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Playtech's principal shareholder attacked over past history

Saturday April 19,2014 :  PERSONAL ATTACK LAUNCHED ON INTERNET GAMBLING INVESTOR
 
Playtech's principal shareholder attacked over past history and involvement in FOBTs.
 
Teddy Sagi, the forty-two year old Israeli billionaire and main shareholder in the Playtech online gambling technology empire was the target of a highly personal attack published by the UK newspaper The Daily Mail Saturday.
 
The Mail is well known for its anti-gambling crusades and in particular its vehement opposition to the Fixed Odds Betting Terminals available in retail betting shops throughout Britain, and its ad hominem attack on Sagi appears to have been triggered by his involvement in that sector of the industry, which the Mail frequently characterises as the "crack cocaine of gambling."
 
The article makes much of his playboy lifestyle, appetite for risk and relationships with beautiful women, and recalls aspects of his history that it suggests are questionable, for example:
 
* His association with FOBTs through Playtech, which the Mail alleges is the software developer and supplier for the "...majority of software used by High Street ­bookmakers where people, often from the most deprived areas, pump billions of pounds a year into the machines."
 
* Expanding the FOBT experience to mobile and online gambling; the article claims: "Teddy Sagi’s company Playtech ­unashamedly states its software can help book­makers ‘manage your players throughout the player’s life-cycle, describing how a gambler can play on a machine in a betting shop, and then ‘when he is ready to move on, he can continue the game on his smartphone and tablet device in the comfort of his own home’.
 
* Accuses Sagi of a past involvement in pornography through his 1999 (the same year that he founded Playtech) investment in Unlimited9, a company that was allegedly involved in setting up porn sites. Seven years later Unlimited9 was valued at GBP 550 million when it floated on the London Stock Exchange, making Sagi - then in his early thirties - a wealthy man.
 
* The writer of the piece, Steven Bird, claims that Sagi is "...a convicted criminal who comes from a family with a murderous past," going on to reveal that in 1994 at age 22 Sagi was arrested with seven other businessmen on suspicion of insider trading. They were charged with buying and then manipulating the value of stock in a widespread banking fraud. Sagi, the Mail claims, admitted grave deceit, bribery and insider trading, and was jailed for nine months. Bird also alleges that Sagi's brother Ronen was involved in a violent crime.
 
* Today, Sagi is estimated to be worth more than GBP 1 billion; has a wide spread of interests including investments in UK bookmaking firms; homes in Knightsbridge, Cyprus, Berlin, Israel and the U.S., and recently bought a Bombardier luxury private jet.
 
* In one of his recent deals, Sagi spent GBP 400 million to buy London’s iconic Camden Market.
 
* He had a child, now aged eight, with a former beauty queen, and is now seeing a former Miss Israel, with whom he’s had a second child.
 
Bird quotes an unnamed Sagi associate as saying: "He likes to have fun. He likes the good life. He takes long holidays and likes to spend his leisure time watching football or films. He enjoys playing the piano and ping pong."
 
Sagi was not available for interview when Bird attempted to talk to him, and the article carries only the conclusions reached by its author.
 
http://www.dailymail.co.uk/news/article-2608016/Exposed-jailbird-pornographer-Britains-crack-cocaine-gambling-machines.html

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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