Playtech Buys Best Gaming Technology For $152M

July 14, 2016 | Israeli billionaire Teddy Sagi’s company, Playtech plc, has acquired a 90% stake in Austrian rival Best Gaming Technology (BGT) for €138 million ($152.6 million) in cash. Best Gaming Technology provides software solutions for sports betting and will enhance Playtech’s omni-channel offering and drive digitalization of retail clients The company’s clients include Betfred, Codere, Coral, Ladbrokes, Paddy Power Betfair and William Hill and it provides software services for 24,000 gambling machines, mainly in Europe. Playtech is a gambling software development company that was founded in 1999.