03/19/2012 : JAXX REPORTS REVENUE RISE
Focus on myBet entry into newly-regulated markets
Kiel-based gaming firm JAXX SE has reported a 19 percent rise in revenue amounting to Euro 60.7 million (2010: Euro 51.2 million) over its 2011 fiscal year and an EBIT of Euro 1.6 million with business from its online gaming, sports betting and poker operation myBet boosting figures in the last quarter of the past year.
JAXX reports the sale of its lottery business as slightly delayed due to the demerging process but still making steady progress. The company expects to realise an acquisition price of Euro 12.5 million for the business.
The firm reports making inroads in both local and international markets with applications in for a sports betting and casino licence from the Schleswig-Holstein Ministry of the Interior and the Spanish gambling authority. myBet.it will launch into the Italian market within the next few weeks having been awarded an AAMS state gaming licence.