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JAXX subsidiary myBet.com granted sports betting licence in Belgium


JAXX SE / Key word(s): Miscellaneous

21.07.2011 / 09:54


JAXX subsidiary myBet.com granted sports betting licence in Belgium

Kiel, July 21, 2011 - myBet.com has been granted a licence for offering sports betting in Belgium. The permit, which covers all three regions of Belgium, means myBet.com is immediately able to offer sports betting in an unlimited number of betting shops. The first myBet shops are to be opened within the next few days.

The licensee is QED Belgium SPRL, a newly established member company of the JAXX Group. The 'F1 licence' is initially for providing sports betting over the counter (at betting shops). As soon as the regulatory framework for the internet has been finalised, it is expected that the permit will swiftly be extended to include online products ('F1+') because myBet.com is one of the official participants in the 'Internet Test Group' set up by the Belgian Gaming Commission.

The Belgian Government only recently passed legislation on the reorganisation of the gaming market. Similarly to Italy, France, Denmark and Spain before it, in April Belgium likewise followed the general trend in the EU of ending monopolies and allowing private gaming providers to operate in a regulated environment.

Mathias Dahms, Management Board spokesman of JAXX SE, remarked: 'While Germany's federal states with the exception of Schleswig-Holstein are finding themselves increasingly isolated in the EU because of their protectionism, Belgium is yet another good example of how a market for gaming can be regulated sensibly and liberally - without stifling the emergence of competition in its infancy or neglecting sensitive topics such as player protection and gambling addiction. We are delighted to be able to compete in the Belgian market with such an outstanding brand as myBet.com.'

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, 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 shares of JAXX SE have been traded at Deutsche Börse since 1999 under ISIN DE000A0JRU67.

Contact:

JAXX SE
Investor Relations & Corporate Communications
Stefan Zenker
Tel.: +49 40 8537 8847
email: stefan.zenker@jaxx.com



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132740  21.07.2011