Centrebet Explained

Centrebet
Type:Private
Foundation:1993
Location:Alice Springs, Australia
Key People:Michael McRitchie (CEO)
Peter Foot (Chief Bookmaker)
Industry:Gambling
Parent:BetEasy
Homepage:www.centrebet.com

Centrebet was an Australian bookmaker licensed in the Northern Territory.[1]

Centrebet originated from Alice Springs, Northern Territory and was the first bookmaker to be licensed in Australia in 1993 and the first bookmaker to go online in the Southern Hemisphere. Centrebet was acquired by its biggest domestic rival, the SportOdds Group in 2003 for the sum of $47 million. In 2005, SportOdds merged its Centrebet, SportOdds.com and SuperOdds.co.uk businesses into one entity, known as Centrebet. In 2006, the company was listed on the Australian Securities Exchange.[2]

In May 2011, Centrebet entered a scheme of arrangement with Sportingbet and was delisted on 1 September 2011.[3] [4]

In 2017, the Centrebet brand was revived by William Hill Australia[5] In 2018 Centrebet was included in the merger of William Hill Australia with CrownBet to form BetEasy.[6]

Notes and References

  1. Book: Williams. Robert J.. Wood. Robert T.. Parke. Jonathan. Routledge International Handbook of Internet Gambling. 2012. Routledge. 9780415594431. 3.
  2. https://announcements.asx.com.au/asxpdf/20060711/pdf/3xhwskdpwjncq.pdf Centrebet International Limited: Admission to Official List
  3. https://announcements.asx.com.au/asxpdf/20110527/pdf/41ywmlvvwhnysx.pdf Centrebet International Limited enters into Scheme Implementation with Sportingbet
  4. https://announcements.asx.com.au/asxpdf/20110901/pdf/420tglhjsqt6l0.pdf Centrebet International Limited: Removal from Official List
  5. https://web.archive.org/web/20230622055404/https://www.punters.com.au/news/william-hill-relaunch-centrebet-20170104/ William Hill relaunch Centrebet as a service for serious punters
  6. https://www.reuters.com/article/us-william-hill-divestiture-australia-idUSKCN1GI0UR William Hill exist Australia with $244 million CrownBet sale