Canbet sold for $1m

The buyers are Patrick Tay and Elson Yin, two investors based in Singapore. The seller International All Sports is expected to continue managing Canbet during a transition period expected to conclude in Q3 2009.
IAS Chairman Barry Coulter commented: "The sale of Canbet presents an opportunity to transform IAS from a global operation into a more focused and profitable niche player in the Australian market."

Date published: 17 May 2009


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