It was in 1999 that the Playtech company was created by Teddy Sagi. Since then the company has made its IPO onto the London Stock Exchange when it raised funds of over 295 million dollars. At this time, in 2006, the group’s value was estimated at nearly 550 million pounds with a float of 257 pence. However, fairly rapidly, and after the implementation of the SAFE Port Act, the Playtech share price experienced a fall, of 40% in one day in fact.