Friday, May 12, 2006

As reported by the Sydney Morning Herald: "Sydney bookmakers Con and George
Kafataris appear to be finally preparing for a big punt on the sharemarket
with the listing of their online sports-betting shop, Centrebet. "'We're
looking at all options at the moment,' said Con Kafataris, confirming that
public listing was one possibility. "The brothers have sounded out brokers
here, including Wilson HTM, and in Britain. A decision was expected before
the end of the calendar year, Con Kafataris said.

"The British connection makes sense, not just because the company does a lot
of its business in Europe (football is reputed to account for half of its
bets).

"London's Alternative Investment Market has become a mecca for online
gambling stocks and the Kafatarises don't have to look too far to see what a
difference a UK listing can make.

".Little is known about Centrebet's financials but it is expected to be
valued north of $100 million."