Sportingbet who won their court approval in Australia for the purchase of local bookmaker Centrebet, seems now certain to be purchased itself by mega bookmaker Ladbrokes.
The Aussie Bookmaker now purchased by Sportingbet
Ladbrokes & Sportingbet have been in talks since June this year over a 75p share offer, now that the online bookmaker has purchased Centrebet making them the biggest bookmaker in Australia and even more attractive to Ladbrokes.
Also with Ladbrokes stating that they would not buy Sportingbet until the company pulled out of Turkey, the online operator is now looking to offload that part of their operation for some 35 million pounds which accounts for 20% of their business.
It seems likely now that the Ladbrokes/Sportingbet takeover will be concluded by the end of 2011.
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