Major Playtech Shareholder Purchases Trading Business Platform?

Teddy Sagi, a major shareholder of Playtech, has reportedly entered the currency trading business with the purchase of platform AvaTrade.

The sale has not been confirmed but reports say that negotiations coming to a close and Sagi had offered $100 million for the company, which profited $20 million last year.

Sagi is the current owner of Safecap Investments Limited, controlling shareholder of SafeCharge International Group plc and Crossrider Ltd.

Forbes has estimated Sagi's net worth at approximately $3.5 billion.
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    VaRiXD

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    To Sharpe : I'm not very aware with them but I do know that people can loose their money there.It's another way of gambling right?.... LOL NOT AT ALL First did you know that now you can COPY trade from EXPERT, These freak that spend there time on the market and know everything about it and do 97% positive trading !! Did you know that if you really stupid this you don't need to be a pro, spend 30 min a DAY MAX, You can get SIGNAL that will tell you what HOT Did you know that now you can trade in 120sec, 60 sec 30 sec Go check out E-TORO search for 100$ FREE no deposit you can find a page with a promo I did get the 100$ but play it like casino Up and down but like I say E-toro for exemple offer you the possibility of COPY TOP Trader haha So cool ! If you're smart and use discipline you can profit a lots I MEAN A LOTS......3k 5k a week EASY with 250$ to start anyway now since so many thing happen to the word it's easy to predict some change over US dollar and other country Check e-toro your love it :)
  • Jade lcb

    jade

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    I agree with all the above comments. A lot of money being made. This trading is moving fast...........Every time you come to this news section, you can read about another group partnering or one company bidding for or acquiring another. When I was reading this particular article I was caught by this one phrase that seems to sum up what everyone is talking about. "Sagi is the current owner of Safecap Investments Limited." Do you see it..............
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    sharpe

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    Trading business platforms are very popular lately and I'm not very aware with them but I do know that people can loose their money there.It's another way of gambling right? So I don't think that this is so different from Teddy Sagi's previous business but is definitely interesting news and I think more and more people and companies are interested to invest in the trading business.
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    pinkxxx

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    I remember the days of when online casinos , some were for public sale , Independantly owned . These days many many years later the business has grown so much software companys have stock holders and the stockholders are investing and merging and now multi million dollars are being traded and moving left and right . Its mind boggling the investments and profits being made. Its not simple structure anymore .
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    leannep

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    I am completely lame at financial stuff but I will check into these and see whether they are on the public marketplace, how much is a share, etc. Maybe I don't really understand it? Interesting, though. I think the online casino industry IS a good investment, but it's also got a red flag capacity (whether it wants it or not) and I'm not sure that I will want my money (not that I have any) there, if it gets financially weird in the North American marketplace in general (not that it isn't...and not that I know....but I am trying to understand). Cheers.

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