Centrebet International (CIL)

Shares / Stock Code

CIL

Stock Exchange / Sharemarket

Australian Securities Exchange

Centrebet International (CIL) is an online wagering and gaming company. Its wagering business offers fixed-odds on-line betting on a diverse range of Australian and international sporting, racing, entertainment and political events. The company's gaming business offers on-line poker and casino products, but not to Australian residents due to regulatory restrictions. The principal activities of the Company are the provision of online wagering products to the domestic and international sports and race betting market, as well as online poker and casino products to Centrebet’s overseas customers. The Company’s subsidiaries include Centrebet Pty Ltd, SportOdds Systems Pty Limited, G Promotions Pty Limited, SuperOdds International Limited, Centrebet UK Limited and Centrebet Holdings Limited.

Centrebet International (CIL) has an established brand in its core market of Australia and Scandinavian regions with over 60,000 active customers. The competitive advantage comes from its highly experienced management team in the field of gaming and wagering, highlighted by its broad product offering leveraging off its scale. With a wide variety of wagering and online gaming products, this provides multiple avenues to attract clients via cross selling opportunities.

The company's customers are largely domiciled in Australia with 54% of turnover being derived in this region. However, Centrebet also have exposure to the Nordic region 29% while a combined UK and Europe make up 11% of turnover. Tabcorp, Tattersalls, Crown and Aristocrat Leisure are key competitors in the wagering market. Casino's and the emergence of Betting exchanges are seen as an increasing threat.

Centrebet International History

Centrebet was formed from a merger, in October 2003 between Centrebet and SportOdds. The group represents some 13 years of successful operations in the global on-line and wagering market and obtained the first telephone sports bookmaking Licence in Australia in 1992and in 1996 was one of the first sports bookmakers worldwide to go on-line. Since then, the Group, has expanded operations, obtaining a bookmaking Licence in the UK.

Centrebet International (CIL) Products and Services

  • Online wagering and gaming company

Centrebet International (CIL) Locations and Subsidiaries

Centrebet International Head Office
110-116 Bourke Road, Level 1,
ALEXANDRIA, NSW 2015

Phone: (02) 9206 8888
Fax: (02) 9310 5252

Centrebet International (CIL) Share Price

Submitted by ASX Listed Company on 6 March, 2010 - 23:55

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