For the first time since mid 2017, Playtech founder and (former) controlling shareholder Teddy Sagi has sold shares in the company. Regulatory filings in the UK indicate that Teddy Sagi's Brickington Trading Ltd holding company sold 5 million Playtech shares earlier this week, for proceeds of approximately £23.2 million (USD $30.2 million). The sale takes Mr.…
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Globe Invest, the family office of online entrepreneur Teddy Sagi, has announced that Northenstar Investments Ltd has increased its shareholding in online payments solutions company SafeCharge International Group Ltd (LON:SCH) by acquiring an additional 3,995,185 shares in the AIM listed entity. Northenstar’s shareholding in SafeCharge has risen to 68.34% following the new transaction. Northenstar is…
Read moreIn a fairly rare occurrence in today's corporate world, online gaming and financial technologies provider Playtech PLC (LON:PTEC) has seen its shareholders reject the company's proposed Annual Report on Remuneration at the company Annual Meeting held yesterday in the Isle of Man. Except in rare circumstances, annual meeting board resolutions are usually adopted (by wide margins) at…
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LeapRate Exclusive... For the first time in a long time, Teddy Sagi is no longer the largest shareholder in Playtech PLC (LON:PTEC). LeapRate has learned via regulatory filings that US investment management giant T. Rowe Price Group Inc (NASDAQ:TROW) has significantly increased its position in Playtech over the past week, from about 5% to just over 10.2%.…
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LeapRate Exclusive… LeapRate has learned from sources in Israel that online gaming and casino company 888 Holdings Public Limited Company (LON:888) is in process of laying off several dozen employees in the country. 888's moves come shortly after we exclusively reported that UK based William Hill plc (LON:WMH) will be shutting its operation in Israel,…
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Following our report from last night that Teddy Sagi's holding company, Brickington Trading Limited, had informed Playtech PLC (LON:PTEC) that Mr. Sagi intended to sell 32 million Playtech shares in an effort to diversify his investments, the company announced early this morning that the share sale was increased in size and completed - but at…
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For the first time since he founded the company in 1999, Teddy Sagi might soon no longer be the largest shareholder in Playtech PLC (LON:PTEC). Playtech announced after the close of London Stock Exchange trading on Monday that it has been advised that Teddy Sagi's holding company Brickington Trading Limited is planning to sell approximately 32 million…
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LeapRate Exclusive... LeapRate has learned from sources in Israel that online gaming giant William Hill plc (LON:WMH) will be shutting its operation in Israel. More than 200 of the company's approximately 250 Tel Aviv based employees will be laid off, and the company's offices at the Azrieli Towers (pictured above) will be vacated. A small number…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in the US and the UK that New York based global investment bank Morgan Stanley (NYSE:MS) has become one of the largest shareholders of Playtech PLC (LON:PTEC), taking a 5.1% position in the company. Playtech is one of the world's leaders in providing software and systems to the…
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It looks like someone is making a big bet on Playtech. Online entrepreneur Teddy Sagi has indicated in filings with the London Stock Exchange that he has sold 13 million shares of publicly traded Playtech PLC (LON:PTEC) to the UK arm of Paris based asset manager Boussard & Gavaudan for £113.4 million (USD $138 million). The stake represents about…
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