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Sportingbet Finalizes Centrebet Deal

31 August 2011 by Jeremy Wilson

This story was published more than 12 years ago.

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."

About the author

Jeremy Wilson // Senior Editor
Jeremy Wilson
Jeremy has senior editorial responsibilities across all areas of the site. He lives in Sydney, Australia and has been working with Casino Listings in various roles since its inception in 2007. His go-to game is Blackjack.