Centrebet Considers Public Listing
As reported by the Sydney Morning Herald: "Sydney bookmakers Con and George Kafataris appear to be finally preparing for a big punt on the sharemarket with the listing of their online sports-betting shop, Centrebet. "'We're looking at all options at the moment,' said Con Kafataris, confirming that public listing was one possibility. "The brothers have sounded out brokers here, including Wilson HTM, and in Britain. A decision was expected before the end of the calendar year, Con Kafataris said.
"The British connection makes sense, not just because the company does a lot of its business in Europe (football is reputed to account for half of its bets).
"London's Alternative Investment Market has become a mecca for online gambling stocks and the Kafatarises don't have to look too far to see what a difference a UK listing can make.
".Little is known about Centrebet's financials but it is expected to be valued north of $100 million."