Betbrokers After Vegas Gambling Info Co.

MAXIM

US$6.5 million (GBP3.3 million) deal to be financed through new share issue

UK betting brokerage Betbrokers plc has its eyes on the Las Vegas gambling information company Winning Edge, and has signed a letter of intent to clinch the acquisition, valued at US$6.5 million, by June this year

The acquisition is subject to further due diligence, agreement of satisfactory purchase terms and Winning Edge shareholder approval, and Betbrokers will finance the deal through a new issue of shares.

Winning Edge is a publicly-traded company which specialises in developing and marketing sports handicapping advice and information via the TV, radio and internet. Betbrokers said the acquisition would complement and significantly enhance its service offering as it allows the company to provide non-American customers with detailed information on US sports. It added that TV and radio sports-related content would also be sold by Betbrokers.

Wayne Lochner, Chairman and Chief Executive of Betbrokers says: "The proposed acquisition of Winning Edge is a significant step in our global growth strategy.  Wayne Allyn Root, the Founder and Chairman of Winning Edge, is an experienced television host and spokesman and his knowledge will be invaluable in developing Betbrokers' business going forward".

"My goal for Winning Edge has always been to build a global brand leader and expand our handicapping advice to international sports," said Wayne Allyn Root. "Joining with Betbrokers gives Winning Edge and its shareholders that opportunity."

wanbet-bc518

Fri 28 Sep 2007

LONDON (SHARECAST) - Betbrokers edged high today as the broker and clearing house for the sports betting industry tripled half year turnover and said the next 12 months promises further significant growth.

The AIM listed group reported a loss of £1.38m for the six months ended 30 June, out from £1.22m the year before, but revenue soared to £771,887 from £234,752.

The Voice Broking and Clearing House were the main drivers of the first half, said the firm, with cost control and client acquisition boosting gross profit by 178% to £565,000.

Operating costs for the period were £1.97m, up from £1.44m the year before due to increased regulatory costs, AIM float costs, increased advertising and marketing expenditure and other consultancy spend.

Betbrokers admitted that expected growth was held back partly by external factors such as the weather, with 18% of all racing fixtures cancelled in the four weeks to 24 July.

“This has had a temporary impact on the growth rate of the business, although the board remains confident that the core business is strong,” it said.

The focus for the second half is to bring the revenues for Voice Broking to cover the operating costs for the entire business, it added. This means all new businesses will enter service with their operating costs already covered, providing maximum profit margin.

Chairman and chief executive Wayne Lochner said, “The next stage of our development will be to bring the first phases of our data services to our client base (Winning Edge and Gold Sheet), and to introduce Spread Betting, Binary Betting and Casino services.”

Yesterday, the company completed the $6.5m purchase of Las Vegas-based sports information and tipping service Winning Edge.

It said today that further acquisitions are being considered, but only where they can advance the group’s strategic targets and have an immediate improvement on profitability.

wanbet-bc518

Betbrokers completes Winning Edge purchase

Thu 27 Sep 2007

LONDON (SHARECAST) - Betbrokers, a broker and clearing house for the sports betting industry, has completed the $6.5m purchase of Las Vegas-based sports information and tipping service Winning Edge.

The AIM listed group said the deal, first announced in May, will be part funded by the issue of 64.36m shares at 5p. A further 21.72m were issued at between 4p and 4.5p to provide working capital, while 3.03m were issued in lieu of payment to its ambassadors and consultants.

Winning Edge reported a turnover of $5.6m for the financial year to 31 July 2006 and a loss after tax of $1.205m.

“With the acquisition of Winning Edge now completed, we can focus on expanding the business and driving earnings in this exciting new division,” said chairman and chief executive Wayne Lochner.

“I am optimistic that the opportunities and synergies created following the acquisition of Winning Edge will deliver meaningful revenues and profits for the group.”

wanbet-bc518

Published: Saturday, November 03, 2007 https://www.gowanbo.cc

There'll be more than just fireworks happening on November 5...

Britain's traditional bonfire and fireworks night - November 5 - will also see the launch at Canary Wharf in London of Betbrokers plc's new online poker offering, which remained shrouded in mystery as we went to press.

According to an open invitation on the corporate website, Betbrokers will be launching its own poker offering with a celebrity tournament involving the firm's sporting ambassadors Phil Tufnell, Nasser Hussein and John Virgo.

Without identifying the poker software, CEO Wayne Lochner said ‘’This is the first of a number of new additional services which Betbrokers are launching as part of their one stop/one account strategy for clients to enjoy all their sport wagering and gambling activities through one account.’’

wanbet-bc518

英国博彩经纪公司betbrokers plc将推出自己的网上扑克室，目前还不清楚会使用什么扑克软件平台。

wanbet-bc518

A Winning Deal For Betbrokers

Monday, January 21, 2008 mgowanbo.cc

Acquisition of Wayne Roote's Las Vegas company delivering the goods

Betbrokers, a brokerage and clearing house for the sports betting industry is seeing some good results from its $6.5 million acquisition of Wayne Roote's Winning Edge group last year. The company has seen its average deal size rise by 16.18 percent, with the newly acquired Winning Edge adding $2.3 million in revenue.

The average deal size increased to GBP 1 106 for 2007, while the number of transactions rose by 74.7 percent to 52 352. Traded volumes were up to GBP 53.6 million from GBP 28.5 million.

Betbrokers' retail client base expanded to 1 345 as at 31 December 2007 from 519 a year earlier. The wholesale client base has also grown considerably and stands at 317, an increase from 213 at the corresponding date in 2006.

"Winning Edge has proved to be an important addition to the group's comprehensive offering as seen by the record turnover since the acquisition," said chief executive Wayne Lochner. "We are confident that Winning Edge will continue to perform in the future and believe that the group can benefit from the significant cross-selling opportunities that exist between our UK operations and Winning Edge," he added.

Betbrokers completed the $6.5m purchase of Las Vegas-based sports information and tipping service Winning Edge in September.