27-09-2007 Betbrokers completes acquisition of Winning Edge

The UK’s first retail and wholesale brokerage and clearing house for the sports betting industry announced the completion of the acquisition of the US sports information and tipping service for $6.5 million through the issue of additional shares.

The acquisition, which is in line with Betbrokers' stated strategy of providing and selling data, is expected to make a positive contribution to Betbrokers’ earnings starting this year. Winning Edge will also be in a position to create a sports handicapping business based on the US model to provide advice on UK sports.

Wayne Lochner, Chairman and Chief Executive of Betbrokers, commented: "With the acquisition of Winning Edge now completed, we can focus on expanding the business and driving earnings in this exciting new division. Our initial focus is to increase demand for Winning Edge’s respected sports handicapping service in the US and Europe and also offer Winning Edge’s customers, who are located in countries where sports betting is legal, the opportunity to place bets through Betbrokers’ dedicated dealing facility in London."