Short History of Playtech Casinos

No doubt about that the crown of invention of online gambling goes to Teddy Sagi who founded “Playtech” in 1999. It was the time when internet was spreading its branches in multi dimensions of life. Games and gambling also could not prevent themselves from the effects of internet. Teddy Sagi gathered the team of software engineers in the shadow of “Playtech” umbrella and started establishing online casino. Click here for a comprehensive list of the best casinos ever.

playtech casinosIn 2001 he succeeded to get the license for online casino. Playtech started its venture and reached in London Stock Exchange in 2006 with its business worth of almost 550 million Pounds. Then Playtech started to grow as public limited company by acquiring private asset from Teddy Sagi in Oct 2008 by 250 million Dollars and followed by buying the turnkey services from Teddy Sagi in March 2011 by £125 million. The travel of Playtech reached in the Alternative Investment Market from London stock Exchange and it included in the FTSE 250 index.

Playtech developed more than ninety software for poker games, each of the games attracted thousands of players and millions of dollars worldwide. Next milestone of Playtech was to acquire which was the largest poker community in the world with almost 7million members in $49.2 million.
In 2014 Playtech took two major steps, first was to join Gambling Business group in august and in September the acquisition of Aristocrate Lotteries in €10.5 million.

In Jan 2015, Playtech left the German market and in February Playtech bought YOYO Games for US$16.4 million.

It was the chronological short history of Playtech Casinos which started in 2001 from first online casino and then added more features, products to its portfolio which includes live casino, Ipoker, Videobet and mobile casinos. Its development reached through the android system to the mobile phones and iPhone online casinos one after the other to grow it where it is nowadays.