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William Hill Talk of a GBP 80 million acquisition deal

5/3/10 - Persistent rumours that major British online gambling companies are interested in buying the Australian gambling group Centrebet (see previous InfoPowa reports) received a boost this weekend with the news that William Hill plc may be among the possible suitors.
 
The Sunday Times was first out with the news that a deal between the two companies worth an estimated GBP 80 million was in the works, with claims that an executive team from the UK company is already in Australia doing due diligence work.
 
Centrebet revealed in March this year that it had received "a number" of conditional acquisition proposals as part of a review of consolidation opportunities, both as acquirer and target. The company said no agreement had been reached and discussions could take several months to conclude.
 
Other companies said to be talking to Centrebet include Will Hill rival Ladbrokes, and the giant Vienna-listed online gambling group Bwin.
 
Australians’ propensity to gamble, and the recent recommendation by the government’s Productivity Commission suggesting that regulation may be a wiser course has increased interest in the country’s gambling business potential.
Last year Irish bookie Paddy Power bought control of the internet and telephone betting service Sportsbet and IASBet, and Betfair’s man in Australia, Andrew Twaits, recently said: "I think Australia is going to be squarely on the strategic map of a lot of those international businesses, so you will probably see more players come into the market."
 
"William Hill, Ladbrokes and (British group) Coral are companies I would expect, whether it's through acquisitions or starting up themselves, to look at entering the Australian market at some point in the next year or so."
 
Centrebet was the first bookmaker to go online in the Southern Hemisphere, and was acquired by the SportOdds Group in 2003 for A$ 46.55 million. In 2005, SportOdds merged its Centrebet, SportOdds.com and SuperOdds.co.uk businesses into one entity, known as Centrebet.



Gambling News :

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.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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