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mybet shares jump 20 per cent on German court ruling

10th April 2014 7:50 am GMT

The nine-year legal dispute between German gaming operator mybet Holdings, formerly Jaxx, and Westdeutsche Lotterie (WestLotto) has ended with the Higher Regional Court of Düsseldorf awarding damages of €11.5m plus interest to mybet.

The decision of the court is final with no right of appeal, although WestLotto has the option to file a complaint regarding the non-admission of its appeal with the Federal Supreme Court within one month.

The dispute stems from 2005 when mybet's then lottery [...]

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