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Gambling: Centrebet Update
One of Australian online sportsbetting group Centrebet's prime acquisition targets for the past few months, International All Sports, is off the list following Paddy Power's successful bid to gain a major interest in the company through Sportsbet, and Centrebet is now looking elsewhere, the company announced this week.
The announcement draws a line under the determined attempts, which included a hostile takeover bid, made by Centrebet to gain a strong foothold in its IAS rival.
The company feels that there are good alternative possibilities in the market in the wake of the privatisation of agencies and licenses planned by state governments in New South Wales, Tasmania and Victoria.
Luke Brill, Centrebet's marketing chief, says: “We’re continually looking for acquisitions. We’ve got a strong name in the Australian marketplace and we are increasing our marketing spend and registrations.”
The Australian gambling market is a vibrant and therefore attractive one, and Centrebet could face competition on the acquisition trail from European rivals following Paddy Power's lead in entering the Aussie sector with its Sportsbet move and reported follow-on expansion plans.
Ladbrokes has already shown interest in the Victoria state gaming licence (see previous InfoPowa reports), and in the Tote Tasmania betting agency, and Betfair has a well-established Australian arm.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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