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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.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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