Playtech founder Teddy Sagi has sold off the remaining shares in the business, ending his involvement with the business he founded in 1999.

Sagi’s family office Globe Invest confirmed that the billionaire entrepreneur has sold his remaining 15,193,489 shares held via his Brickington Trading company, a holding of around 4.8% of Playtech’s issued share capital.

Globe Invest noted that Sagi had been selling down his stake over the past two years as part of a strategy to diversify his wealth into a number of different sectors. 

“My focus for the last few years has been in real estate, co-working, service apartments, e-commerce and advanced technology, cyber-security and innovation companies,” Sagi explained.

“I consider myself part of Playtech’s successful history, and I am proud of what we have accomplished together since its inception,” he added. “I wish it every success in the future.”