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Sportingbet Trying to take over Centrebet
Written on 5/12/11 By Recentpoker.com staff writer Anthony Aperman :
Proposal remains subject to a number of conditions
Australian internet gambling company, Centrebet International Ltd (Centrebet) has announced that London-listed Sportingbet is proposing a takeover bid for the company and that negotiations are in an advanced stage.
The company said it views the talks with Sportingbet as a consolidation opportunity but impressed that no agreement had yet been reached and any proposal remains subject to a number of conditions.
The discussions involve the acquisition by Sportingbet of all of Centrebet's outstanding ordinary shares and performance rights (Securities) for a consideration of around A$2.00 in cash per security equating to approximately A$175 million.
Reuters reports that Sportingbet expects the acquisition to add to its earnings in the first full year post integration.
"An acquisition would accelerate Sportingbet's strategy of increasing its exposure to regulated markets and of geographic diversification," Chief Executive Andrew McIver said in a statement.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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