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JAXX completes sale of lottery business for €12.5m

8th May 2012 8:59 am GMT

Germany’s JAXX has completed the sale of its lottery business for €12.5m ($16.3m), allowing the company to focus its operations on its sports betting, casino and poker products under the myBet brand.

JAXX had initially entered into an agreement to dispose of its lottery business to an unnamed group of investors earlier this year in January. The sale was delayed however, with the company claiming at the time that the task of demerging the companies and [...]

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