iGaming News all over the world 07.09.2010

07.09.2010, Centrebet International Reveals Outstanding Financial Results / ECJ Ruling May Restore Sports Club Budgets in Germany / ICE 2011 started its online visitor registration

Centrebet International Reveals Outstanding Financial Results
Centrebet International Ltd. is an online wagering and gaming company. The principal activities of the Company are the provision of online wagering products to the domestic and international sports, race betting market, entertainment and political events as well as online poker and casino products to overseas customers but not to Australian residents due to regulatory restrictions. The Company's subsidiaries include Centrebet Pty Ltd, SportOdds Systems Pty Limited, G Promotions Pty Limited, SuperOdds International Limited, Centrebet UK Limited and Centrebet Holdings Limited. Centrebet was formed via a merger, in October 2003 between Centrebet and SportOdds. The group represents some 13 years of successful operations in the global on-line and wagering market and obtained the first telephone sports bookmaking licence in Australia in 1992 and in 1996 was one of the first sports bookmakers worldwide to go on-line. Since then, the Group, has expanded operations by obtaining a bookmaking licence in the UK.

Centrebet has just released their financial picture for the latest full year results, which revealed an outstanding 75 percent increase in after tax profits to $13.09 million. Betting in Australia made up 80 percent of its total earnings before interest, tax, depreciation and amortisation. Centrebet has an established brand in its core markets of Australia and Scandinavian with an estimated 60,000 active customers. The competitive advantage has paid off for Cenrebet with an experienced management team and a broad product offering. With a wide variety of wagering and online gaming products, this provides multiple avenues to attract clients via cross selling opportunities. Centrebet's customers are also from the Nordic region the U.K. and Europe.

Graham Kelly chairperson for Centrebet, said, "CentreBet has delivered an outstanding financial year result, reaping the rewards from strategic initiatives focused on growing Australian online market share." Kelly added, "Investing in leading-edge product innovation and demonstrated effective cost controls are paying off. The company is in very strong shape financially and is well positioned to benefit from expected continued growth in the industry."

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ICE 2011 started its online visitor registration
UK).- Online visitor registration for ICE, traditional London gaming exhibition covering the betting, bingo, casino, lottery, online, street and remote sectors (to take place in Earls Court, London, January 25-27), has gone live with show organisers Clarion Events predicting in excess of 100,000 unique visits from gaming professionals based in more than 120 nations.

As part of its commitment to deliver more for all of its visitor and exhibitor stakeholders, Clarion has made a major investment in digital, transforming what was a conventional exhibition presence into a multi-functional portal where visitors can keep fully up to speed with developments across all gaming sectors in addition to planning their visit to ICE in minute detail and in so doing maximising the value of time spent at show.

Developed by Illumina Digital, the agency responsible for designing the acclaimed BBC iPlayer, www.icetotallygaming.com includes a wealth of information and applications including integrated Twitter, facebook and Linkedin pages for exhibitor and gaming updates, an archive of Clarion’s weekly Gaming Industry News service, information and click-throughs to the 70-plus community of gaming media which are supporting ICE and the latest information posted directly by the 400 exhibiting companies showing at ICE 2011.

Features to assist visitors gain maximum value from their visit include the ICE Interactive Floor Plan, which has been designed to help show attendees identify new companies and products, link-up with exhibiting companies prior to the show, and streamline time spent at ICE. In addition, the site includes an overview of the comprehensive conference and learning programme taking place as part of the exhibition including biographies on the panels of expert industry speakers who will be present in London.

Kate Chambers, Show Director responsible for ICE, believes the digital investment will help extend the business opportunities created for stakeholders beyond the physical space of the exhibition. She explained: “Whilst the opportunity to meet face-to-face with innovators from all strands of the gaming industry is unique to the exhibition, our objective is to leverage the power of the ICE brand to deliver on behalf of our customers every day of the year. We have delivered the first stage of our digital strategy and the early analytics are highly encouraging."

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ECJ Ruling May Restore Sports Club Budgets in Germany
The online gambling industry in Europe has been making headway in certain countries with the sponsorship of national sports leagues supporting teams in order to get advertising rights at sporting events.

The Luxembourg headquartered European Court of Justice is scheduled to rule Sept. 8 2k10 on whether Germany’s interstate gambling treaty breaks European Union regulations. If the ruling is in favour of opening up the wagering market in Germany sports may benefit in funding from the nation’s 7.8-billion euro gambling market. Gambling firms are featured on the jerseys of twenty clubs in Europe’s five most popular leagues, which is more than any other industry can claim. Bwin Interactive Entertainment has a deal with Real Madrid, nine-time European League champions estimated by the Remote Gambling Association to be worth 45 million euros over three years.

French, teams got a 20-million euro boost this season after the nation’s online gambling market was liberalized. There have been a number of suggestions as to which way the ECJ will rule on the Germany monopoly.

Gebhard Rehm, a professor of law at the Ludwig Maximilians Universitaet in Munich published his opinion in 2008 stating, "The state treaty is in my opinion not in conformity with European law," adding, "But the European Court of Justice has hinted in previous decisions at the legality and the admissibility of the system and you never know what the German government has tried to do behind the scenes in order to have that accepted in Luxembourg." Courts deemed the relationships between bwin and some soccer clubs in Germany illegal in 2007.

Hartmut Schultz, a bwin spokesperson said, before Germany banned online betting and on advertising for odds makers, bwin's German subsidiary spent "between 60 and 70 million euros," with an emphasis on soccer. The German unit had in comparison a marketing budget of only 3.7 million euros in 2009. Schultz, continued, "If the market were to be liberalized again, this budget would naturally be restored,"

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