Jupiter Ltd's online gaming group Centrebet will be sold to SportsOdds Group for $46.55 million. The sale of the Alice Springs-based betting agency comes just days before parent company Jupiters Ltd merges with Victoria's Tabcorp Holdings Ltd. In a statement issued by Jupiters, the company said it intended to distribute net proceeds of the sale to its shareholders by way of a special fully franked dividend, conditional on the scheme proceeding. Gross proceeds of the sale will be subject to a number of deductions, including expenses of the sale and adjustments for unresolved bets and costs related to ensuring business continuity. The deal is however, subject to several conditions, including the issue of a Northern Territory betting licence to SportsOdds, as well as there being no termination of Centrebet's Northern Territory and UK betting licenses.