Centrebet forsee changes

Centrebet chairman Graham Kelly is uncertain as to whether the recent anti-gambling laws in the U.S would be approved by a new ruling party in the Congress.

"That legislation was enacted by a Republican Congress. Whether that legislation will be enacted when the new congress assembles will be a very different matter," he said. “One should not necessarily assume that will stay the same in the US."

His statement follows the news that his company may well surpass predictions for the 2007 financial year.

The Australian waging and gaming company finished the last financial year 8 percent above predictions, with Kelly declaring that 2007 will be a year of good financial returns as the company implement what they describe as “a defined strategy”. Centrebet plan to cross-sell gaming products to existing clients, explore mobile betting and expand into Spain.

Kelly also went one to say that although the company may be an attractive option and susceptible to a takeover bid, Centrebet remained open to any future acquisition opportunities.

Managing director Con Kafataris confirmed that Centrebet was in talks with partners in Asia, with mobile betting the likely subject of the discussions. Kelly emphasised the potential of the company in the mobile betting field, describing it as the “fastest growing sector”.

Editor, Jackpot.co.uk - 2006-11-15 11:17:02

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