JAXX to sell lottery business
Operator looking to raise 12.5m to invest in sports betting, casino and poker
JAXX SE is negotiating the sale of its lottery business’ investment holdings and assets, the operator has announced.
The sale of the lottery operations, made up of JAXX GmbH (Hamburg), JAXX GmbH (Lustenau), Vendo Spielsysteme GmbH, flux.com Telewette GmbH and JAXX UK Ltd, to a group of unnamed investors, was agreed on 1 January this year. The company is aiming to complete the sale, which also includes all JAXX domains, brands and rights, by the end of February.
As a result of the sale, JAXX Group will change its name, subject to shareholders’ approval. The company’s Spanish lottery business, operated by JAXX subsidiary DIGIDIS S.L. is not part of the transaction.
Lottery business is expected to raise 12.5m, with sum to be used to finance the capital expenditure plans for JAXX’s core sports betting, casino and poker business.