Teddy Sagi and the history of Playtech

Playtech was founded in 1999 by an Israeli entrepreneur in Estonia, and is now launching a new line of live casino games.

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Teddy Sagi
Teddy Sagi

Playtech is a casino game development company founded in 1999 and headquartered on the Isle of Man. The company employs leading developers to create casino games that are fun, exciting, and conform to gambling industry regulations.

Casino games are not in short supply across the internet, but Playtech manages to create games that stand out for their innovation and seamless interface, even in a saturated market.

Specifically, they have developed a prominent selection of online slots games and live dealer games. Their portfolio is rich and diverse without sacrificing quality.

They sell these games to the best online casino sites. Playtech is one of the biggest game developers globally in this niche of gaming and holds a stellar group of long-term clients in the industry.

Who Founded Playtech?

The company was founded in Estonia by an Israeli entrepreneur by the name of Teddy Sagi. Interestingly, Sagi also owns the well-known Camden Market in central London and other real estate in London and Germany. Although Sagi is why Playtech was so successful and still exists today, he has scaled down his personal ownership of the business to around 4%.

In March 2021, Forbes claimed that Teddy Sagi’s net worth is around $5.4 billion. He also featured in the Sunday Times' Rich List 2020.

A Brief History

After being founded in 1999, Playtech brought its first product to the market in 2001, which was a moderate success. Early acquisitions boosted the company's profile, including the acquisition of a poker website with over seven million active members in 2013. The company has bought into many other lucrative businesses, including some game development companies in Scandinavia.

In 2017, a partnership was announced with Warner Bros, enabling the company’s developers to create new and exciting slot games based on Batman, Superman, and other notable figures.

Playtech Launching New Casino Games 2021

The company has now announced a new line of casino games, including more innovative and exciting slot games. Along with these slots, Playtech will also launch new live dealer games. These live games are played on the regular casino website but are streamed live from a studio involving real dealers and game hosts.

Evolution Gaming is another developer that specializes in this area, but Playtech’s new live casino games are expected to provide fierce competition between the two heavy hitters.

Where Can You Find the New Playtech Games?

These new and highly anticipated Playtech titles will become available on casino websites where the brand usually serves.

This means the majority of big-name casinos and bookmakers in the UK and abroad will house these games. Party Casino is one online casino site that always stocks the latest Playtech games exclusive for its members.