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William Hill offers takeover bid to Centrebet

May 03, 2010
Centrebet Fish

UK bookmaker and online gambling operator William Hill made a $130 million takeover offer to Centrebet, one of the first licensed sportsbooks in Australia. Both parties insist that talks are preliminary, though it has been said that William Hill executives are now in Australia looking over Centrebet’s operation. The move seems to be part of William Hill’s recent globalization strategy.

The Australian: UK group William Hill to bid $130m for Centrebet

UK online sportsbook William Hill is poised to offer £80m ($132m) for online gambling operator Centrebet International.

William Hill’s executives are said to be in Australia examining Centrebet’s operations. It is understood that the groups are still in discussions, with final offers not yet regarded as imminent. Other major sportsbooks like Ladbrokes are still in the running.

William Hill has said it is interested in expanding its operations offshore by increasing its online presence instead of going for land-based betting shops. Australia is seen as fertile territory for bookmakers looking to expand.

“William Hill, Ladbrokes and (British group) Coral are companies I would expect, whether it’s through acquisitions or starting up themselves, to look at entering the Australian market at some point in the next year or so,” says Betfair Australia chief executive Andrew Twaits.

Sky News Australia: William Hill to make offer for Centrebet

UK sportsbook operator William Hilll has offered to pay $132 million for Centrebet.

Australian newspaper The Sunday Times reports that William Hill executives are in currently Australia, examining Centrebet’s books as part of an ongoing negotiation.

In March, Centrebet announced that it had received a number of acquisition proposals and was considering them all.

It is believed that there are other gambling groups interested in acquiring Centrebet, including William Hill’s UK rival Ladbrokes and Austria’s BWin.

The draft recommendation to liberalise Australia’s gambling laws recently published by the Productivity Commission has boosted overseas interest in internet gambling in Australia.

The Sydney Morning Herald: Centrebet continues consolidation talks

The internet gambling and betting group Centrebet International Ltd is still in talks with other operators over consolidation opportunities.

“Whilst parties have expressed interest in exploring a variety of transaction structures, no terms, including as to price, have been agreed,” Centrebet said in a statement on Monday.

“Centrebet anticipates that these discussions may continue for some time.” The group also admitted that the talks are preliminary, and may not result in any formal proposal being made.

Centrebet revealed back in March that it had received takeover proposals in February, and that the proposals were confidential and non-binding. At the time, it was speculated that Ladbrokes, William Hill and Sportingbet were all in talks with Centrebet.


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Tiger Woods – The Billion Dollar Athlete

Apr 06, 2010
tiger woods

Tiger is not his real name. This golf legend – perhaps the most famous golfer who ever lived – was born Eldrick Tont Woods. The name “Tiger” was given to him as a child by his father, and the nickname stuck with him through adulthood.

Woods’ father was a Vietnam vet. His mother was originally from Thailand. Both of his parents had mixed ancestry, making Woods one-quarter Chinese, one-quarter Thai, one-quarter African American, one-eighth Native American, and one-eighth Dutch. To keep things simple, Woods refers to himself as Cablinasian (Caucasian, Black, (American) Indian, and Asian.

In 1978, when Woods was 2 years old, he made his first television golf appearance, putting against showstar Bob Hope on The Mike Douglas Show. Before the year was up, he had won his first golf competition.  At age three, he shot a 48 over nine holes over the Cypress Navy course, and at age five, he appeared in Golf Digest. Woods established himself as a golf prodigy from an early age, and has yet to live down that title.

As a teenager, Woods’ career really picked up. He started getting noticed by the likes of Jack Nicklaus, and he was winning more big events than ever before. In 1994, at the age of 19, he moved on from his Junior League career to play in the U.S. Amateur Championship, becoming the youngest winner the event had ever seen.

After high school, Woods attended Stanford University on a golf scholarship. After two years of mixing school and golf, he left university, went pro, and immediately signed a $40 million endorsement deal with Nike – the biggest such deal the golf world had ever seen. Since then, the sponsorship deals have only increased, during Woods into the most marketable athlete the world has ever seen.

Woods has had an impressive pro career. To date, he has won 71 official PGA Tour events including 14 majors. His focus is on raw power, and he is known for his long drives. His short game is also good – his putting skills, especially when he’s under pressure, are a sight to behold. Despite his incredible skill he remains cautious in his game – he plays fewer big events than most pros, preferring to spend more time preparing for each one to be sure he plays the best game he can play.

The man’s skills have certainly paid off. Last year, Forbes confirmed that Woods is the first male athlete in sports history to earn more than one billion dollars during his career.

Woods has had a bad year, there’s no question about that. He’s lost many of his most lucrative sponsorships, and his charities have taken a hit. But as of April 2010 Woods back in the game, and he’s showing no signs of slowing down. In fact, both Both William Hill and Ladbrokes, two of the largest online sportsbooks, have Woods listed as the 4-1 favorite to win the next Masters. Does he still have what it takes?


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