Rumours rife in Centrebet acquisition

Talk of a GBP 80 million acquisition deal

Persistent rumours that major British online gambling companies are interested in buying the Australian gambling group Centrebet 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, and businesses into one entity, known as Centrebet.

General Gambling News

Login to post a comment:


Click Here to register a new account

What's going on right now!

4mins ago someone from United States read Las Vegas USA Casino review

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h


  • New Members
  • Members Online
  • Guests
Highest Community Rated Online Casinos
Guts Casino
  (334 Ratings)
32 Red Casino
  (616 Ratings)
Lucky Red Casino
  (340 Ratings)
BETAT Casino
  (333 Ratings)
Club USA Casino
  (451 Ratings)
Mr Green Casino
  (433 Ratings)
Buzzluck Casino
  (298 Ratings)
  (290 Ratings)
  (295 Ratings)
Raging Bull
  (245 Ratings)
Bet365 Games
  (288 Ratings)
Casino Adrenaline
  (203 Ratings)
Unibet Casino
  (259 Ratings)
  (292 Ratings)
  (379 Ratings)
  (141 Ratings)
  (128 Ratings)
Betsson Casino
  (359 Ratings)
Redbet Casino
  (266 Ratings)
Betsafe Casino
  (343 Ratings)
  (185 Ratings)
Casino Extreme
  (315 Ratings)
Vera John Casino
  (279 Ratings)
ComeOn Casino
  (392 Ratings)
Bet365 Casino
  (549 Ratings)
Slotty Vegas
  (203 Ratings)
Thrills Casino
  (291 Ratings)
  (217 Ratings)
Sportingbet Casino
  (162 Ratings)
Intertops Red Casino
  (198 Ratings)

Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus