03 Dec
In News
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Playtech’s largest shareholder offloads 12% stock in company

In an interesting new development in the world of iGaming, the Playtech’s largest shareholder - Brickington Trading Limited - has sold 12% of its stake in the company.

Teddy Sagi, who also happens to be the co-founder of the iGaming giant, shipped off 38.7 million ordinary shares at a price of 850 pence (999 €cents/1060 $cents) each.

After offloading 12% of its stake, Brickington will hold a further 21.6% in Playtech. However, Brickington will not sell any shares for the next 180 days.

The placing was conducted through an accelerated book built via UBS Limited, Canaccord Genuity Limited and Credit Suisse Securities (Europe) Limited.

On the other hand, Playtech successfully completed acquisition of 70% stake in technology firm Consolidated Financial Holdings.

Playtech has also stated that it will complete the complete takeover (remaining 30%) pursuant to put and call option arrangements.

Simona

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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