Poker Company Goes Public

In the middle of this month traders will be able to buy shares of online gaming and wagering company Centrebet, which will be listed on the stock market in the Australian Stock Exchange. The company will be offering 35.11 million shares to the public at a price of two dollars apiece. The online poker market is part of Centrebet's portfolio, as is sports wagering. The Alice Springs-based company was bought by the Kafataris family from Jupiters Casino for just over $45 million in 2003.In discussing the company's wagering future, managing director Con Kafataris said that worldwide regulation is becoming more a likelihood as opposed to prohibition. And at this point in time it is illegal for Australian companies to offer online gaming to Australians.