Posts Tagged ‘horseracing’
CentreBet Launches IAS Takeover
In Australia, online gaming and wagering provider CentreBet International Limited has launched a takeover bid for one of its main domestic rivals, International All Sports (IAS).The deal reportedly worth $11.8 million funded by cash and an existing debt facility could create an online sports and racing wagering company with nearly 125,000 direct [...]
Tabcorp Profits Fall
Australian gambling and entertainment group Tabcorp Holdings Limited has raised $196.3 million from an institutional placement after announcing a 3.7 percent fall in profits for the last half of 2008.The Melbourne-based firm behind online bookmaker LuxBet.com revealed net profits after tax for the final six months of last year of $170.1 million, [...]
Ladbrokes Interested In Victoria License
British bettting giant Ladbrokes has expressed its interest in applying for a gaming license from Victoria following a visit to the southern Australian state by two of its key employees. The license Ladbrokes is concentrating on is currently held by Tabcorp but is due to expire in 2012 with bookmaker Tattersall also said to be interested. Kevin [...]
Administrator Calls For An Online Wagering Tax
The administrator for Irish horseracing, Horse Racing Ireland (HRI), has called on the Government to tax all offshore online and telephone betting as the industry reported its first decline for over 15 years. HRI reported that last year saw participation in horseracing grow to its highest levels ever in terms of the number of fixtures, [...]
