Playtech’s founder Sagi obtains stake in Camden Stables Market.
Teddy Sagi, founder of the online gaming software supplier, made it into the gambling news, when purchasing 50% share of London’s Camden Stables Market. The deal was estimated to around GBP 400 million, which is approximately EUR 478.8 million and $665.2 million.
Camden Stables Market is part of the Camden Market, which represents huge number of adjoining retail markets in the Camden Town part of London.
Sagi’s purchase includes a site near the Regents Canal, which is called Hawley Wharf. It is interesting that this specific location has a planning permission for 170 homes, as well as school and cinema.
This is happening right after Sagi decided to sell 10% of his stake in Playtech, which is one of the top software providers powering numerous online casinos in the UK and around the world.
Additionally, Sagi just announced his plan to float SafeCharge, payment provider, where he holds 90% of the shares.