Centrebet Set For Shakeup

Online gaming and wagering outfit Centrebet (International Ltd) says it is still in talks with a number of parties over consolidation opportunities.

Media Man down under and Gambling911 continue to delivery hard hitting, informative and entertaining news to the world. We learn the current Centrebet talks are likely to have a major impact on the online and offline gambling, betting, poker et al sector in Australia and the entire Asia Pacific...

The parties are understood to be overseas concerns, all or most of which out of Europe.

"Whilst parties have expressed interest in exploring a variety of transaction structures, no terms, including as to price, have been agreed," Centrebet said.

"Centrebet anticipates that these discussions may continue for some time."

Centrebet advised the talks may not result in any formal proposal being made to Centrebet shareholders.

Centrebet had said back in March that it became aware of potential takeover proposals in February and that the proposals were confidential, indicative and non-binding.

In March there was speculation that Ladbrokes, William Hill and Sportingbet were in late stages of talks with Centrebet.

Australian Gaming Shares

Centrebet $1.595

Crown Limited $8.060

Tabcorp sitting $6.43

Ainsworth Game Technology $0.14

Aristocrat Leisure Limited $4.18

Tatts Group $2.39

*Greg Tingle is a special contributor for Gambling911

*Media Man http://www.mediamanint.com is primarily a media, publicity and internet portal development company

*The writer has conducted online b2b with Centrebet