Centrebet Gets A$91 Million In Tax Dispute

Sportsbetting firm Centrebet has won a settlement from the Australian Taxation Office worth around A$91 million, a report in the Sydney Herald claims.

Centrebet, filed the action in court before it was acquired by Sportingbet PLC. The company claimed that it and taxation authorities in Australia were enbroiled in a "global GST dispute". This dispute arose from the fact that Centrebet was taxed on money wagered less winnings paid out, while not including prize payouts to offshore customers.

The agreement was filed by the Commissioner of Taxation and signed on December 20th, 2011 by Justice Jayne Jagot.

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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.