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The Australian online gambling group Centrebet could be on to a new line of fixed odds management business that has the potential to earn it solid profits, reports The Australian newspaper.
The company has now successfully launched its pilot contract with the ACT TAB in Australia (see previous InfoPowa reports) and is ready to extend the service to other agencies, which will no doubt have been watching progress with interest. Apparently thus far the integration and initial operation has gone well.
On the ACT TAB contract, Centrebet is paid a service fee on a sliding scale based on the growth in racing and sports betting that it achieves for its partners, with overall turnover currently around A$200 million per annum.
Fixed odds betting is apparently a burgeoning sector in TAB, and Centrebet is anticipating "significant" growth as a result.
Speaking to The Australian, Centrebet deputy managing director Michael McRitchie said the contract with ACT TAB has good potential and is expected to generate over a million Australian dollars in net profit during the next financial year.
Cryptologic 14 top games to be provided to Loto-Quebec -
02/08/2012 : The companies have signed a multi-year agreement that will see Cryptologic providing a portfolio of quality games to the Societe du jeu virtuel du Quebec, the online gaming division of the provincial state lottery corporation Loto-Quebec, known as Espacejeux.
Utah : Online Gambling : HB108 -
02/08/2012 : An intrastate attempt by Utah politician Stephen Sandstrom to introduce state legislation banning any legalisation of internet gambling has failed at the start gate.
MORE U.S. DISCUSSION ON INTERNET GAMBLING DUE THIS WEEK -
02/08/2012 : Interest in online gambling in the United States is set to continue on Thursday this week when the US Senate Committee on Indian Affairs meets to hear the views of a wide cross section of interested parties on the possible impact of legalised internet gambling on tribal gaming.
Judge wont dismiss DoJ Black Friday charges -
02/08/2012 : Former Utah banker John Campos and e-processor Chad Elie, who face charges relating to the payment processing of online poker transactions, suffered a setback Tuesday when a Manhattan judge refused to allow their motion for dismissal of Black Friday indictments against them.
ANOTHER MAJOR INTERNET GAMBLING BUST IN MALAYSIA -
02/08/2012 : Police units in Malaysia raided a series of premises in a week long anti-online gambling operation, seizing 225 computers and detaining 47 men, according to reports from the Bernama news agency. All of the detained men were later released on bail.
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