Wednesday August 31,2011 :  CENTREBET ACQUISITION COMPLETE (Update)
 
Now a wholly-owned subsidiary of Sportingbet
 
Sportingbet has finalised its acquisition of Australian online betting operator Centrebet, making the company the biggest operator in the Australian market.
 
Following the approval of Centrebet shareholders and the Federal Court of Australia as well as the suspension and delisting of Centrebet’s shares from the Australian Securities Exchange today,  Centrebet has officially become a wholly-owned subsidiary of Sbet Australia Pty Limited.
 
Andrew McIver, Chief Executive Officer of Sportingbet said: "We are delighted to have completed the acquisition of Centrebet which means we are now the leading bookmaker in Australia, a fast growing, regulated market.
 
“This transaction highlights the Sportingbet Group's strategy of increasing its proportion of revenue generated from regulated markets and of geographic diversification."