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JAXX narrows Q2 loss with sports betting gains

12th August 2010 8:53 am GMT

Germany's JAXX AG has reported a 21 per cent increase in revenues to €31.7m for the second quarter of 2010, boosted by average sports betting margins of 20 per cent during the World Cup and the launch of live betting at its mybet.com subsidiary.

The company said it benefited from a successful World Cup, particularly from a number of drawn matches and several outsider wins during the group stages of the competition. Average margins reached 20 [...]

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