BUSINESS

Playtech buys Sagi company; Chartwell provide for Win; Betdaq enters Scotland

TAGs: Betdaq, Celtic, Chartwell, Playtech, Win United

iGaming newsPlaytech doesn’t seem to want to keep quiet right now and today, they’re crowing about the completion of a deal. It’s not just any deal. Oh no. The transaction involves the acquisition of founder Teddy Sagi’s PT Turnkey Services (PTTS) Ltd for a sum that could eventually rise to €280m depending on performance by 2014. Sagi will receive €140m cash up front and maybe we might see him move into the UFC octagon. Correct me if I’m wrong but this is the same man that allegedly used threatening behavior during a business deal earlier this year. This is a Teddy bear that you definitely wouldn’t want to take to the picnic. Playtech shares: slightly down on yesterday.

Chartwell Technology has signed a multi-year agreement to provide Win United with an online casino product. The arrangement will let Win deploy table games, card games and live dealer content from Chartwell. Dave Acorn, Chartwell Chief Operating Officer, commented, “2011 has been a productive year for Chartwell as we continue to add a number of global clients to our roster. We’re pleased to welcome Win United and look forward to working with them to build their business.”

Online betting company Betdaq has chosen their side in Scottish football after becoming the online betting partner of Celtic. We’re not sure whether the Betdaq founder is in anyway Glaswegian but we do know that the company will have their branding plastered all over Celtic Park for the entire season. They’ve promised to offer fans the best offers that they can get their hands on and give special bets on other events that don’t involve Celtic. A free can of Special Brew with each win would swing it guys.

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