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Jaxx Aiming High for Q2 Following Sports Betting Growth

10th May 2010 8:54 am GMT

Germany's Jaxx AG has reported a 27 per cent increase in revenues to €32.0m for the first quarter of 2010, following strong growth in the company's sports betting operations.

Sports betting revenues increased 32 per cent year-on-year to €25.2m, with 38 per cent of sales generated online and 62 per cent via offline terrestrial channels. Online customers increased by 41 per cent to 637,000 during the quarter, with betting stakes per active customer per month dropping [...]

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