Playtech has agreed to pay its founder almost £5.6m a year in a series of deals, it has been reported.
The payments are in advance of an expected move by the Aim-quoted i-gaming company to London’s main market this summer.
The Financial Times reports that the business has agreed to pay companies owned by Teddy Sagi €6m a year for software licences. Sagi has a 48.3 per cent stake in Playtech and will receive 20 per cent of revenues from the social gaming business.
It has also been reported that Playtech, which runs live online gaming facilities, agreed to pay companies owned by Sagi £750,000 a year to rent premises in London as well as a nominal fee for retaining his advisory serices.
