|BetBrokers, a brokerage and clearing house for the sportsbetting industry, has announced that the average deal size has risen 16.18 percent following its purchase of Las Vegas-based sports information and tipping service Winning Edge.|
Previously run by Wayne Roote, BetBrokers purchased Winning Edge in September for $6.5 million and the newly acquired business has added $2.3 million in revenue.
The average deal size increased to $2,163 for last year while the number of transactions rose by 74.7 percent to 52,352. Traded volumes were also up to just over $104 million from $55.7 million.
In addition, BetBrokers announced that its retail client base expanded to 1,345 from 519 a year earlier with the wholesale client base also growing considerably to 317 from 20006’s figure of 213.
'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 Wayne Lochner, Chief Executive for BetBrokers.
'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.'