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Centrebet expects market capitalization of $174 million

By Joni Hawk, Jun 2nd 2006
The Age in Australia reports: “Centrebet Corporation, owned by Sydney's wealthy Kafataris family, expects to list on the Australian Stock Exchange on July 12, after offering 35.11 million shares at $2.00 each to the public. The online betting and gambling company is placing its bets on a new generation of sport and poker enthusiasts.

"The family bought the Alice Springs based-Centrebet from Jupiters Casino in 2003 for $46.5 million.

"Centrebet expects to have a market capitalisation of $174 million upon listing.

"…Centrebet has a current client base of more than 60,000 active clients across Australia and Europe…"

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