Sportingbet Plc the internet gambling group based in the United Kingdom has issued its financial records for the 4^th quarter that ends on the 31^st of July.

The company also stated that the trends that the company witnessed in the last 9 months will continue to exist in the last quarter and that the company’s directors predict the results for the whole year to be up to par with the forecasts of the market.

According to a statement from Sportingbet, the operations in Australia have continued its amazing performance as the net revenue before the taxes and the bonuses increased by 93% if it is compared to the same period of 2011. It also stated that the integration between Sportingbet Australia and the recently acquired company, Centrebet was completed successfully during the month of June. It was completed one month before schedule.

As for the level of realized synergies, they were even more than what the company has expected. It made it clear that the fixed odds internet sport wagering is considered the main business and it represents a big chunk of the Group’s EBITDA.

Also the management of the company noticed that the business in Europe still faced a lot of problems due to the bad economic status and the negative impact of the newly regulated and legalized countries and the taxations resulting from it.  Also the biggest European market for the company, the Spanish market was closed for the initial thirty five days of this quarter until the market was launched legally on the 5^th of June.