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Sports betting growth leads JAXX to record first quarter

11th May 2012 7:50 am GMT

Germany’s JAXX said Thursday that it expects to report full year revenues between €60m and €70m for 2012, following a record first quarter performance which saw net gaming revenues increase by 21 per cent to €18.3m ($23.7m).

JAXX since it was the company’s most successful quarter since its establishment at the end of 1998.

Q1 Revenues

Sports betting stakes rose 34 per cent to €45.9m, which the company said reflected the continued rapid growth of the myBet platform [...]

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