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Teddy Sagi of Playtech bio

July 31st, 2009

Teddy Sagi founded Playtech in 1999 and in 2006 floated the company on the London Stock Exchange under the symbol PTEC for approximately $550 million 257p a share.  Playtech now employs over 700 staff and the CEO is MOr Weizer.

In October 2008 Playtech announced it was requiring private assets from Teddy Sagi for $245 million, this was the second release of money Teddy Sagi had from the company taking his total withdrawal to $540 million, Teddi still controls 41% of Playtech through his investment company Brikington.  Teddy Sagi is now in the top 30 richest men in Israel at only 34 years old according to Forbes Magazine.

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