A lot is happening in the Australian Sports betting scene and the latest is the takeover Aussie’s Centrebet by London listed online sportbook operator Sportingbet. Well, can’t say that things came easy for Sportinbet when it comes to the takeover as they had to go through serious negotiations for nearly four months. Want to know the final price that Sportingbet finished the purchase for? A whooping US$183 million!
Service has been provided by Sportingbet, which is enabled by its Northern Territory license. The London based gaming operator is also the current largest and best online casino bookie in Australia.
During the purchase the CEO of Sportingbet Andrew McIver expressed the delight of Sportingbet in completing the acquisition. He also added that the purchase has made their business the leading bookmaker in Australia. The CEO spoke about the company’s strategy of geographic diversification. As for Centrebet the takeover was completed in August once it was granted approval by the Federal Court of Australia. The purchase has also been approved by the share holders and this was followed by the delisting of the company form Australian Securities Exchange as it became a subsidiary of Sportingbet. This purchase has left Sportingbet on the top of the Australian online sports betting company’s list.
Published by Bruce Parker of Australian Online Casinos.