PLUS 500 FOUNDERS TAKE ADVANTAGE OF GOOD RESULTS TO SELL OFF SHARES
30th September, 2016 at 14:31:29
Israeli founders of spread betting and CFD company sell off $130 million's worth of shares.
The Israeli founders of online spread betting and CFD firm Plus500 (which Playtech's Teddy Sagi nearly bought last year) have taken advantage of a good 2015 performance by the company to sell off a substantial chunk of their holdings, between them selling over $130 million's worth of shares.
Full Story: Plus 500 Founders Take Advantage Of Good Results To Sell Off Shares »
STRONG ONLINE GAMBLING COMPONENT AMONG ISRAEL'S BILLIONAIRES
29th September, 2016 at 13:40:19
Six out of 29 made their fortunes on internet gambling.
The Israeli newspaper "Globes" published an interesting article Wednesday, ranking top Israeli high-tech entrepreneurs and billionaires in a list of 29 that includes six who made their fortunes from online gambling:
Full Story: Strong Online Gambling Component Among Israel's Billionaires »
BRITISH COMPANY FIGHTS ISRAELI HORSERACING BAN
22nd September, 2016 at 10:32:09
Betting services firm GBI alleges Israeli government made flawed decision in rescinding the 2012 authorisation of betting through Toto.
GBI, a British company that provides betting services to the Israeli Toto, is pressing the Israeli government to reconsider its decision to ban horseracing from early 2017, threatening that it may seek millions in compensation if it does not.
Full Story: British Company Fights Israeli Horseracing Ban »
PLAYTECH CUTS ISRAELI MARKETING HEADCOUNT
20th May, 2016 at 09:21:48
Marketing subsidiary Xwise lays off 75 percent of its staff.
The Israeli business publication Globes reported Wednesday that Playtech's Israel-based marketing subsidiary Xwise has embarked on a restructuring initiative that will see its headcount reduced by 75 percent to around 60 employees.
Full Story: Playtech Cuts Israeli Marketing Headcount »
ISRAELI TAXMAN PLANS TAX ON DIGITAL PRODUCTS
14th March, 2016 at 05:59:22
And that includes online gambling.
The Finance Ministry in Israel is working on the draft of a new law that will require overseas businesses to register with the Israel Tax Authority and file tax returns, according to a weekend report in the newspaper Haaretz.
Full Story: Israeli Taxman Plans Tax On Digital Products »
ISRAELI CREDIT CARD EXECS CONVICTED ON ONLINE GAMBLING TRANSACTIONS
26th February, 2016 at 08:08:05
Two out of seven defendants enter guilty pleas in Tel Aviv court.
The Israeli newspaper Globes reports that its six-year investigation into the online gambling-associated activities of Israel Credit Cards-Cal has resulted in two out of seven defendants entering plea bargains in a Tel Aviv court.
Full Story: Israeli Credit Card Execs Convicted On Online Gambling Transactions »
NOT THE FIRST TIME PLUS500 FOUNDER IN TROUBLE (Update)
01st June, 2015 at 20:31:18
Eight years ago Gal Haber's Interlogic was shuttered by Israeli police.
It appears that Gal Haber, founder and CEO of the troubled contracts for difference Plus500 group which is the subject of a Playtech takeover (see previous reports) has been at odds with the authorities before his recent brush with the UK's Financial Conduct Authority.
Full Story: Not The First Time Plus500 Founder In Trouble (update) »
PLAYTECH MOVES TO ACQUIRE TROUBLED SPREAD BETTING FIRM
01st June, 2015 at 10:42:24
Recommended cash acquisition of Plus500 Ltd by Playtech plc
The Plus500 financial spreadbetting company, currently plagued by money laundering irregularities and the close attention of the UK Financial Conduct Authority (see previous reports), may soon find a new home in the Playtech plc online gambling group.
Full Story: Playtech Moves To Acquire Troubled Spread Betting Firm »
ONLINE GAMBLING BILLIONAIRE GETS INTO CURRENCY TRADING
15th May, 2015 at 08:44:35
Principal Playtech shareholder Teddy Sagi buys currency trading platform AvaTrade.
Israeli billionaire Teddy Sagi, who is a major shareholder in online gambling group Playtech, has extended his financial reach with the purchase of currency trading platform AvaTrade, according to a Reuters news agency report.
Full Story: Online Gambling Billionaire Gets Into Currency Trading »
ISRAELI PROSECUTORS CONSIDERING OPTIONS AGAINST CREDIT CARD ISSUER
22nd April, 2015 at 10:55:44
Investigations indicate that billions of shekels in illicit online gambling transactions may have been facilitated.
Prosecutors in Israel are mulling the possibility of an indictment on credit card issuer Cal following an investigation that may indicate that the company was used to clear billions of shekels in online gambling and other illicit transactions, reports the publication Haaretz.
Full Story: Israeli Prosecutors Considering Options Against Credit Card Issuer »
E-PROCESSOR SAFECHARGE IN $8 MILL ACQUISITION DEAL
12th December, 2014 at 12:00:26
Teddy Sagi's e-processor just got bigger.
SafeCharge, the e-processing company brought to the London market earlier this year by Israeli online gambling and property billionaire Teddy Sagi, continued its relentless growth this week with the $8 million acquisition of payment service provider CreditGuard.
Full Story: E-processor Safecharge In $8 Mill Acquisition Deal »
ISRAEI ONLINE PAYMENT PROCESSOR UNDER INVESTIGATION
05th December, 2014 at 02:26:48
ICC-Cal allegedly processed illegal transactions for international online casinos.
The Israeli publication Haaretz reports that local credit card firm ICC-Cal is under investigation following allegations that it has illegally handled online financial transactions for international internet gambling companies.
Full Story: Israei Online Payment Processor Under Investigation »
DONBET OPERATORS IN TROUBLE WITH THE ISRAELI TAXMAN
10th February, 2014 at 00:23:44
4 alleged owners indicted on allegations that taxes on NIS 4.5 billion in income were evaded.
The Israeli taxman and police investigators are collaborating in a major prosecution against 14 Israelis resident in Haifa and central Israel, whom officials originally indicted in 2013 for money laundering and illegal gambling activities associated with online sports betting website Donbet.
Full Story: Donbet Operators In Trouble With The Israeli Taxman »
FANTASY FOOTBALL ENTERPRISE PICKLIVE HAS U.S. AND INDIA AMBITIONS
20th December, 2013 at 09:32:38
Kugler - Galan alliance working well for UK-based fantasy football company.
39-year-old London-based Israeli entrepreneur David Galan briefed the Jewish Chronicle on the progress of his socially oriented fantasy football enterprise PickLive this week, revealing that he is making moves toward the Indian and US markets.
Full Story: Fantasy Football Enterprise Picklive Has U.s. And India Ambitions »
« News index »
ISRAELI POLICE IN ONLINE GAMBLING SWEEP
21st October, 2013 at 00:46:28
"Dozens" of website managers reportedly arrested.
Details remain scarce on news breaking in Israel Sunday that Tel Aviv police have arrested dozens of illegal online gambling website managers in an organised sweep, breaking up enterprises that allegedly have multi-million shekel revenues.
Full Story: Israeli Police In Online Gambling Sweep »