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Centrebet For Sale
3/9/10 - The possibility of an online gambling-friendly change in Australian federal gambling laws is creating ripples of interest among analysts and potential buyers alike, reports The Australian newspaper.
Shares in the family owned company Centrebet soared 16 percent this week, giving it a market capitalisation of A$143 million on speculation that three major overseas online gambling companies could be interested in snapping Centrebet up.
The company is 60 percent owned by the family of CEO Con Kafataris, and analysts opined that Ladbrokes, William Hill and Sportingbet are likely overseas suitors.
Industry observers base their speculation on the report of the Australian Productivity Commission (see previous InfoPowa reports) which has recommended a number of reforms to Aussie gambling law which are favourable for the growth of online sportsbooks and casinos in Australia, a country with a strong gambling culture.
"The report foreshadowed ending state TABs' monopoly operation of betting terminals and allowing Australian operators to run online casinos as well as introduce online betting on events while in progress," The Australian advises, quoting one analyst who is sure the prospect of such a change has heightened overseas interest in the Australian online gambling market's potential.
Centrebet released a statement to the Australian Securities Exchange on Monday saying it had received "a number of confidential, indicative, non-binding and conditional proposals from parties expressing an interest in the possible acquisition of the company and is facilitating discussions".
The Australian notes that Centrebet's takeover talks with the British firms follow the UK-based Paddy Power's purchase of a controlling stake in Australian-based Sportsbet in the middle of last year and Sportsbet's subsequent purchase of fellow Australian operator IASbet.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
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.
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