The share price of Centrebet went up sharply on Tuesday on the basis of news that the company has received many acquisition proposals.

On Tuesday, the share price of the online bookmaker rose up by 16 per cent to close at $1.89. By the second half of trading itself, the shares had already gone up by 16 cents to reach at $1.79. The rise was by as much as 9.8 per cent.

Its performance was slightly higher than the market rise, which too was good during the day.

As per the company, it has received offers from UK's William Hill, Sportingbet and Ladbrokes. This has happened just before the expected deregulation of the Australian market is to take place.

Nothing, however, has been finalised and Centrebet said that it could be several months before anything is finally decided.

But, the company also denied speculations that the acquisition would bring about changes in the management structure of the company.

Industry analysts believe that Centrebet is apt to attract foreign investors. And since 60 per cent of its shares are family-owned, it is much easier for any company to go for its takeover.