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

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...

The Melbourne Cup preview 2019

We're back again for the greatest race on turf, the world's richest staying race and the only race in the world which creates a public holiday for millions of locals.




Once again a fine international field has been assembled and it's worth a deep look at the race. So get a cuppa and find a comfortable seat to plough your way through my preview!

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

The Lexus Melbourne Cup
Group 1, Handicap, 3200m
AUD 7,750,000
Flemington 1500 local, 0400 GMT
Broadcasters - Network 10 (AUS), Racing.com (worldwide), SkySportsRacing (UK)


1. Cross Counter
Trainer - Charlie Appleby (one previous Cup win)
Jockey - William Buick
Breeding - Teofilo - Waitress
Drawn 5, Weight 57.5kg

Last year's impressive winner who doesn't get the 3yo weight advantage this time. Won first up at Meydan in March but has run fourth, third, fourth in the big set weights staying races in England and Ireland, never quite making it as the next big staying star. While running close behind Stradivar…

Westow Stakes - York 16/5/19

The sun was out for a glorious opening day of the meeting, and races down the straight appeared to have no concerns about draw bias. Thursday's card has a few higher profile races but this 3yo sprint is worth watching closely, tomorrow and for future form.



British Stallion Studs EBF Westow Stakes
£50k, Listed & Class 1, 3yo, 5f
York 1605

Soldier's Call - flying machine, winning four of six starts in Britain last season, running third in the Prix L'Abbaye, beaten a neck at WFA then finished sixth as joint favourite in the BC Juvenile Turf Sprint. Has plenty on these on ratings, but life's rarely that simple with unexposed 3yos early in the season.

Broken Spear - more exposed than most of these and well beaten by Garrus first up. Missed Chester last week, probably due to the rain (or a poor draw). Pass.

Charming Kid - won at this meeting last season but has been a little erratic ever since. Well beaten on AW Championships Day, appears to be a few lengths off these.

Garrus -…