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JAXX hits first annual net profit since 2005

30th March 2012 8:42 am GMT

Germany’s JAXX SE will propose at its next shareholders’ meeting to be renamed mybet Holding SE as the company looks to focus its operations on sports betting, casino and poker products under the mybet brand during 2012.

In its final results for 2011, JAXX reported a 19 per cent increase in consolidated revenues to €60.7m, of which sports betting accounting for 41 per cent of the total.

Segmental results

Predominantly underpinned by mybet products, sports betting revenues were [...]

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