Centrebet Could Get Huge Payout In Tax Refund

Online betting company Centrebet may be the beneficiary of a refund of nearly A$90.7 million in sales tax that the company has paid to Australia.

Centrebet has been pursuing the massive amount of money through Australian Federal courts, and was told this week by the Commissioner of Taxation that he would not plan on appealing a case that was won by Sportsbet, another gambling company. In that case, Sportsbet received a refund of sales taxes paid from 2005 to 2009 in the amount of nearly A$36 million.

In a statement released by Centrebet it was stated: "Further, the commissioner's solicitors have informed Centrebet Pty Ltd that they are instructed that he will not re-argue the issues in the Centrebet proceedings."

The massive refund is good news for Centrebet, who is currently in the process of being acquired by Sportingbet.

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