Betbrokers After Vegas Gambling Info Co.

Published: Thursday, May 24, 2007 Online-Casinos.com

BETBROKERS GOING AFTER VEGAS GAMBLING INFO COMPANY

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."