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JAXX agrees to sell lottery business for €12.5m

20th January 2012 8:54 am GMT

Germany’s JAXX has entered into an agreement to dispose of its lottery business to a group of investors for €12.5m, with the company looking to focus on its sports betting, casino and poker products through its myBet brand.

The company said Thursday that a provisional agreement had been signed between the management board of JAXX and the group of as yet unnamed investors.

The lottery operations, which comprise the companies JAXX GmbH (Hamburg), [...]

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