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According to Centrebet's Chairman and CEO Graham Kelly told shareholders, at the company's annual meeting, that online gambling revenues will continue to rise now that the Republicans are out of power in Washington D.C.

Online Executives Think Democrats Will Change U.S. Online Gambling Law
A leading executive of a publicly traded Internet online casino this week raised questions as to whether the new U.S. Congress, which, when it convenes in January, will be run by the Democrat party, will repeal the anti-Internet gaming laws enacted by Republicans during the waning hours of their scandalous tenure in October.

He even said he thinks his own company "might exceed" its 2007 financial year forecast.

"That legislation was enacted by a Republican Congress; whether that legislation will be enacted when the new Congress assembles will be a very different matter," Kelly said. "One should not necessarily assume that will stay the same in the U.S."

The company went public in July, and Kelly said that trading had started "strongly in FY 2007 for the four months up to October 2006." He added that, "we remain ahead of our forecasts."

The gaming firm, based in Australia, saw sales rise during the last financial year by eight percent above its forecast for Wall Street and global investors.

By Gene Koprowski

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December 4, 2006

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