Centrebet Sports Weighing Public Offering
CentreBet will become a publicly-traded company.
AUSTRALIA – As reported by the Sydney Morning Herald: "Sydney bookmakers Con and George Kafataris appear to be finally preparing for a big punt on the sharemarket with the listing
CentreBet will become a publicly-traded company. of their online sports-betting shop, Centrebet.
"'We're looking at all options at the moment,' said Con Kafataris, confirming that public listing was one possibility.
"The brothers have sounded out brokers here, including Wilson HTM, and in Britain. A decision was expected before the end of the calendar year, Con Kafataris said.
"The British connection makes sense, not just because the company does a lot of its business in Europe (football is reputed to account for half of its bets).
"London's Alternative Investment Market has become a mecca for online gambling stocks and the Kafatarises don't have to look too far to see what a difference a UK listing can make.
"…Little is known about Centrebet's financials but it is expected to be valued north of $100 million…"
Alice Springs NT 0871
Australia
| Centrebet Pty Ltd was founded in 1992. In 1996, and was the first licensed bookmaker in the Southern Hemisphere to offer online sports betting. In November 2003 Centrebet was purchased by the SportOdds Group. SportOdds is Australia's largest, privately owned sports betting company. SportOdds has licences in the Australian Capital Territory, Northern Territory, Western Australia and the United Kingdom, with its administration headquartered in Sydney. |