BRIGHT NEW BUSINESS OPPORTUNITIES FOR CENTREBET
(Update)
3 July 2009
ACT TAB contract could attract other agencies
to fixed odds management service
The Australian online gambling group Centrebet could be
on to a new line of fixed odds management business that
has the potential to earn it solid profits, reports The
Australian newspaper.
The company has now
successfully launched its pilot contract with the ACT
TAB in Australia (see previous InfoPowa reports) and is
ready to extend the service to other agencies, which
will no doubt have been watching progress with interest.
Apparently thus far the integration and initial
operation has gone well.
On the ACT TAB contract,
Centrebet is paid a service fee on a sliding scale based
on the growth in racing and sports betting that it
achieves for its partners, with overall turnover
currently around A$200 million per annum.
Fixed
odds betting is apparently a burgeoning sector in TAB,
and Centrebet is anticipating "significant" growth as a
result.
Speaking to The Australian, Centrebet
deputy managing director Michael McRitchie said the
contract with ACT TAB has good potential and is expected
to generate over a million Australian dollars in net
profit during the next financial year.
Online Casino News Courtesy of
Infopowa
More news here.
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