Centrebet makes an off-market takeover offer for International All Sports

Graham Kelly, Chairman of Centrebet, which offered A$22 million for its rival Australian bookmaker, stated: “IAS is an excellent strategic fit with our business. Centrebet would become one of the largest corporate bookmakers in Australia, deriving substantially higher revenues than we do today by maintaining both strong brands with their own product offerings."
It remains unclear what Centrebet would do with CanBet, which has been a major source of problem for IAS, with almost A$9 million in losses in 2008.

Date published: 03 February 2009


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