DGAP-News: JAXX SE: mybet granted sports betting licence in Schleswig-Holstein
(firmenpresse) - DGAP-News: JAXX SE / Key word(s): Miscellaneous
JAXX SE: mybet granted sports betting licence in Schleswig-Holstein
03.05.2012 / 11:42
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mybet granted sports betting licence in Schleswig-Holstein
- mybet operator PEI Ltd. receives one of the first three licences
- Launch of www.mybet.de website with sports and live betting
- Casino and poker products expected to follow in summer
Kiel, May 3, 2012 - PEI Ltd., which is part of the JAXX SE Group (Deutsche
Börse, Prime Standard, ISIN DE000A0JRU67), is one of the first three
companies to have been granted a licence for the organising and marketing
of sports betting in Schleswig-Holstein. It can now quite legally offer
betting on football, tennis, handball and many other sports on the Internet
at www.mybet.de. The 20 percent levy on revenue is passed on to the state
of Schleswig-Holstein and the bulk of this money will be used to promote
mass sport. mybet was issued with the permit today by the
Schleswig-Holstein Ministry of the Interior.
For the JAXX Group, the granting of the licence means that mybet can now
for the first time operate on a legally watertight basis with a German
licence. The new arrangements guarantee mybet's German customers 100
percent reliability, 100 percent security and 100 percent fun.
Mathias Dahms, Management Board spokesman of the Kiel-based holding company
JAXX SE, declared: 'Bearing in mind that we are based in
Schleswig-Holstein, we are of course proud to have been granted one of the
first Schleswig-Holstein sports betting licences. The permit for mybet is a
document of historic importance because it represents a trailblazing
approach to the regulation of the gaming industry. The regulatory
authorities in Kiel conducted an exhaustive and very demanding examination
that in certain respects exceeded the standards applied in other European
countries. It involved a great deal of work for us. But Schleswig-Holstein
is the only German state to have understood how to go about drafting
legislation that complies with both European and constitutional law and
takes account of the interests of players, providers and the state in equal
measure. The draft State Treaty of the other 15 federal states is clearly a
shabby compromise that has lost its way in a bureaucratic jungle at federal
level. The opposition in the Kiel state parliament, too, will now discover
that having its own gaming law is good for the state, and good for its
finances.'
The timing of the licence's granting is perfect: there are a number of
major sporting events coming up, for which mybet will be offering exciting
betting opportunities. The end of the Bundesliga season will be followed by
high-calibre finals to the German Football Cup and the Champions League. In
June, the European Championship in Poland and Ukraine will be the year's
top event. Football's summer break will be filled by the Olympic Games in
London, then the 2012/2013 Bundesliga season will get under way. Through
its sponsorship of the clubs SpvGG Greuther Fürth and Fortuna Düsseldorf,
mybet will be actively involved in both the first and second divisions of
the Bundesliga.
mybet also applied for a casino and poker licence. Because of the large
number of applicants and the exhaustive examination process, the Ministry
of the Interior has indicated that the widening of the permit's scope is
likely to take place in the summer.
About JAXX:
JAXX SE, listed in the Prime Standard of Deutsche Börse, is a financial
holding company with holdings in international companies in the gaming
industry. JAXX currently holds interests in companies in Germany, the UK,
Italy, Spain, Austria, Malta and Belgium. JAXX SE has its headquarters in
Kiel. The holding companies cover the entire spectrum of the games and
gambling industry. Depending on national regulatory structures, they broker
or market sports and horse betting, lotteries, and casino and poker games.
The best-known brands of the JAXX Group include the sports betting provider
mybet.com. The shares of JAXX SE have been traded at Deutsche Börse since
1999 under ISIN DE000A0JRU67.
Contact:
Stefan Zenker
Investor Relations&Corporate Communications
JAXX SE
Tel. +49 40 8537 8847
stefan.zenker(at)jaxx.com
End of Corporate News
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03.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: JAXX SE
Jägersberg 23
24103 Kiel
Germany
Phone: +49 (0)431 88 104-0
Fax: +49 (0)431 88 104-40
E-mail: ir(at)jaxx.com
Internet: www.jaxx-se.com
ISIN: DE000A0JRU67
WKN: A0JRU6
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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167930 03.05.2012
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Datum: 03.05.2012 - 11:42 Uhr
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