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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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