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FLUXX subsidiary JAXX UK Ltd. granted British sports betting licence

FLUXX AG / Miscellaneous



Corporate news transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Entry into British betting market planned
- Rainer Jacken: 'Further landmark in our European growth strategy'

Altenholz/London, February 06, 2007 – The London-based JAXX UK Ltd., a
subsidiary of FLUXX AG (ISIN DE000A0JRU67) established at the end of 2006,
has been successful with its application for a bookmaking licence for
arranging sports betting in Great Britain. In having secured this permit
from the British licensing authorities, FLUXX is thus entering one of the
biggest betting markets in the world. The British bet around
GBP 45 billion (approx. EUR 68 billion) on horse racing and sporting events
in 2005 (source: Mintel, 2006), whereas the betting total in Germany over
the same period amounted to just € 3.5 billion.

This securing of a British licence has been made possible by the
liberalisation of the British betting market and represents an important
step towards making a successful market entry in the UK for FLUXX. FLUXX
already has sports betting licences in Malta and Austria; for legal
reasons, however, it has not been possible to promote the products based on
these latter in the UK. The brtitish licence now gives FLUXX the
opportunity to promote own sports betting offerings in the UK.

'The British betting market is characterised by a lengthy tradition and a
level of acceptance and enthusiasm among the wider public unmatched
anywhere else in the world. Betting is one of the favourite pastimes in the
United Kingdom,' declared Rainer Jacken, Management Board spokesman of
FLUXX AG. 'The entry into the British gaming market represents a further
landmark in the European growth strategy of the FLUXX Group. Now that the
German market for sports betting currently holds less appeal due to the
protracted ambiguity surrounding the legal position, FLUXX will concentrate
its sales activities in the medium term on EU countries that are already
liberalised.'

Further information from:

FLUXX AG
Investor Relations & Corporate Communications
Stefan Zenker
Tel.: +49 40 853788–47
Fax: +49 431 88104–40
email: stefan.zenker@fluxx.com 


DGAP 06.02.2007 
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Language:     English
Issuer:       FLUXX AG
              Ostpreußenplatz 10
              24161 Altenholz Deutschland
Phone:        +49 (0)431 88 104-0
Fax:          +49 (0)431 88 104-40
E-mail:       info@fluxx.com
WWW:          www.fluxx.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Indices:      
Listed:       Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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