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Losing an Industry Staple

The Australian land and online casino gambling market really is in a huge state of flux right now as the Aussie government shifts its position on internet gambling and the state gambling companies adjust their business to meet the unique needs of the current land and internet betting markets. The online casinos have a large portion of the bets and gambling taking place in most countries all over the world right now – and though land venues have not become obsolete by any means, the shift is wholly and surely to the a trend that will only continue in the coming years. Centrebet is a well established company that has operated land horse track betting for more than 34 years in Sydney; Centrebet has now announced the company is shutting down land betting venues in favor of internet operations under the same name.

Centrebet plans to wholly focus expanding its business within the online betting industry and close down operations that were right at some of the most popular horse race tracks in the country. This move is monumental and really reflects the growing trend all over the world toward internet means and a web based society. Online casino gamblers enjoy the mobility and ease of internet betting –they can watch the matches from their homes if they so choose and still participate in the event wagering without ever having to actually be at the track.

All of this being said, Centrebet was not pleased to announce the closing of the land betting venues; the company has been a staple part of the Aussie betting scene for decades now, but revenues have fallen and the viability of the business was challenged to the point that Centrebet could no longer afford to continue running all of the land venues.