Sagi Selling a 10
Percent Stake of Playtech
The two constant factors of life in the online casino gambling industry are change and growth and those two factors have played a part in the recent news from Playtech, who is a founding father company as a leading software provider for online gambling since its inception.
Since the inception of the online casino gambling industry 20 years ago there have been countless businesses that have been launched, merged, sold and bought. But the latest news is a definite statement maker that has garnered considerable attention throughout the industry.
Teddy Sagi, who founded Playtech, is going to sell a 10 percent interest in the company which is estimated to be worth around $350 million. Playtech is the very essence of the online casino gambling industry and a leading software provider and innovator. This sale is further proof that Playtech intends to set the pace as a key leader in the industry and not simply rest on its past and considerable laurels. Playtech has remained one of the fastest growing online gambling companies despite the increase in competition and the never ending need for continuous improvement.
Playtech has set the standard for both online casino gambling as well as online poker. Playtech has an online poker network known as iPoker that is among the most popular and highly trafficked in the world.
Sagi will still hold a 39 percent stake in the company after the sale. It is his leadership and vision that has made Playtech so respected and valued in the industry.
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