Sagi completes full disinvestment from Playtech plc

Completing a steady program of disinvestment from online gambling giant Playtech plc in order to finance his property and e-commerce ambitions, Israeli billionaire Teddy Sagi confirmed Friday that he has sold off the last 15,193,489 shares held by his Brickington Trading Ltd personal investment firm.

“Over the last few weeks, Brickington Trading Ltd has been working on this divestment,” Sagi advised in a statement. “The sale follows a smaller trade executed on the 12 November and is in line with our long-term diversification strategy”.

Sagi founded Playtech in 1999, taking it public in London in 2006. In his statement Friday the billionaire noted:

“My focus for the last few years has been in real estate, co-working, service apartments, e-commerce and advanced technology, cyber-security and innovation companies.

“I consider myself part of Playtech’s successful history, and I am proud of what we have accomplished together since its inception. I wish it every success in the future”.

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