Playtech exits Binary Options business, TopOption brand sold to OptionsClick

August 30, 2016 BY LeapRate Staff

Playtech exits Binary Options business, TopOption brand sold to OptionsClick - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that online gaming giant Playtech PLC (LON:PTEC) has made a decision to exit the binary options brokerage business. The company's binary options brand, TopOption, was sold effective August 7 to Leadtrade Ltd, an Israeli run and CySEC licensed company which operates several other binary options brokerage brands including OptionsClick (optionsclick.com), Prestige Option (prestigeoption.com),…

August 08, 2016 BY LeapRate Staff

Markets.com canceling office leases amid rising layoffs within Playtech group

Back in February LeapRate broke the news of a major restructuring at the Markets.com unit of Teddy Sagi's online gaming giant Playtech PLC (LON:PTEC), which included mass layoffs in a restructuring of sales, retention and customer service operations at the retail forex broker. So it should come as not too much of a surprise that…

May 19, 2016 BY LeapRate Staff

Not all roses in Teddy Sagi's world: Playtech's X-Wise unit lays off 150

It looks like another unit of Teddy Sagi's online gaming and trading holding company Playtech PLC (LON:PTEC) is going through a series of large scale layoffs. After LeapRate's exclusive report earlier this year about mass firings at Playtech Retail Forex unit Markets.com in a restructuring of its sales, retention and customer service operations, it now appears as if…

May 19, 2016 BY LeapRate Staff

Not all roses in Teddy Sagi's world: Playtech's X-Wise unit lays off 150

February 24, 2016 BY LeapRate Staff

Playtech unit Markets.com sees mass layoffs in restructuring of sales, retention and customer service operations - LeapRate Exclusive

Move by Markets.com to stop paying commissions to salespeople and to automate operations follows failed attempt to buy rival Plus500 late last year.

February 07, 2016 BY LeapRate Staff

Teddy Sagi's digital ad platform company Crossrider loses 60% of its value - and its CEO

Known mainly in the Forex and online gaming worlds for his controlling interest in Playtech PLC (LON:PTEC), parent company of Retail Forex / CFD brokerage Markets.com, online entrepreneur Teddy Sagi has a number of other public companies in his portfolio. One of those companies, Crossrider PLC (LON:CROS), recently put out a year-end trading update which disappointed investors,…

February 02, 2016 BY LeapRate Staff

Playtech looking at OpenBet acquisition after being spurned by Plus500 and AvaTrade

After failing to acquire retail forex brokers Plus500 Ltd (LON:PLUS) and AvaTrade late last year in deals which would have totaled more than $800 million, online gaming and forex giant Playtech PLC (LON:PTEC) is apparently returning its M&A appetite to its core business of online gaming platforms and the possible acquisition of rival OpenBet. Owned by…

November 26, 2015 BY LeapRate Staff

Plus500 shares more than recover from drop after Playtech deal canceled

Well it has taken a few days, but it looks like stock market investors are once again getting behind an independent Plus500 Ltd (LON:PLUS). We had reported soon after details emerged of Playtech cancelling its acquisition of Plus500, that shares of both companies were taking it on the chin. Playtech traded down more than 10%, as…

September 13, 2015 BY LeapRate Staff

Markets.com's Teddy Sagi named Israel's sixth wealthiest person by Forbes

Teddy Sagi moved up nine spots from last year, nearly doubling his net worth in a year which he and his companies were very active dealmaking.

July 02, 2015 BY Andrew Saks-McLeod

CySec issues €168,000 administrative fine to Teddy Sagi's Safecap Investments

Following onsite inspections by CySec of Safecap's operations in May 2013 and October 2014, the Cypriot regulator has imposed a €168,000 fiscal penalty relating to administrative issues

Tag: Teddy Sagi