Sagi Sells Playtech Stake

Playtech’s Teddy Sagi (l.) has sold his stake in the gambling software company he founded 19 years ago for about $87 million. Sagi’s Brickington Trading has sold about 15.2 million shares, equivalent to 4.8 percent of the London-listed company, his family office, Globe Invest, said in a press statement. The sale may open the door for involvement in the U.S. for the iGaming giant.

Sagi Sells Playtech Stake

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