Skip to main content

sales prospects fading for Aussie bookmakers?

Sportingbet started the trend by purchasing No1 Betting Shop from Vanuatu and then moving them to Darwin, Paddy Power got into the act by snapping up Sportsbet and IAS, and then Centrebet started preening their feathers in public trying to woo as many prospective buyers as they could. Anecdotal evidence suggests that several other Australian firms are available to buy, as most of the original owners are approaching retirement age. BWin, William Hill, Ladbrokes, 888 and others were mentioned as prospective suitors for Centrebet but it all seems to have gone very quiet lately.

BWin have tied up with Party Gaming which should keep them busy plus neither are shy about attracting Australian customers despite laws against online casino and poker operations; William Hill's online division is 29% owned by Playtech, another company with fingers in many bingo, casino and poker pies which reach Australia either organically or by targetted marketing; Ladbrokes are still involved in the bid for Victoria's retail wagering licence and are burdened by a net debt of over £500m, although they do block Australian clients; 888 is too heavily involved in non-wagering activity not to be affected by the remit of the Interactive Gambling Act of 2001.

Add that to the mess of the latest Federal Election which left Australia with a minority government which will have great difficulty in getting any legislative bills at all through both houses, so getting the restrictions on gaming operations and in-running betting online removed are unlikely to happen in the immediate future, despite frim recommendations from the Productivity Commission. There are too many attention-grabbing independents wanting their five minutes of fame allegedly protecting the social fabric of Australia, but really only trying to justify their existence. And PM Julia Gillard has already pledged to start cutting back on the evil poker machines (slots) in pubs and clubs, so it's hardly a surprise that foreign investors might hold off for a few years before acquiring an Australian firm. The cost of compliance, lobbying and everything that goes with it might be too much in the interim, leaving the likes of Centrebet, BetChoice, BetStar and TopSport gathering dust on the shelf.

Comments

  1. been reading and enjoying your blog for a few months now and wanted to chime in on this.

    absolutely right about the politics, i think the strong AUD is also having a major impact on the deals that looked like happening 6 months ago.

    cheers

    ReplyDelete
  2. Yes, definitely. I touched on that in one of the earlier posts - http://www.sportismadeforbetting.com/2010/05/william-hill-closing-in-on-centrebet.html

    Much the same as Aus expats waiting to go home - while the AUD is so strong, it's hardly worth it!

    ReplyDelete

Post a Comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

Henry VIII Novices’ Chase

It's not just about the Tingle Creek tomorrow at Sandown, there's a Grade 1 Novice Chase amongst the rather decent supporting card. Lining up for the preview is astute NH enthusiast Sam Tribe, @samtribe87.

---------------------

Racing Post Henry VIII Novices’ Chase
Grade 1 Chase, 2 Miles
Sandown 13:50
Likely going Soft, Good to Soft in places


With doubts concerning the fitness of last year’s Queen Mother Chase winner Sire De Grugy and of the two mile chase king Sprinter Sacre (despite bullish remarks from Henderson) there is a chance for another to step into the limelight. Both have won the feature race of the day, The Tingle Creek Chase and that will more than likely throw a few into the hat. However, I have chosen to take a look at the Henry VIII chase, which was changed to a grade 1 in 2011 and has been won by some nice prospects in the past (Somersby and Al Ferof to name but a few). Let’s hope that a potential Champion Chase contender of the future will feature in this …

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Kentucky Derby preview

It's America's big day of racing, where 90% of them will be there to be seen and most won't have a clue what difference Churchill Downs Inc's latest takeout hike does to shaft them on every bet placed. Throw in the standard arguments about race-day medication in the US and the recent New York Times/PETA expose on yesterday's Oaks-winning trainer Steve Asmussen, and racing in North America could be in better health.

Still, it's one of the elite races and great occasions of the world, and stepping up to the plate is Jon da Silva again, @creamontop, with his preview in a very American style. (No I don't understand Brisnet figures either...)

------------------------------

The Kentucky Derby Presented by Yum Brands

They say you should avoid food additive E-numbers which you can’t with Yum Brands…

Yum! Brands, Inc. or Yum! is a United States-based Fortune 500 corporation. Yum! operates or licenses Taco Bell, KFC, Pizza Hut, and WingStreet restaurants worldwid…