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Gambling: new Business For Centrebet
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.
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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