Online Casino Blog

The Australian online gambling scene lit up last week as news emerged of a A$18.6 million hostile takeover attempt by Centrebet on International All Sports group. If successful the attempt would make Centrebet one of the largest corporate bookmakers in Australia. The cash offer will increase to A$29.91 million if Centrebet manages to acquire more than 90 percent of the issued share capital of IAS. Centrebet’s chairman, Graham Kelly, corresponded with IAS shareholders last week, describing his company’s offer as “…an extremely attractive opportunity” and characterising IAS as “…a poorly performing company”. His letter offered the opinion that would have  [ Read More ]