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Good Year For Centrebet

Remarkable 75 percent rise in after tax profit for Aussie online gambling group

CentreBet International investors will be more than pleased with the Australian online gambling company's latest full year results, which feature a remarkable 75 percent rise in after tax profits to $13.09 million.

The Sydney-based company revealed that full year EBITDA grew by almost 80 percent to reach $20.63 million.

The Australian revenues increased 44 percent year-on-year to $42.78 million while the betting group’s Australian activities contributed 80 percent of its total earnings before interest, tax, depreciation and amortisation at $16.41 million, prompting chairman Graham Kelly to comment: “CentreBet has delivered an outstanding financial year result, reaping the rewards from strategic initiatives focused on growing Australian online market share.

“Investing in leading-edge product innovation and demonstrated effective cost controls are paying off. The company is in very strong shape financially and is well positioned to benefit from expected continued growth in the industry.”



Gambling News :

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

122 Punta Cana Poker Classic prize packages - Twenty seven down — 95 more to go. We’re guaranteeing 122 Punta Cana Poker Classic prize packages and 27 are already spoken for. This Sunday night we’ve got 7 more on the line:

Huge Caribbean Hold’Em hit at Bovada Casino - A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.

Halloween Slot Deal For Microgaming - He’s coming back! Microgaming signs licensing deal for horror classic Halloween

New PartyPoker Pro Richard Dubini - A regular player in the Latin American live circuit, Dubini will travel alongside partypoker ambassador Joao Simao to gain feedback from players about partypoker to help optimise both live and online poker for the local players.

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