Strong Online Gambling Component Among Israel's Billionaires

By Brian Cullingworth, Last updated Sep 30, 2016

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:
* Teddy Sagi: 44 and worth NIS 17 billion, he has made his money from online gambling platform developer Playtech and other companies including credit card clearing company Safecharge and Market Tech, which owns London's popular Camden Market.
* Heirs of the late Aharon Shaked founder of online gambling company 888 Holding plc – worth NIS 1.5 billion.
* Alon Gonen: 40 and worth NIS 1.3 billion. Founded online securities and CFD trading company Plus500, which was nearly acquired by Teddy Sagi for $717 million and currently has a market cap of $1.1 billion.
* Shai and Ron Ben Yitzhak 47 and 40 and worth NIS 1 billion. Founders of the 888 Holding plc online gambling company.
* Avi Shaked: 62 and worth NIS 1.5 billion. Founded online gambling company 888 Holding plc, which has a market cap of $1 billion.
* Noam Lanir 49 and worth NIS 1 billion. Founded Internet gambling company Empire Online and Babylon.

Online Casino News Courtesy of Infopowa

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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