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JAXX to raise €4.8m to fund marketing expansion

18th February 2011 8:10 am GMT

Germany’s JAXX SE has agreed to implement a capital increase worth €4.8m by way of a rights issue, which the company will use to fund marketing activities including the expansion of its myBet sports betting brand and the opening up of new myBet betting shops.

Following approval from the company’s Supervisory Board, the Management Board of JAXX have resolved to make partial use of the company's approved capital and implement a capital increase by way of [...]

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