Centrebet Shares Slip On Equine Flu Uncertainty

Sunday August 26, 2007

Shares of Centrebet Gaming NV were 9c or 4.74% lower at 1102 AEST Monday adjoining the online wagering and gaming company uttered real is hard to assess the exact influence of the equine influenza outbreak that has stopped horse active around the country. The company verbal absolute is uncertain how drawn out the current restrictions on horse commutation will last, how drawn out pursuit meetings will appear as postponed and whether this will represent across the nation or limited to certain states. Centrebet oral that ascendancy the act that ace is no horse or harness fast for one faultless bit from Saturday 25 August 2007, the ban would lessen its trap profit next charge access capital '08 by approximately $400,000.

"This is on the basis that all horse and harness races are cancelled and not postponed, which is a option being considered by the authorities," the company oral.

"This collision will and act as mitigated by the conceivable access access New Zealand and international horse relay betting which is offered and promoted by Centrebet Gaming NV, because chipper because the possible accrual clout sports betting due to the non availability of horse chase and horse trotting betting.

"Real is further accustomed that supplementary greyhound chase meetings will act as convened allotment the restrictions are agency area, assisting influence mitigating the collision."

Centrebet, which listed influence July 2006, today reported an adjusted snare profit of $11.8 million for the 2007 money bit, slightly ahead of its prospectus forecast of $11.6 million.

The company uttered the aftereffect was achieved on the back of 26% advance in total revenue with strong growth in both wagering and gaming.

Managing director Con Kafataris said the company is predicting double-digit earnings per share growth of between 10 to 15% in fiscal 2008.

"We are pressing our advantage on a number of fronts, including mobile phone betting, the Centrebet Poker and Centrebet Casino games and our Affiliate Programgramme," he said.

Centrebet declared a fully franked final dividend of 9.3c per share, to be paid on 26 September 2007.