The company is based on the island of Guernsey and it owns many key properties in Central London, including the iconic and popular Camden Market, located in Camden Town, one of London’s most prominent neighbourhoods.

Sagi realised that the London property market is booming and his company spent almost $750 million buying properties in the Camden Area. The company is estimated at a price of $1.3 billion and he owns 86% if it. Sagi intends on investing £300 million in the Camden Market and the area by 2018.

Other Business Ventures

Sagi also owns Crossrider a company which works in the digital advertising industry, as well as SafeCharge, an online payment processor. The companies raised $75 million and $125 million and Sagi owns two thirds of each of the two companies. He also owned 86% of TradeFX, but he sold his share for a staggering amount of $450 million.

He’s Not Stopping

A self-made billionaire with a strong business acumen, who can sense when it is the right time to sell and when to buy, Teddy Sagi is one of the most successful Israeli-born businessman. As he is a man in his 40s, he clearly has no intention of stopping and judging by how successful his investments have been so far we can only expect his wealth to grow further.

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