NetEnt keeps giving away jackpots, and founder of Playtech gets bumper profit

A famous manufacturer of digital games for gambling industry reported last week about another jackpot in the sum of €7,5 million hit on one of the most popular slots – Hall of Gods. With this win, a lifelong payoff reached €80 million.

Company representatives reported that the win took place on online Folkeautomaten venue belonging to “GemeOn”. A happy winner is a 47-year old Norwegian fan of NetEnt who enjoys filling in his bank account through mobile applications produced by this company.

NetEnt offers a large number of gambling entertainments for everyone with the highest jackpots existing in the field. In 2016 payoffs to the winners were estimated at €54 million, and €7 million of this sum of money went to a gambler from the USA who drew a progressive jackpot of Mega Fortune Dreams slot.

Simon Hammon, director of NetEnt made the following announcement: “Since the launch of Hall of Gods in 2012 this slot has managed to award our customers with €57 million of the prize money €20,6 million of which was won last year. Our whole team is proud of these achievements especially the latest jackpot which is the largest not only for our licensee but among all the company products throughout many years”.

According to Mr Hammon, from the moment of winning the main prize, a new progressive jackpot will keep growing starting from the point of €50,000.00. We can’t forget about another achievement of NetEnt – Guinness Book of World Records registering the largest payoff in an online slot in the sum of €17,86 million at the beginning of 2013.

On Tuesday last week, the world gambling industry reviewers learned about an unusual deal in the sum of €364 million. The thing is that Playtech founder Teddy Sagi from Israel decided to sell 10,1% out of 17,8% of the company stocks that he owned. Based on the report made by an investment company Brickington Trading, the deal is estimated at €32 million.

A little bit of history: Mr Sagi founded Playtech back in 1998 and since then has managed to get the profit in the sum of €1,6 billion out of stocks sales. In March of 2016 selling 4,1% he received €150 million from hedge-fund Boussard & Gavaudan, and in November of 2016 for selling 12% he received €380 million.

Analysts note that this Israeli billionaire does not have the main voting right in the company, but is still its main stockholder and has to provide consulting services. At the moment when this news was released Playtech stocks that were located on the London stock exchange cost 994 pence each which is a little less than before the deal (1016 pence). If you are trying to decide where to invest your money then these stocks seem to be reliable investments, because their price will only keep growing.