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Sportingbet has completed a deal this week to acquire Australian based Centrebet, thus becoming the largest betting operator in Australia.
The deal was finalized after approval of Centrebet shareholders, and the Federal Court of Australia. Additionally, Centrebet shares were de-listed from the Australian Securities Exchange. Centrebet is now a wholly owned subsidiary of Sbet Australia Pty Limited.
Commenting on the finalization of the deal, Sportingbet Chief Executive Officer Andrew Mclver 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."