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Friday May 15 ,2015 : ONLINE GAMBLING BILLIONAIRE GETS INTO CURRENCY TRADING
Principal Playtech shareholder Teddy Sagi buys currency trading platform AvaTrade.
Israeli billionaire Teddy Sagi, who is a major shareholder in online gambling group Playtech, has extended his financial reach with the purchase of currency trading platform AvaTrade, according to a Reuters news agency report.
The sale has so far not been confirmed, but earlier this week Israeli business media reported that negotiations were nearing completion and that Sagi had offered $100 million for the company, which posted an operating profit of $20 million in 2014.
Sagi already owns Safecap Investments Limited, a big operator in retail FX trading, including Markets.com and various other brands. He is also controlling shareholder in SafeCharge International Group plc, which provides online payment, clearing and anti-fraud solutions, and most recently Crossrider Ltd., which optimises Internet surfing traffic as an analytical tool.
Last month he paid a reported initial $224 million for a 91 percent controlling stake in TradeFX Limited, an online CFDs and binary options broker and trading platform provider, and through UK deals in the property market he owns large and valuable chunks of land in London.
The respected publication Forbes estimates Sagi's net worth at around $3.5 billion.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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